Gain freedom on the road with the right motorcycle coverage. There’s nothing like the freedom you feel when riding but if you’re on the road, you’re at risk. To ensure you’ve got the coverage and financial protection you need, consider the following motorcycle insurance coverage options.
Liability Insurance Coverage
Required by most states, liability insurance covers bodily injury and property damage that you may cause to other people involved in an accident.
- Bodily injury liability - typically covers the other driver or your passenger’s expenses such as medical bills, lost wages, and pain and suffering.
- Property damage liability - typically covers the expense of repairing damage to others’ property (vehicles, homes, fences, etc.).
Collision Insurance Coverage
Collision insurance may cover damage, minus your deductible, to your motorcycle if you are involved in an accident. Keep in mind, collision insurance typically covers the book value of the motorcycle before the loss occurred.
Comprehensive Insurance Coverage
Comprehensive coverage may pay for damages caused by an event other than a collision, such as fire, theft or vandalism. However, just like collision insurance coverage, your policy may pay for damages, minus your deductible, and may cover only the book value of the motorcycle.
Uninsured/Underinsured Motorist Coverage
Uninsured/underinsured motorist insurance may cover damages to you and your property caused by another driver who either is uninsured or underinsured to cover your damages. This coverage typically pays for medical treatment, lost wages and other damages.
Optional Equipment Coverage
Most comprehensive and collision insurance coverages only cover the factory standard parts on your motorcycle. If you decide to customize your motorcycle, obtaining additional or optional equipment coverage may be needed to cover those parts.
Is a “Lay-up” Right for You?
There may not be a need to fully insure your motorcycle if it's stored for an extended period of time. With a lay-up insurance policy, all coverage except comprehensive is suspended for a specified period of time.