Motorcycle insurance is designed for those seeking protection from the risks of being a motorcycle operator. In the same way that a car insurance policy works, so does this a motorcycle policy. This type of policy should be purchased by anyone who owns a motorcycle, whether one rides on a daily basis or just every once and a while.
To begin, you only need to choose the type of insurance coverage you’d like to have. Each kind of coverage has differing rates that you will pay different levels of premiums to enjoy. The more insurance coverage chosen, the larger the premiums will be, though a bigger deductible can mitigate the premium cost. One then simply makes payments for a year of coverage by either paying in full for the year upfront, (often with a discount), or you can usually choose to pay in a structured manner, often monthly, over time. Should you be involved in an accident, you file a claim with your insurer and they will then pay out for the costs as required by the type of coverage opted:
Bodily injury and property damage coverage
This protection is what compensates for any expenses that result from injuring other people in an accident. It also pays for others’ property damage resulting from the accident.
This coverage pays the costs resulting from any personal injuries you may have from the accident. It also can pay out for any lost income that results from being injured and unable to work.
Medical coverage helps pay for any treatment costs incurred from the accident. It also gives coverage for the medical costs of any passengers you might have had when the accident happened.
This is the type of coverage is that compensates for a replacement motorcycle if yours is stolen or destroyed. It also can pay for necessary parts and repairs in the aftermath of the accident. It also has coverage for medical and liability expenses incurred by other people involved in the accident if you’re at fault.
Towing and roadside assistance
This aspect of a policy can pay for any roadside assistance you might need, like a tire change, a windshield repair or a tow to a garage.
Call one of our experts today for more information!