A motorcycle represents freedom to travel wherever and whenever. But if you’re passionate about the open road, it’s essential you have the proper insurance.
It can be difficult to know if your insurance plan covers everything you need until it’s too late. Don’t learn the hard way.
Here are some ways you can tell if you have the best motorcycle insurance.
Coverage for Liability
If by chance, you cause an accident on the road, you want to make sure that you have enough insurance to cover the costs associated with that accident.
Major problems can arise from not having liability insurance. If you are brought to court, you could end up having to pay for the lawsuit out of your own pocket.
Depending on how major the accident is, a lawsuit could cost you millions. With liability insurance, you will be able to pay this over time with the help of your insurance company, rather than all at once.
Coverage for Uninsured Riders
According to the latest statistics, around 12% of drivers on the road do not have insurance. This can be a massive problem if you get into an accident. If the other driver or motorcyclist does not have insurance, who is going to pay for damages?
The best motorcycle insurance plans will cover you for medical bills, rehabilitation costs, lost wages, and more if you are incapacitated due to an injury. This coverage usually extends to damage sustained by your motorcycle in the incident.
If this type of coverage is not included in your plan, and you happen to get into an accident with an uninsured driver, you will have to pay for these costs out of pocket. This is on top of any legal fees you could be responsible for.
Coverage for Breakdowns
Most basic insurance plans will cover at least some of the costs associated with a breakdown, but only the best motorcycle insurance plans will cover the auxiliary expenses.
Do some research and find out if your insurance covers food, hotels, and transportation costs if your motorcycle breaks down and you’re far from home. Some insurance providers will reimburse you for these costs if you provide them with receipts.
If you have multiple motorcycles and haul them with trailers, you may even be able to get your trailer covered against breakdowns.
The Best Motorcycle Insurance is Comprehensive
Although some states require a minimum amount of coverage, insurance providers are not always legally obligated to provide you with the essentials listed above.
If your motorcycle insurance provider does not offer extensive coverage, they may not be the right provider for you. You should be able to take comfort in knowing that should the worse happen, you are prepared.
But compared to some car insurance plans, comprehensive motorcycle insurance plans can be very affordable. Sometimes, a slight increase in your monthly premium can mean a huge boost in coverage.
For more information on how to find the best motorcycle insurance plan for you, please contact us!
