Risk Reducing Solutions for Riders
There’s nothing like the freedom you feel when riding, right? However, if you’re on the road you’re putting yourself at risk. To ensure you’ve got the financial protection and coverage you need, consider the following motorcycle insurance coverage options made just for riders like you.
Liability Insurance Coverage
Most states require you to carry a minimum amount of liability coverage. Liability insurance covers bodily injury and property damage that you may cause to other people when involved in an accident. Unfortunately, it doesn’t cover you or your motorcycle. More specifically:
Bodily Injury Liability –Provides coverage for when you are at fault in a crash and may be responsible to cover the damages for your passenger or the other driver. If so, bodily injury liability usually covers the other driver or your passenger’s expenses including medical bills, lost wages, and pain and suffering.
Property Damage Liability – Provides coverage when you are at fault in an accident that causes damage to others’ property. It covers the expense, including damage caused to vehicles, private homes, fences and other structures.
Comprehensive Insurance Coverage
Comprehensive coverage pays for damages caused by an event other than a collision, such as theft, fire, or vandalism. However, just like collision insurance coverage, your policy will pay for damages, minus your deductible, and will cover only the book value of the motorcycle.
Uninsured/Underinsured Motorist Coverage
Uninsured/underinsured motorist insurance coverage covers damages to you and your property caused by another driver who either is uninsured or underinsured to cover your damages.
This coverage typically pays for the cost of medical treatment, lost wages and other damages. If your uninsured/underinsured motorist insurance coverage includes property damage, then your motorcycle would also be covered under the same circumstances.
Collision Insurance Coverage
Collision insurance covers damage to your motorcycle if you are involved in an accident. As your insurer, we pay for damages, minus your deductible, caused when you collide with another object or vehicle. Keep in mind, collision insurance usually covers the book value of the motorcycle before the loss occurred.
Optional Equipment Coverage
Most comprehensive and collision insurance coverages will only cover the factory standard parts on your motorcycle. When you decide to add on any optional accessories such as chrome parts, a custom paint job, trailers or sidecars, you should look into obtaining additional or optional equipment coverage
Top Ways to Save on Your Premium
Keep up your good driving record
Take a motorcycle safety driving course
Inquire about our multi-policy discounts
Consider raising your deductible
Invest in an anti-theft device
Is a “Lay-Up” Right for You?
We’re not talking basketball. If you are a seasonal rider, even though you can’t enjoy riding your bike in the winter months, you can enjoy increased savings with a lay-up insurance policy.
There’s no need to fully insure your motorcycle if it’s stored for an extended period of time. With a lay-up insurance policy, all coverage except comprehensive is suspended for a specified period of time. Ask us for more details about this more affordable seasonal coverage option.