The Importance of Motorcycle Insurance
Motorcycle insurance is a priority when you purchase a new motorcycle. Ideally, you’ll have coverage in place before you take your first spin on public roads. And if your bike is financed, then the lender will likely require you to have coverage anyway. You should also check to see if your state requires insurance coverage.
Liability is generally the only insurance you’re required to have. That’s because you’re financially responsible for damages that you cause. If you damage property and harm people while using your bike, then you’re legally responsibly to pay for it. With liability insurance, your insurer helps foot the bill.
You may also want to purchase collision or comprehensive coverage. Even though it’s not legally required, it helps to have the additional coverage. Unless you have this coverage, your insurer will not pay for damages that occur to your motorcycle. Then it’s also recommended to get coverage that will include your gear and additions you make to the bike.
Another form of coverage is uninsured motorist coverage. If you’re in an accident with someone who doesn’t have insurance, then your insurer will provide you with financial assistance. Speak with an insurer to learn what options are available with motorcycle insurance.