Nothing quite beats the feeling of the wind blowing past your face while you’re cruising on the back of your two-wheeled ride. As the owner of a motorcycle, you need coverage that is equally unique as your bike it. Whether you have a custom chopper, an old Harley, or a flashy sports bike, we here at Krog Insurance know what it takes to protect you and your bike when the rubber meets the road.
How Much Coverage Do You Need?
There is no one-size-fits-all motorcycle insurance policy. Your needs are unique depending on the type of bike you own, where you ride, how often you ride, and the number of miles you put on your motorcycle each year. You could opt for the least coverage possible to satisfy state requirements, but you could be putting your finances and future in grave danger in the event of an accident or unexpected loss. Instead, we recommend choosing a well-rounded motorcycle insurance policy that includes adequate coverage for everything you need, from bike damages to liability.
Types of Motorcycle Coverage
Several different coverages make up a typical motorcycle insurance policy. These include:
Property Damage Liability
If you run into another vehicle or damage the storefront of a local business, you might find yourself stuck with major repair bills. In some cases the damages can total tens of thousands of dollars – much more than what is covered by state minimum coverage limits. We recommend selecting high property damage liability limits that can take care of extensive losses when you are at-fault for third-party property damages.
Bodily Injury Liability
If you injure one or more people in a car accident, you can be held liable for the medical bills, lost wages, and other related expenses. Even if you win your case, the cost of court fees and legal defense bills can add up quickly, draining your account of the money you worked so hard to earn and save. With the right bodily injury liability coverage, you’ll have peace of mind knowing your insurance will take care of your liabilities and legal expenses up to the limits in your policy.
Bigger risks call for better coverage. Since motorcycles are more likely to be involved in collisions than larger vehicles, make sure you have collision coverage to pay for bike repairs if you layover your bike, hit another vehicle, or have a run-in with an object, such as a tree. Regardless of whether you or someone else was at-fault, collision coverage can help compensate you for your loss.
You don’t have to be riding to experience a loss. Imagine discovering that your motorcycle has been stolen or that a big storm caused a tree to fall on it. If you have comprehensive coverage that covers non-collision events, you have peace of mind knowing that your insurance will pay for repairs or compensate you for the loss.
If you’ve made some upgrades to your bike, check to make sure they are covered under your motorcycle insurance policy. Some companies include limited coverage for after-market parts and special equipment by default, but you may need to purchase additional coverage if you have extensive upgrades and enhancements.
Uninsured/Underinsured Motorist (UM/UIM)
When motorists drive without insurance, they are not only breaking the law but also putting others in danger. If you are injured by an uninsured driver, your uninsured motorist (UM) protection can help pay for your medical expenses. If you are injured by a driver who has some insurance but not enough, your underinsured motorist (UIM) protection can help fill in the gaps.
When an accident leaves you or a passenger injured, the only thing on your mind is getting the medical attention you need. Medical payments coverage provides limited reimbursement for necessary medical expenses if you are injured in an accident. It does not require the establishment of fault, although you can still pursue compensation from the other driver’s insurance if you believe yourself to be a victim.
Towing and Assistance
Sometimes motorcycles break down. When you need roadside assistance or towing, your insurance can provide coverage for the labor expenses and related charges.
If your bike needs to be repaired after an accident and you do not have access to another vehicle, you may need to rent a car until your motorcycle is returned to you. With temporary transportation coverage, you can receive compensation for the cost of renting a car while you bike is in the shop.
Choosing a Policy
At Krog Insurance, we know there are many places you can find motorcycle insurance. Instead of limiting your coverage options with a policy from a single insurer or attempting to build your own policy online, we recommend working with an independent agent instead. When you choose Krog Insurance, you are getting the one-on-one assistance and support you expect from an agent without the pressure of purchasing coverage from any specific company. Instead, we can provide quotes from multiple insurers so that you can compare your options and ensure you are getting all the coverage you want and need.
We can also show you how easy it is to save money on your motorcycle insurance without sacrificing the quality of your coverage. You could raise your deductible, take a motorcycle safety course, or find out if you qualify for special savings. Some insurers offer discounts for:
- Low mileage
- Mature riders
- Joining a rider’s association
- Insuring multiple motorcycles on the same policy
- Purchasing other lines of coverage in addition to your motorcycle insurance
- Remaining accident-free
- Paying your premiums in full
- And more
If you are getting ready to purchase a motorcycle or are simply looking to improve your existing coverage, let us show you how we can help you save. Contact Krog Insurance for more information and to request your free quote today. We look forward to serving you soon.