If you own a motorcycle, implementing a solid motorcycle insurance policy is a must. Insurance can protect you in the event of an accident and can also spare you exorbitant expenses if you’re found to be liable for any damage that occurred. Before signing up for a policy, it’s important to understand what is and is not covered so you can make the right decisions.
Motorcycle Insurance FAQ
Am I Legally Required to Have Motorcycle Insurance?
Most states do require a minimum level of coverage. For instance, in Ohio riders must show they are financially responsible to cover any issues that arise. Most motorcyclists do this by purchasing minimum liability coverage, which includes $25,000/$50,000 bodily injury coverage per person/accident, and $25,000 for property damage.
Do I Need More Than the Minimum Liability Coverage?
Keep in mind that even a relatively minor accident can be expensive to remedy. That’s why it’s a good idea to expand coverage beyond the mandatory minimums. If you’re found responsible for an accident, you’ll need to pay for medical bills and repairs for anyone else involved.
What Are Some Other Types of Coverage?
Comprehensive coverage protects against damage occurring to your bike. Covered perils include vandalism, theft, fire, and inclement weather. There is also medical payments coverage, which pays for injuries you sustain. Other types of motorcycle insurance include uninsured/underinsured coverage, coverage for accessories, and roadside assistance.
Am I Still Covered If I Have a Racing Bike?
Riding a motorcycle on a racetrack might be considered a higher risk, which means you may not be covered. It’s important to discuss this with your insurance agent before moving forward. You may need to increase policy limits or purchase a different policy if you have a racing bike.
Siemers Insurance Agency wants motorcyclists in the Tri-State area to stay protected no matter what. That’s why they offer common sense motorcycle insurance that protects you no matter who was at fault. They also offer many other types of coverage, including home insurance, protections for small business owners, coverage suited to vehicles, and even umbrella policies to fill in the gaps. Call (513) 469-8877 today to arrange a consultation with a skilled agent. If you’d like to learn more about covering your motorcycle, visit them online.