What Is Motorcycle Insurance?

Now that we’ve covered the basics let’s delve into the various types of motorcycle insurance coverage. Your motorcycle insurance policy can be a smorgasbord of different insurance types, each tailored to provide you with specific financial protection.

Interested in knowing more? Let’s break it down into categories.

Protecting Others: Liability Insurance

Liability insurance is akin to a knight in shining armor, ensuring riders meet legal requirements and are protected financially when they are responsible for accidents. Imagine causing an accident where someone else gets injured. The medical expenses, and possibly legal defense costs, can skyrocket. That’s when your bodily injury liability insurance steps in, taking care of these expenses.

But what if you cause damage to someone else’s vehicle or property in an accident? That’s where property damage liability coverage comes in, covering the costs associated with such damages. It’s always advisable to purchase more than the state-required minimum liability coverage to ensure adequate financial protection against potential claims.

As the saying goes, it’s always better to be safe than sorry!

Protecting Your Bike: Collision and Comprehensive Coverage

Your bike is your pride and joy, and protecting it should be a top priority. That’s where collision coverage comes into play. It pays for damages to your motorcycle that result from an accident. But what about damages that occur outside of accidents? Enter comprehensive coverage, which safeguards against non-collision incidents such as theft, vandalism, and natural disasters.

While collision coverage focuses on accident-related damages, comprehensive coverage is like an all-rounder, covering damages from a variety of non-collision events. Together, these coverages form a protective shield around your bike, ensuring it remains in top-notch condition, ready for your next adventure.

Medical Coverage Options: MedPay and PIP

Let’s talk about you now. Having MedPay coverage, also known as medical payments coverage, is advantageous for riders. It helps to cover medical expenses for both the driver and passengers, regardless of who is at fault in the accident. It covers costs like copays and deductibles, ensuring you don’t have to dig deep into your pockets after an accident.

But what if you want broader protections? That’s where Personal Injury Protection (PIP) coverage comes in. PIP not only covers medical expenses but may also cover additional costs like:

lost wages

rehabilitation expenses

funeral expenses

childcare expenses

Both MedPay and PIP are designed to cover medical costs related to an accident, regardless of fault, providing a safety net for you and your passengers.