If you own and ride a motorcycle, it’s important to have insurance coverage to protect yourself in case of an accident or theft. But there are different types of motorcycle insurance coverage available, and it can be confusing to figure out which ones you need. Here’s a breakdown of the different types of motorcycle insurance coverage, so you can choose the right coverage for you:
Liability Coverage
Liability coverage is the most basic type of motorcycle insurance coverage and is required by law in most states. It covers damages and injuries you may cause to other people or their property in the event of an accident. This means if you are at fault for causing an accident while riding your motorcycle, your liability insurance will cover the cost of any bodily injury or property damage you may have caused.
Collision Coverage
Collision coverage is an optional type of motorcycle insurance coverage that covers the costs of repairs or replacement of your motorcycle if it is damaged or destroyed in an accident. It will also cover the cost of repairs or replacement if your motorcycle is damaged or destroyed in a non-collision incident, such as hitting a deer or a tree.
Comprehensive Coverage
Comprehensive coverage is also an optional type of motorcycle insurance coverage that covers damages to your motorcycle that are not related to an accident. This includes damage from natural disasters, theft, and vandalism. If your motorcycle is stolen, comprehensive coverage will pay for a replacement bike.
Medical Payments Coverage
Medical payments coverage is also an optional insurance coverage that pays for medical expenses incurred by you or your passenger in an accident. This covers both hospitalization and medical expenses, including doctor visits, surgeries, and rehabilitation.
Uninsured/Underinsured Motorist Coverage
Uninsured/Underinsured Motorist Coverage is an optional coverage that covers you if you are hit by a driver who doesn’t have any insurance or doesn’t have enough insurance to cover your damages. This is important because not everyone has insurance, and if you get hit by an uninsured driver, you could be left with the bill for all of your damages.
Personal Injury Protection (PIP) Coverage
Personal Injury Protection (PIP) coverage is only available in certain states and is similar to medical payments coverage. It covers medical expenses and lost wages for you or your passengers regardless of who was at fault for the accident.
Guest Passenger Liability Coverage
If you have a passenger on your motorcycle, you may want to consider adding guest passenger liability coverage. This will cover your passenger if they are injured or killed in an accident while riding with you.
In Conclusion
There are several types of motorcycle insurance coverage available, and the coverage you need will depend on your individual circumstances. It’s important to review your insurance policy carefully and choose the coverage that best fits your needs. Make sure you understand what your insurance policy covers, and don’t be afraid to ask questions if you are unsure. With the right insurance coverage, you can ride your motorcycle with peace of mind, knowing that you are protected in case of an accident or theft.