How Does a Passenger Impact Your Motorcycle Insurance?

While motorcycles are popular assets, there are risks involved with operating them. Similar to auto insurance, one wrong bump or slip on a wet road could lead to an accident. Motorcycle insurance is designed to protect you in these situations. Here’s a look at the different types of motorcycle insurance coverage.

  • Types of Liability Coverage

    In most cases, you are legally required to purchase liability insurance in order to operate your motorcycle. Liability insurance protects you if your motorcycle causes damage. Bodily injury coverage protects you if your motorcycle injures a driver or a citizen, and the liability coverage takes care of their medical treatment. In some cases, bodily injury coverage protects you if a passenger on your motorcycle suffers an injury. Property damage liability coverage protects you if your motorcycle damages someone’s property. The liability coverage would help pay for the damages. It’s recommended that you check with your insurer, as many states require motorcycle riders to adhere to a minimum liability coverage limit.

  • Full Coverage

    Obtaining full motorcycle insurance coverage can prevent you from going into debt if something happens to your motorcycle. Collision coverage protects you if your motorcycle is damaged due to an impact with an object or vehicle. The coverage will assist with the necessary repairs. Comprehensive coverage protects you if your motorcycle is stolen, vandalized, or damaged due to severe weather. Remember that you will likely be required to cover a deductible before the insurance handles the remaining balance. While purchasing full coverage isn’t required, you may be obligated to purchase full coverage if you are financing your motorcycle.

  • Handling Your Personal Injuries

    You can add medical payments and Personal Injury Protection to your motorcycle insurance coverage to cover you if you suffer an injury while operating your motorcycle. Medical payments coverage will take care of your medical treatment and rehabilitation. Personal Injury Protection is available in some states. PIP covers any injuries that your passenger sustains. The policy is similar to Med Pay Coverage, except it also helps cover your lost income from work and funeral expenses if a tragedy occurs. It’s recommended that you check with your insurer to determine your passenger coverage limits.

  • Equipment Coverage

    Adding equipment coverage gives you a safety net if your motorcycle is damaged due to a covered loss. You will receive assistance replacing or repairing your motorcycle. Generally, the policy relies on the parts’ actual cash value. Your custom parts coverage has a policy limit if you have a custom motorcycle. If the damages exceed the policy limit, you will be responsible for paying the difference.

Consult With Family Financial Insurance Group

The type of motorcycle insurance coverage you need depends on multiple factors. Take time to figure out which coverages align with your needs. If you have questions about your motorcycle insurance policy, contact our team at Family Financial Insurance Group, and we will assist you.

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