Motorcycle insurance offers protection from the risks of riding down the highways and byways on, you guessed it, a motorcycle. In the same way that car insurance works, so does motorcycle coverage riders. This type of a policy should be purchased by anyone who owns a motorcycle, whether riding on a daily basis or just occasionally.
To start, you only need to choose the kind of insurance coverage desired. Each type of coverage has varying rates for which you pay various levels of premiums to enjoy. The more insurance coverage chosen, naturally the higher the premiums will be, though also opting for a higher deductible can lower some of these premium costs. You then make your payments for a year of coverage by paying the entire amount at once, (often at a discount) or you can choose to pay in a structured way, usually monthly. Should you have an accident out on the road, you then file a claim with your insurer. The company will then pay the costs as required by the type of coverage you have.
• Bodily injury & property damage coverage: This kind of coverage is what handles the expenses that come from the injuring of others in an accident. It also compensates for any property damaged due to the accident.
• Personal injury: This part of a policy is what pays the expenses that result from any personal injuries you may have in an accident. It also can compensate you for any lost income that happens while being injured and unable to continue in your job.
• Medical coverage: Medical coverage helps to pay for treatment expenses incurred due to an accident. It also provides protection for the medical costs of any passengers you might have while involved in an accident.
• Comprehensive coverage: This is the types of coverage is that compensates for a replacement of a motorcycle if yours is stolen or “totaled.” It also can help to pay for any parts and repairs needed in the aftermath of an accident. It also gives coverage for medical and liability costs for others involved in the accident should you be the one at fault.
• Towing and roadside assistance: This aspect of many policies can pay for roadside assistance you need, such as during a tire change, the repair of a windshield or for a tow to a mechanic.
Be sure you have sufficient motorcycle insurance, as the risks are high but the premiums are relatively low. Call today to find out more!