Whether you are purchasing a new motorcycle or you are shopping for a more affordable policy option, you may be taking a closer look at what motorcycle coverage actually includes. This is coverage that may include benefits for liability and collision, and there are other optional coverage options available as well. Liability motorcycle insurance is generally required by law in most states, and collision coverage may be required if you have a vehicle loan in place on your motorcycle. Essentially, this is coverage that may be required as well as beneficial for anyone who owns a motorcycle.
When you operate a motorcycle, you are legally responsible for the damage you cause, and this may include medical expenses and property damage for other parties if you cause an accident as well as other related expenses. Liability coverage is available that will pay other parties for their expenses up to the specified limits, and this can minimize your out-of-pocket expenses after an accident. Collision coverage essentially will pay for repairs to your own vehicle during an accident.
Comprehensive coverage goes a step above this, providing for repair costs if the motorcycle was damaged in a collision, major weather event, theft or other events. It can also pay for your own medical bills and damaged personal property. It can be burdensome to pay thousands of dollars or more in repair bills after an incident, and the right coverage can keep your expenses lower. In fact, in many instances, you may only need to pay your insurance deductible.
There are also optional coverage choices available. These may include those for under-insured motorists, uninsured motorists, roadside assistance, rental car coverage and more. While these are optional, many motorcycle owners may find that the coverage they provide is beneficial. You can inquire more about these options to determine if they would benefit you.
At least some minimal coverage is required for most motorcycle owners, depending on the state where you live. Most motorcyclists will also benefit by purchasing more robust motorcycle insurance, and you can begin learning more about the options available by speaking with a broker who sells this type of coverage.