Getting A Grip On Motorcycle Coverage? What You Really Need To Know!
Choosing the best types of coverage for a motorcycle rider depends on various factors such as your personal needs and the type of motorcycle you have. Do not wait until an accident to see whether you have proper insurance protection.
Here are some common types of coverage you might consider:
- Uninsured/Underinsured Motorist ("UM") Coverage: This covers you if you're involved in an accident with a driver who doesn't have insurance or enough insurance to cover your damages. It helps pay for lost wages, out-of-pocket expenses, future lost wages and loss of use of enjoyment of life (pain & suffering damages) and other special damages. Beware of insurance agents who push you to sign a UM Rejection form to lower your insurance premium by saying this coverage is not necessary. Nothing could be farther from the truth. Visit our RESULTS page to see numerous examples of how this coverage makes a huge difference to a biker's recovery.
- Liability Coverage: This covers injury and property damage that you may cause to others in an accident. It's a fundamental coverage for protecting your personal assets in case you're at fault in an accident.
- Collision Coverage: This covers damage to your motorcycle caused by a collision with another vehicle or object. It's particularly important if you have a valuable bike or if you're still paying off a loan for it.
- Comprehensive Coverage: This covers damage to your motorcycle caused by events other than collisions, such as theft, vandalism, fire, or natural disasters. It provides broader protection than collision coverage.
- Medical Payments Coverage: This covers medical expenses for you and your passengers if you're injured in a motorcycle accident, regardless of who is at fault. Any automobile PIP coverage will not follow you on your motorcycle and will not pay your medical bills.
- Accessory Coverage: If you've added custom parts or accessories to your motorcycle, such as a custom paint job or aftermarket exhaust system, you may want coverage to protect those additions.
- Roadside Assistance: This provides assistance if your motorcycle breaks down while you're on the road. It can cover services like towing, fuel delivery, and flat tire assistance.
- Gap Insurance: If you're financing your motorcycle, gap insurance can be beneficial. It covers the difference between what you owe on your loan and the actual cash value of your bike if it's totaled in an accident.
Consider your budget, the value of your motorcycle, and your personal risk tolerance when selecting coverage. It's often wise to discuss your options with an insurance agent who specializes in motorcycle coverage to ensure you have adequate protection. Reminder: Critical to have Uninsured Motorist Coverage!
Brad Souders, a lifetime biker, an award-winning attorney with more than 30 years' experience – A Biker Representing Bikers!
Attorney Brad Souders has a main office in Tampa, representing injured bikers and their families throughout the state of Florida.
Free Initial Consultations, also offering home, hospital & evening or weekend appointments. Simply call Brad's cell phone at 813-220-7767.