If you’re a motorcycling enthusiast, having the right insurance in place will help protect yourself, your ride, and the passengers.
Here are the four essential coverage options your motorcycle insurance policy should have to ensure your safety.
1. Medical Payments and Personal Injury Protection (PIP)
Medical payments coverage is mostly like your health insurance and covers your medical bills if you are injured while riding on your motorcycle. This type of coverage covers the expenses, regardless of who is at fault for the accident.
In some states, motorcyclists also purchase personal injury protection (PIP), which covers the loss of wages due to an accident.
2. Collision and Comprehensive Coverage
Collision coverage pays for the cost of repairing or replacing your motorcycle if it is damaged in an accident or if you fall off your motorcycle and it is damaged by the road or any other object.
On the other hand, comprehensive coverage will cover the cost to repair your bike for non-collision damages, such as vandalism, fire, or theft.
3. Uninsured/Underinsured Motorist Insurance
Although this coverage isn’t generally mandatory, it is important to include it in your motorcycle insurance policy. It will cover your medical expenses as well as your vehicle’s repair costs if the driver who is responsible for the accident does not carry insurance.
This coverage will also be beneficial if the cost of repairing your motorcycle is beyond the liability limits of the at-fault driver’s policy.
4. Liability Insurance
Liability coverage will cover the expenses of injuries or property damages caused to a third party if you are found to be at fault for an accident. Also, it will pay for the legal expenses if you are sued.
These are the four coverage options every motorcyclist should have in their insurance policy. For assistance with your motorcycle insurance, contact the experts at Weeks & Associates Insurance Services in Thousand Oaks, California. We are ready to assist you with all your coverage needs today.