Motorcycle Insurance Articles
How To Evaluate The Capabilities Of Your Motorcycle Insurance Provider
2010-12-01
Not every state requires motorcycle owners to carry insurance but it makes good sense for every rider to have the best motorcycle insurance that he or she can. So how can you know if the insurance provider you are considering can offer the protection you need and how it compares to others? Here is some information that can help you decide.
One important reason to have coverage is to provide protection against the potential loss of your personal assets in the event of an accident in which you are at fault. This can happen in several ways but the two most common are the medical expenses that can result from any accident whether serious or minor and the likelihood of being sued by a person who is injured in the accident. Be sure that your insurance provider can do this for you and has a good track record of paying claims promptly and in full. There are many ways to get this important information online.
Many drivers today are uninsured or under insured. Motorcycle accidents tend to be serious, create huge medical bills and often lead to loss of income due to injury. The best motorcycle insurance should offer protection against uninsured motorists. This will protect you from financial obligations that arise from an accident that was caused by another driver. He does not have insurance and may not be able to pay for your losses even if you sue him. If you have this coverage your insurance provider will.
Learn if your insurance provider can offer income loss protection. This is a very convenient type of coverage that pays you an income when you are unable to work as a result of an accident. It applies whether you are involved with another driver or if you lose control of your vehicle and fall or hit a tree. The money you receive while recuperating can be the difference between paying your bills and keeping your home or losing it all. Not all companies offer this service but the best motorcycle insurance will.
Look for a bike rental clause in your policy. This extra benefit comes in handy when your motorcycle is out of commission due to a breakdown or a wreck. Basically the insurance company will foot the bill for a rented bike while yours is out of commission. This is the kind of thing that you won't miss until you need it and then it is suddenly important.
Motorcycle insurance may not be mandatory but it is smart. You can protect yourself and your assets by finding a policy that addresses your specific needs. They are not all the same so do your homework.