December 24, 2021

What Does Motorcycle Insurance Cover

It doesn't matter whether you have one motorcycle or a fleet; you'll need insurance for it. Motorcycles also get into accidents, and an insurance cover could come in handy when you want to repair your bike or get a new one.

Luckily motorcycle insurance is affordable, and they cover a wide variety of motorcycle needs. Loss and theft are common damages that motorcycle insurance covers.

The following piece covers what you need to know about motorcycle insurance and what they cover. We will also get to delve into types of motorcycle insurance and what is important about motorcycle insurance.

What Is Important About Motorcycle Insurance

Most riders will tell you that having a motorcycle is one of their best life choices. Imagine the free feeling of cruising down a free road. But, unfortunately, motorcycles are sometimes more dangerous to ride than any other vehicle.

Therefore, motorcycle insurance should be considered a part of your motorcycle gear. In fact, motorcycle insurance is a law requirement.

Just like any other vehicle insurance, motorcycle insurance also has a good number of benefits. So what is the importance of motorcycle insurance?

  • Repair and replacement: apart from the usual accidents with other vehicles, a motorcycle can have damages caused by other factors; such factors include natural elements like floods, strong winds, ice, among other factors. In this case, a good insurance cover will cover the repair or replacement if need be.
  • Damages: insurance will cover the damages caused during an accident. These costs can be too high without motorcycle insurance, whether it is damage to your motorcycle or another person's vehicle.
  • Roadside assistance: insurance can also cover your motorcycle roadside issues, like when you are stuck on the road because of mechanical problems. You can also use a cover to tow your motorcycle after an accident.
  • Medical coverage: This coverage pays for certain medical costs incurred by you and any passengers as a consequence of an accident.

Types of Motorcycle Insurance

There are different types of motorcycle insurance, but most states will require that you have liability coverage. Other types are wholly optional. To be safe, ask your insurance provider and expert about the laws that apply in your state regarding motorcycle insurance.

Also, make sure you understand the insurance coverage that will work for you before you decide to buy any motorcycle insurance.

Liability Insurance

This type of insurance covers the bodily injuries or the property damage you may cause. However, it does not cover your physical injuries or the damage to your motorcycle. Depending on your insurance company or the laws in your state, having a guest passenger liability may help if a passenger you carried was injured.

Motorcycle Collision Insurance

This one covers the damage caused on your motorcycle due to a collision with another vehicle.

Your insurance company will cover damages with this, usually based on your book value and deductibles.

Comprehensive Coverage

This type of coverage is similar to collision insurance, only that this type only covers other types of damage, excluding collision. Like collision insurance cover, it covers the damages excluding your deductibles.

Customized Motorcycle Parts Coverage

If you choose custom parts coverage, you will obtain coverage at no extra cost. However, there is a coverage limit of up to $10,000.

Uninsured or Underinsured Motorist Coverage

This coverage will cater for your bodily or motorcycle damage caused by another motorist who doesn't have insurance or if their insurance cannot fully cover them. Usually, this policy pays for medical bills, lost wages, and sometimes property damage.

Factors That Influence Your Insurance Costs

Below are some of the factors that will affect the type of insurance that you'll pick and the costs involved;

  • Age: the younger your age, the higher the cost of your premium insurance. But why? Simple. The older you are, the lower the risk of causing an accident.
  • Type of motorcycle: there is no way around this. The type of motorcycle you have will significantly determine the insurance costs. The high-power engine motorcycle will result in higher costs of insurance.
  • Motorcycle Usage: a commercial motorcycle will have higher costs, unlike a personal bike.
  • Year of Registration: the newer your motorcycle is, the higher the premium insurance cost.

Get Covered

One importance of motorcycle insurance is to cover accidental damages. Most motorcycle accidents are because of a collision with another vehicle. Don't underestimate the percentage; that is a huge number considering that motorcycles are also few on the road.

To ensure that you are covered, you should contact Alpine Castle Lake Insurance for more information. We are a full team of insurance experts ready to answer any question you might have and cater to your motorcycle insurance needs. Contact us on 208-552-2100 for your insurance needs.