What Does Motorcycle Insurance Cover?

During an accident, motorcycle insurance covers physical damage and liability. Liability coverage typically amounts to around $300,000, which is the maximum amount that the insurer will have to pay if the insured is at fault in an accident. Physical damage coverage typically amounts to around $10,000 and will cover the cost of repairing your motorcycle in the event of an accident.

Consult Carminucci Agency if you need expert insurance advice in the greater Croton Falls, NY area. 

Motorcycle Insurance: What You Need To Know

Motorcycle insurance covers all types of personal injury, medical bills, and property damage that you might incur in an accident. It also covers the cost of your motorcycle in the event of theft or other property damage. Collision coverage covers the cost of repairing your motorcycle in the event of a crash, regardless of whose fault it was. 

Standard motorcycle insurance plans cover personal injury and property damage liability, both of which are mandatory for riders in the majority of states. You can buy from a long list including collision and comprehensive. Most policies offer an option to increase your liability coverage, which is typically quite inexpensive. Depending on the insurer, other policies can cater to roadside assistance, towing and rental payments.

There is a cap on the total amount of money that a motorbike insurance coverage will pay out to others for physical injury and damage to property, respectively, in the event of an accident. Each individual accident has a claim limit for the amount of personal property responsibility that can be paid out. For instance, if a motorcycle were to smash into the side of a car and cause damage to it, this would pay the expenses of repairing the vehicle up to the maximum that the rider had selected. 

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Motorcycle insurance, just like auto insurance, serves to protect you financially in case of an accident or your bike sustains damage while operating it. If you own more than one motorbike, you should consider purchasing multi-bike insurance from your insurer so that you may qualify for a multi-bike discount. Carminucci Agency is here to serve you in the greater Croton Falls, NY community.