What Is Motorcycle Insurance?
This type of insurance offers financial protection in case of a motorcycle accident, theft, damage, or loss. It includes liability coverage if you are responsible for someone else’s injuries or damage to their property. These policies cover motorcycles, fast street bikes, choppers, crotch rockets, Segways, and mopeds. You can contact an insurance agent to find out exactly what type of insurance your state requires.
Who It Is For
Only Washington D.C. and 24 states require mopeds to have liability insurance, but nearly all of the states want insurance for anyone with a motorcycle. This includes scooters with at least a 50 cubic centimeters engine or a top speed of 30 miles per hour. The laws for slower bikes like a moped vary.
How It Works
If you have motorcycle insurance with property damage liability and bodily injury insurance coverage, any damage you might cause to someone’s property will be covered. It may even cover a portion of the legal costs. Medical coverage for you and a passenger are also available. How much your policy will cover depends on the limits you select when you purchase the policy.
Different Types of Coverage in Existence
There are many different kinds of coverage available. Your options will vary from state to state. Your insurance agent can help you find the exact coverage required in your area along with any other options you want from the list below.
• Bodily Injury Liability Coverage
• Property Damage Liability coverage
• Personal Injury Protection
• Medical Payments
• Collision Coverage
• Uninsured Motorist Bodily Injury
• Comprehensive Coverage
• Towing and Labor
• Rental Reimbursement
• Lease / Loan Gap
• Optional or Added Equipment
Having insurance to cover you and your motorcycle will benefit you personally, your bike, and anyone else on the road. No one wants to have an accident, but when it does happen, it is nice to have coverage to protect both you and the investment you have made in your motorcycle.