Like an auto policy, motorcycle insurance provides financial protection in the event of an accident. Coverage requirements vary by state, but in New York, you must have a minimum of $25,000 in bodily injury protection, $50,000 in accident protection, and $10,000 in property damage protection. This is commonly referred to as 25/50/10. To help you understand all of your coverage options, here are a few different kinds of policies you can add.
What Can Motorcycle Insurance Cover?
1. Injuries & Damage to Others
A motorcycle insurance policy covers the costs of injuries sustained by other drivers in case of an accident, as well as any damage to their vehicles. Bodily injury liability coverage insures you for severely or fatally injuring someone while operating your motorcycle, while property damage liability options pay for property repairs and replacements.
2. Comprehensive Physical Damage
This insurance policy covers you from collisions as well as vandalism and theft. It also pays for vehicle damages incurred by wildlife, such as hitting a deer, and weather-related issues like hail and fire damage. Some people also add coverage for bike accessories and gear.
3. Medical Payments
Policy customization in most states includes coverage for medical payments, both for yourself and your passengers. Medical payment coverage protects you from high hospital bills if you or one of your riders gets injured. Guest passenger liability coverage is legally required in some states.
4. Under- & Uninsured Motorists
Another insurance customization option, this add-on provides coverage if you get hit by an under-insured or uninsured driver. It covers any injuries you sustain as well as damage to your motorcycle so you are not stuck paying for an accident that was not your fault.
Get the amount of motorcycle insurance coverage you need with Bryan Nelson Ives-Johnson Agency INS. Serving Western New York since 1935, this agency has provided a full suite of coverage options, including those for drivers, homeowners, landlords, and business owners. Call (716) 488-1191 today to request a quote or visit their agency online to see what else they offer.