For those of us who love the feel of the highway at our wheels, motorcycles are akin to ultimate freedom.
But, to get the most out of your bike, it’s best to be safe over sorry. A motorcycle insurance policy not only protects you, but it protects other drivers, too.
What is Motorcycle Insurance?
Full coverage motorcycle insurance covers the repair or replacement of your motorcycle if it’s stolen or damaged. It can also cover the damage you may have caused in an accident.
Usually, this type of personal insurance policy includes collision and comprehensive insurance.
This is in addition to state-mandated liability coverage.
What Can it Cover?
Full coverage motorcycle insurance often includes:
Collision and Comprehensive
It pays to replace or repair your motorcycle when a covered loss occurs.
Collision coverage pays for damage that comes from an accident with another vehicle or object. This includes hit and runs.
Comprehensive coverage covers theft and act of God incidents. This includes damage to your bike caused by falling objects, hail, flooding, and fires.
It also protects your bike when it’s in storage.
Property Damage and Bodily Injury Liability
This covers damage you cause other motorists and their property in an accident.
Let’s say you get into a car accident and cause damage to the other and the other driver. Liability insurance covers this.
Most states require this type of coverage, but not all so it’s recommended you buy a policy that has liability coverage. This will cover your assets in the case you are at fault in an accident.
Personal Injury Protection
This covers your medical expenses and any lost wages that occur in a motorcycle accident. It doesn’t matter who’s at fault.
Uninsured Motorist
This covers losses you experience in the event you’re in an accident with an uninsured driver or one who doesn’t have sufficient coverage.
It pays for your medical bills if they injured you in such an accident.
It also covers damage to your bike.
What Does Motorcycle Insurance Not Cover?
As you can see, motorcycle insurance is fully comprehensive. But, it rarely covers the cost of motorcycle accessories.
This includes but is not limited to:
- Luggage racks
- Windshields
- Saddlebags
Motorcycle insurance is a must for those of us who love to ride. It not only protects us, but it also protects our machines and other drivers in the case of an accident.
Adding a Motorcylce to a Personal Policy
Motorcycles can be added to the Personal Auto Policy. The policy defines “miscellaneous type vehicles” as a motor home, motorcycle, scooter, all terrain vehicle, dune buggy, or golf cart. (Note: A golf cart can also be endorsed onto a Homeowners Policy).
The endorsement can be used for virtually any type of motor vehicle that meets auto eligibility requirements – non-fleet, not owned by a corporation or partnership, etc. An exception is a snowmobile for which there is a separate endorsement.
You might find better coverage and price on a separate motorcycle policy offered by one of our carriers. We will compare the coverage cost of an endorsement to your auto coverage with a separate motorcycle policy to see which best suit your needs.