Motorcycle insurance is as essential to your protection on the road as the rest of your safety gear. It covers repairs, replacement costs, medical bills for anyone injured in an accident, and even the cost to fix any property damaged in an accident. Instead of paying for all of this out of pocket, you can depend on your insurance to help you afford the necessary financial responsibilities. If your motorcycle is worth more than $5,000, or if you rely on your motorcycle for daily transportation, a strong insurance policy is a smart investment.
Motorcycle Insurance Benefits & Coverages
Most states require motorcyclists to carry insurance, so riding without it can result in hefty fines and even the loss of your license if you get pulled over for any reason. In addition to meeting this requirement, insurance helps protect you from financial liability on multiple fronts if you are ever in an accident. Here are some of the benefits you will enjoy with a robust motorcycle insurance policy to protect you while you are riding.
Liability Coverage
If you cause damage to another person or their property during a motorcycle accident, liability coverage helps you pay for the resulting costs to cover repairs and other bills. Most insurance policies allow you to take on different levels of liability coverage. While higher limits can be more expensive, they can also be beneficial for newer motorcyclists or those who commute through urban areas, as the likelihood of an accident is higher in these situations. More experienced riders should still carry liability insurance, but may be more comfortable with lower amounts of coverage.
Guest Passenger Coverage
Passengers who ride on your motorcycle with you might not have good insurance coverage themselves, putting them at risk if they are injured while on the road. With a good motorcycle insurance policy, they will not have to worry about injury and the resulting medical payments. Your insurance coverage can help them pay for medical bills and care for their injuries, if necessary, helping them avoid financial distress in the event of an accident.
Medical Payments & Personal Injury Protection
Insurance can help pay for your own medical expenses and provide personal injury protection in the event of a crash for even more coverage. Your medical insurance coverage will help you pay for your bills regardless of who caused the accident, helping you remain financially stable no matter what. Optional personal injury protection coverage can also help pay for child care, lost wages, and other related expenses that you incur as you recover from your injuries.
Collision & Comprehensive Coverage
While property liability covers the costs of repairing or replacing property that belongs to other people, collision and comprehensive coverage helps pay for damage done to your own property. Collision insurance will cover the cost to repair and replace your motorcycle if it is involved in an accident, while comprehensive coverage offers the same protections if your bike is damaged in a non-collision event, such as a fire, storm, or even theft. Comprehensive insurance coverage will keep your motorcycle safe even when it is parked in front of your home.
Breakdown Coverage
Motorcycle repair insurance, sometimes called mechanical breakdown insurance, is an optional type of coverage that pays for certain repairs to your motorcycle. In this way, it is similar to an extended warranty that can help you repair the engine, transmission, and other regular maintenance repairs made at your local repair shop.
Roadside Insurance & Towing
Being stranded on the side of the road in the event of a breakdown can be stressful. Roadside and towing insurance helps you affordably have your motorcycle towed to the nearest repair shop. It also covers battery failure, flat tires, and mechanical or electrical breakdowns, with free delivery of water, oil, or fuel if necessary to get you back on the road as quickly as possible after the incident. Note that this type of coverage can also be offered through organizations like AAA, in addition to your insurance.
Speak to Experienced Specialty Insurance Brokers
When it is time to purchase your motorcycle insurance, choose an insurance company that provides comprehensive motorcycle insurance coverage. The JMG Insurance Agency insurance agency offers all of the protections discussed here in addition to high quality customer service and support. Contact the agency for more information about motorcycle insurance or to purchase your own policy. The experienced insurance brokers at JMG Insurance Agency can help you choose the right policy and coverage amounts for your needs, giving you peace of mind on the road and the ability to pay for any unexpected events that occur.