Whether you drive your motorcycle around the Raleigh, NC area casually or take it across the country, it is essential to have a comprehensive insurance policy in place to protect yourself, third parties, and your motorcycle. If you are not sure if you have the necessary insurance in place, reach out to a specialist at Young Insurance Associates Inc today.
When looking at insurance programs for your motorcycle, there are some crucial coverages that you must consider.
Bodily Injury and Property Damage
Bodily injury coverage will help cover the expenses you might owe in the event a third party is injured in a crash that you caused. The third-party can claim that you owe them for medical bills in addition to the loss of income if they are prevented from going to work.
Property damage will cover the cost of the damage to the third party’s property. It is important to note that property damage coverage does not cover damage to your motorcycle.
Each state has minimum requirements for bodily injury and property damage; however, we at Young Insurance Associates Inc recommend considering additional coverage to make sure you are completely covered.
In the event you are sued by a third party as a result of a crash, the minimum liability coverage will not be enough to cover what you owe. Not only could the third party sue for pain and suffering, but the legal fees could quickly add up.
Uninsured drivers: There are many motorcyclists and cars on the road that do not carry adequate insurance limits. Underinsured coverage will help cover the cost of your medical bills and property damage in the event you are in an accident with a driver with no insurance.
Collision coverage: Your motorcycle is a significant financial investment and should be protected as such. Collision coverage will pay to repair or replace the bike in the event you are in a crash. You must specify that you would need replacement coverage for the bike.
If you are interested in learning more about motorcycle insurance, reach out to us at Young Insurance Associates Inc today. We proudly serve the Raleigh, NC area.