The standard coverage options for motorcycle insurance are similar to those of auto insurance. If you don't know these coverage options, you might end up arguing with your insurer when an accident happens. Understanding your coverage prevents any future arguments, especially when you're not financially ready to settle something. Here are the things that your motorcycle insurance covers.
This coverage pays out if your motorcycle gets damaged. However, this is minus your agreed deductible. When you buy your policy, the deductible is the amount you choose that the insurance company deducts from your claim check. Always make wise decisions when it comes to deductibles.
Comprehensive coverage pays out in case of theft or damage to your motorcycle. However, this does not include collision cases. This also covers animal collisions, and claims are still subject to your deductible.
Medical Payments (MedPay)
Although this is not available in all US states, these payments cover your medical bills. That includes you and your passengers who sustained injuries in the road accident. However, this does not cover payments for lost wages as well as other non-medical concerns. Medical payments are useful if you don’t have health insurance.
Personal Injury Protection
This aspect of the motorcycle insurance pays out for all the medical bills that you need to heal your injuries. This includes coverage for you if you're the driver. It also covers your passengers and pedestrians affected by the accident. This is common in US states with high rates of accidents.
There are so many insurance companies that provide add-on options in addition to the basic coverage of motorcycle insurance. One add-on is trip interruption coverage. This pays out for transportation, lodging, and food in case you experience an accident at least 100 miles away from home. Another add-on is coverage for parts and accessories of your motorcycle. A third add-on is transporting trailer coverage for trailers. Also, there’s roadside assistance coverage for the labor involved in towing your motorcycle in case of a breakdown.
Your motorcycle must be very important to you. Thus, you need to get motorcycle insurance for it, but you need to know what your insurance covers. Without knowledge about the coverage of your motorcycle insurance, you'll end up spending more than you think. Knowledge can save you so much money and so much stress from arguing with your insurer.
At Keith Sanders Insurance Group, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (254) 235-8185 or Click Here to request a free quote.