Various Motorcycle Insurance Coverages

“Once taking out comprehensive motorcycle insurance coverage, you will definitely be surprised at the list of additional benefits coming with your insurance policy”

Whether you are in Washington State and Florida State where it is not required to carry insurance on your motorcycle or in California State where you do need to keep proof of insurance when riding your motorcycle, safety is so important when it comes to riding motorcycles. As a motorcycle rider, my recommendation is to take care and show caution every time you are on the road. A lot of people, in fact, could have premiums ranging far past their affordability if they did carry certain insurance coverage on their “pride and joy”.

The very first thing to do, even before considering which providers to go with, is to choose which type of coverage and deductibles that best cover your motorcycle and your lifestyle.

Comprehensive Coverage

Let’s enjoy your ride with the peace of mind that comes from knowing you are covered.
Not all motorcycle accidents are determined to be other drivers’ faults. A motorcycle accident —or damage to a motorcycle occurs sometimes happens due to the natural forces or unexpected events. In the case that your property is harmed by severe weather conditions, a natural disaster (earthquakes, flood, fire, or other major catastrophes), road conditions, vandalism, falling (missile) objects, theft, tire or brake failure, hitting or being hit by an animal, or something else other than a collision, these damages can all be included under policy coverage. Since you never know what could happen, it comes in handy to have insurance to go a long way in protecting you financially.

Designed to meet the personal and financial needs of most motorcycle owners, Comprehensive Coverage kicks in to pay for these catastrophic events. This policy coverage addition should be considered by anyone, especially those living in a state where there are frequent events. In addition to avoiding huge out of pocket costs, you can also have most repairs which result from these kinds of damages covered under your motorcycle insurance policy.

Uninsured / Underinsured Automobile Coverage

As a motorcycle is much smaller and less stable than a car, slick roads, potholes, uneven lane heights as well as other hazards pose a greater threat. Therefore, it is widely understood that compared to drivers of a standard car, a motorcyclist often faces a higher risk of getting into a crash. With that being said, having a good motorcycle insurance policy is always important.

If you are in an accident in which the other party is at fault (injured or killed by an unidentified driver or by an uninsured motorist), Uninsured Automobile Coverage provides you and your family with financial compensation including medical payments and loss of wages. You can even expect up to $25,000 to covers damage to your motorcycle caused by an identified uninsured driver.

Whether you are a casual rider, a hardcore motorcyclist, or a weekend warrior, if you are in an accident, the greatest way to protect you against loss must be motorcycle insurance.

Statutory Accident Benefits Coverage

No one can deny that motorcycle accidents can have long-lasting and long-devastating psychological, emotional, financial, and social consequences for the victims, their family, and their loved ones. And regardless of who caused the accident, the “no-fault” Statutory Accident Benefits (SABS) is always the best choice.

If you are seriously injured in a motorcycle accident, regardless if it was your fault, Statutory Accident Benefits Coverage pays for expenses not covered by healthcare such as rehabilitation, attendant care, supplementary medical, non-earner, caregiver, income replacement, and death and funeral benefits while recovering from an accident.

Direct Compensation – Property Damage (DCPD) Coverage

If you are not at fault for a motorcycle accident and that driver is insured by an insurance company licensed, Direct Compensation – Property Damage (DC – PD) coverage provides compensation for you and pay for damage to your vehicle and its contents.

Under Direct Compensation – Property Damage (DC – PD) coverage, if your vehicle is damaged in an accident caused by someone else, your own insurer pays for the portion of your vehicle's damage for which you are not at fault. If you have collision coverage, the portion of your vehicle damage for which you are at-fault is paid by your own insurer. The loss of use of your vehicle as well as your belongings can be covered.

Not familiar with motorcycle insurance coverages? Want to learn more about motorcycle insurance coverages and how they impact accident claims? To help you better understand motorcycle insurance and what is included in your policy, we have put together this post outlining various motorcycle insurance coverages offering protection for you, your bike, and your accessories.

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