The standard motor vehicle coverage's are liability, property damage, uninsured/underinsured, collision, comprehensive and medical payment . You can also purchase an umbrella policy for additional protection.
- Liability covers you if you are found responsible for injuring another party with your vehicle.
- Property damage covers you if you are found responsible for damaging somebody else's property with your vehicle.
- Uninsured/underinsured covers you if you are injured by another party whose has no insurance or insufficient insurance to fully compensate you.
- Collision covers repairs to your vehicle irrespective of who is responsible for the damage.
- Comprehensive covers theft of your motorcycle and its parts and damage caused by vandalism and, generally, by flood or fire.
- Medical coverage pays for your medical bills.
- Umbrella insurance provides additional liability coverage for those rare situations in which the damages are extensive.
LIABILITY COVERAGE
Liability insurance covers you for personal injury damages (bodily injury, medical expenses, loss of earnings, and pain and suffering) you cause to someone else.
PROPERTY DAMAGE
Property Damage covers you for damages you cause to someone else's property.
UNINSURED AND UNDERINSURED COVERAGE
Uninsured/underinsured coverage provides coverage if you are injured or your bike is damaged by somebody who has no liability or property insurance or insufficient limits to fully compensate you for your damages. Of course it has to be shown that the other party was at fault. This coverage is extremely important because there are hundreds of thousands, if not millions, of drivers out there with no insurance or with the minimal or low limits. And most people with low limits do not have any assets to go after.
With uninsured/underinsured coverage if you are injured by a negligent driver who has no insurance, your own insurance company will pay for your proven damages up to your uninsured limits.
COLLISION COVERAGE
Collision insurance covers damages to your bike. Make sure you have sufficient coverage to fully repair your bike. We frequently see riders get the short end of the stick because the insurance company will not pay for added custom equipment or a custom paint job.
COMPREHENSIVE COVERAGE
Comprehensive covers theft of your motorcycle and its parts and damage caused by vandalism and generally, by flood or fire. Comprehensive is usually subject to a deductible also.
MEDICAL PAYMENT COVERAGE
Medical payment coverage pays for medical expenses related to the accident up to the limits of coverage. If you have good health insurance, you may want to opt out of this coverage.
UMBRELLA POLICY
Depending on your assets and net worth, you may want to consider an umbrella policy that provides additional liability coverage of, generally, one million or two million dollars above and beyond the limits of your underlying policy. These policies are relatively inexpensive relative to the protection they provide. Generally, you must maintain high underlying limits to qualify.
