Motorcycle insurance generally consists of basic liability coverage. Additional coverage is available and highly recommended, though basic coverage is usually enough to cover most problems. In the event of an accident in which you are at fault there should be enough to pay for the damage to the other driver’s vehicle.
Liability motorcycle insurance is required of all operators of motorcycles- without it they risk the loss of their license, their bike being impounded and even jail time.
Motorcycle insurance can provide coverage that pays the policyholder for repairs and medical bills for the other party in an accident should the policyholder be at fault. With additional coverage, the policyholder can also be covered for the expense of repairs to his or her motorbike. Uninsured motorist coverage is also available for the possibility that the other party involved has no coverage.
All motorcycle drivers should at least have basic liability coverage. It allows for coverage of repair costs and medical bills of the other party involved in an accident freeing the policyholder from having to pay. Collision insurance is also very helpful to own as it covers the policyholder’s own motorcycle in the event of an accident, paying out the cost of repairs or for a replacement bike. Another choice well made is comprehensive coverage, which covers the bike should any damages occur outside of a normal accident, such as a fire in the garage where the bike is parked or damage as a result of vandalism.
Motorcycle insurance is necessary so that the policyholder can legally ride his or her bike. Coverage also protects the policyholder from financial loss should there be an accident. Knowing that insurance is available to help pay the steep costs of repair or replacement of the policyholder’s bike brings great peace to a motorcyclist’s mind.