Anyone who rides motorcycles understands that a rider’s bike is one of their most prized possessions. For millions, motorcycles aren’t just a fun way to get around; they are a lifestyle. One that has attracted and maintained the attention of millions, creating demand for insurance that explicitly covers riders and their bikes. A web search will reveal several web pages for motorcycle insurance and other insurance services, but before you get too far, consider what full coverage really means for you as a motorcyclist. Full coverage essentially combines a comprehensive and collision policy to offer greater protection in the event of an accident. Before you hit the road with your steel horse, you should know that full coverage isn’t a real insurance term. Learn what full coverage is, what it’s not, and any important gaps in between.
Liability Insurance
Liability insurance is the bare minimum coverage required to be street legal. This insurance covers you if you are at fault in an accident; the policy covers any damages or bodily injuries to the other party. Think of it as the standard you should carry to adequately protect yourself from any liabilities that may arise. This policy has limitations, including that if you are in an at-fault accident, your insurance company will only pay what is outlined in your policy. If the cost of injuries and damages is more than what your policy covers, you are responsible for the remaining balance.
Collision Coverage
Collision coverage offers you far better protection than liability insurance. This type of policy covers the repair or replacement of your bike after an accident. If you are looking for coverage that protects you and your bike, collision coverage is something you should discuss with your insurance provider. Be sure to discuss what your provider’s collision coverage entails. Most collision coverage does not cover any damage to your motorcycle that did not stem from riding, such as theft or vandalism.
Comprehensive Coverage
Comprehensive coverage is the highest level of insurance available for motorcycles and is what most consider full coverage. This protection covers you whether you are at fault or not. It covers all damages to your bike, even if a full replacement is necessary. It also covers problems like fire, theft, vandalism, or naturally occurring events that do not usually fall under the purview of lower coverage policies.
Full Coverage
Full coverage is a commonly used term for insurance that combines multiple policies. The term “full coverage” isn’t an official term for a single policy. The term full coverage refers to a bundled policy that includes comprehensive and collision coverage. This means you get all the coverage of both under one policy.
Ride Smart, Ride Protected
Just like when you gear up to ride, your main goal is to protect yourself in case of an accident. Think of insurance and its coverage like gearing up for your wind therapy session. Each piece of body protection isn’t sufficient to protect you in case of a serious accident on its own. But when you put on your leathers, gloves, helmet, and riding boots, you are taking all the necessary steps to protect your body. Every level of insurance works the same. Basic policies only protect you so much, but when they are bundled into a single cohesive policy, you gain full protection for you and your bike.
Keep the wind therapy going, don’t leave you and your motorcycle unprotected. Give a call today to see how we can keep you riding on two wheels.