Most people are well aware that they need to have insurance if they are going to ride a motorcycle. What might not be so clear is that there are actually several different types of motorcycle insurance and you may or may not need all of them. There is only one type that you are legally required to have, the rest are voluntary depending on your particular situation. They offer different benefits and features as well.
The first type of motorcycle insurance that you are going to have to be familiar with is liability coverage. Almost everybody knows about this type since it is the one that you are required to have. If you ride a motorcycle or drive a car you know all about this type of coverage. This is to make sure that if you are the cause of an accident you will be able to pay for the damage that you do to other people’s property or any injuries that you cause them. In almost all cases the legal minimum is nowhere near enough to pay for the damage in accident so you will want to have more coverage than this.
Because the legal minimum liability coverage is almost always inadequate there is another type of insurance that you need to have and that is uninsured/underinsured driver coverage. This is so that if you are involved in an accident with a driver who doesn’t have enough coverage, or worse has no insurance at all you will have insurance to pay for any damage that you suffer even if the other person is not able to pay the full amount.
Another type of motorcycle insurance that you have to make sure that you have is personal injury coverage. The reason that you need this should be obvious, the chances that you are going to be injured in an accident are pretty good and therefore you have to make sure that you are covered for any medical expenses should this happen. In rare cases if you have a really good health care plan this may not be necessary however most people do not have health care plans that are good enough to allow for this so you are going to want to have personal injury coverage.
One last type of motorcycle insurance that you are likely going to have to have is comprehensive coverage. This will cover you if your bike gets damaged or stolen. This will apply regardless of how the bike got damaged whether it was an accident that you caused or if it gets damaged while parked out front of your house. If you have financed your motorcycle you can be pretty sure that your lender will require that you have this type of coverage. Even if they don’t it is still a good idea to have it anyway.
Keller Insurance is offering affordable motorcycle insurance and to learn about the features and how much it costs, contact us.