If you ride a motorcycle, you need the protection a motorcycle insurance policy will provide. Not only will it give you (and your loved ones) peace of mind, most states require that a rider has motorcycle insurance. A Colstan & Associates Motorcycle Insurance policy will protect your you, your bike and your passengers as well as your gear and accessories against damages that may occur in the case of an accident.
Whether your motorcycle is customized or classic, whether it’s a street or dirt bike, a standard or touring bike, a cruiser or two-wheel model, when you purchase an insurance policy for your vehicle, these coverages are standard:
- Bodily Injury and Property Damage Liability
Damages to other vehicles, fences, mailboxes, signs and other property, and injuries sustained by other drivers/motorcyclists and passengers are all covered. In the event that you are sued, this will also pay for your legal expenses.
- Comprehensive and Collision
This guarantees coverage of repairs or replacement of your motorcycle in case your bike is stolen or damaged. Of course, you do have your choice of deductible options, which will ultimately determine how much you pay out-of-pocket.
- Uninsured/Underinsured Motorist
If the accident is not your fault, obviously, the other driver is responsible and should pay for damages. But what if they don’t have any or enough insurance? That’s where this coverage comes in. You will be protected because it will pay for damages to your motorcycle, plus cover your medical bills and any loss of wages you experience due to the accident.
- Medical Payments
Whether an accident is your fault or someone else’s, this will pay for the medical bills incurred by you or your passengers. There is a range of coverage limits that you can choose.
Of course, you always have the option of adding additional coverage. A Colstan & Associates agent will work with you determine what additional coverages are best suited for you. To help you get started, here are some of your options:
- Total Loss Coverage for New Bike
A good option if your bike is no more than one model year old on a new policy and two model years old during a renewal of a total loss coverage policy. In the event your motorcycle is totaled, you get the full manufacturer’s suggested retail price for a brand new bike, less your deductible.
- Personal Belongings
Chances are you carry various personal items with you when you ride, including cell phones, clothing, equipment for camping or hunting, etc. If any of your belongings are damaged, stolen or lost, this will cover those losses.
- Roadside Assistance and Trip Interruption
If you breakdown while riding, as long as you are within 100 feet of the road, your bike will be towed to the nearest repair shop at no cost. Once you have Roadside Assistance coverage, you may want to consider adding Trip interruption coverage since it will pay for food and lodging expenses up to $500 (Roadside Assistance must be purchased first).
- Enhanced Injury Protection
This will pay you up to $250 every week for two years if you are injured and unable to work due to a motorcycle accident. Built-in life insurance will also be added to this so in the case of a fatal accident, your beneficiaries will receive $25,000.
- Disappearing Deductible
Your deductible will be reduced by 25% for every policy term you don’t file a claim, meaning your deductible could go down to $0. If you do have a claim, your deductible returns to its original amount at the next renewal. (This coverage is not available in every state.)
Contact a Colstan & Associates agent today to discuss purchasing a Motorcycle Insurance policy.