Motorcycle insurance is designed specifically for motorcycle riders.
What is it? Who should get it?
Driving any uninsured vehicle in the United States can results in fines or even prison time. This includes motorcycles; if you cannot prove that you have insurance after being pulled over, you might even lose your license. It doesn’t just protect you in this way, however; you’ll have coverage for medical or repair bills in the event of a collision.
How does it work?
Insurance for bikes works similarly as for any automobile. The damage that the accident causes will be covered by the insurance you have acquired for the bike.
Types of insurance
Bodily Injury / Property Damage Liability: BI/PD will cover you if you are found at fault for an accident where another person was injured or had property damaged. The coverage will reach a limit you have selected.
Comprehensive / Collision: This covers the cost of replacing or repairing your bike in the event of theft or damage, regardless of who is deemed at fault. You must pay a deductible out of pocket for each type of coverage, then insurance kicks in.
Uninsured / Underinsured Motorist: When someone at fault lacks sufficient insurance, UM/UIM covers the damages and injuries that the at-fault party should be paying, including medical and wages.
Medical Payments: This covers medical care needed after a motorcycle crash, and it can be used no matter who is at fault. Normally, this is limited to the initial treatment in the first three years of the collision, and it is also set to a certain dollar amount. Some states may only apply this after other medical insurance is exhausted.
What the benefits of getting motorcycle insurance?
You’ll comply with the law, for starters. It is required to get insurance for your vehicle, so this is the most obvious reason. The other major benefit is that your medical bills will be covered if you have an accident. If you don’t have good health insurance, this can save you tens of thousands or more.