Nothing is more exhilarating than hopping on a motorcycle and taking off down the highway under sunny, blue skies. While the ride can be a thrill, it’s important to have motorcycle insurance to protect against the unexpected. If you’ve been thinking about purchasing a bike, here is some helpful information on standard policy coverage.
4 Sections of Motorcycle Insurance Coverage
1. Replacement Costs
Depending on the type of coverage, policyholders may be able to get a brand new motorcycle if their existing one is totaled in an accident. A total loss coverage plan pays for the owner’s bike based on the make, model, and year according to the manufacturer’s suggested retail price. An actual cash value plan picks up the tab for the bike’s most recent worth.
2. Bodily Injury & Property Damage
This type of coverage is known as liability insurance and is required in most states. The policy pays for bodily injury expenses and property damage of other drivers if the policyholder caused the accident. In some plans, motorcycle insurance may also pay for any legal claims filed by the impacted driver.
3. Comprehensive & Collision
Sometimes motorcycles are in accidents that don’t involve other vehicles. For instance, a large chunk of ice or tree limb could fall and cause extensive damage. Comprehensive coverage will pay for the repair or replacement costs. The policy also extends to theft and vandalism. Collision covers accidents caused by other vehicles.
4. Medical Expenses
If you’re injured while driving a motorcycle, most policies will pay for the medical expenses. This can be a financial lifeline for those who don’t have other health insurance. However, there may be limits. For example, the policyholder might have to use their health insurance plan to the established limit before turning to motorcycle insurance.
Motorcycle insurance offers peace of mind against a wide range of scenarios. Let the experienced team at MP Davis Insurance Agency in Randleman, NC, help you secure affordable coverage in the Piedmont Triad area. To get started, call (336) 498-7606 for a free quote. Visit their website for information on the complete lineup of insurance policies.