Letting your good friend go for a ride on your new motorcycle seems like a harmless idea. However, there are complications if he crashes or damages it. You may think your friend’s insurance coverage will cover the damages when that’s not actually the case.
Before you let your friend ride your motorcycle, evaluate your motorcycle insurance policy. Motorcycle insurance covers you if your vehicle is damaged in a collision. Comprehensive coverage protects your bike against unique situations, such as a potential theft attempt or if your vehicle is damaged due to rough weather. Liability coverage is important due to the basic risks associated with operating a motorcycle. You are covered if your bike accidentally damages someone’s property or if you accidentally injure someone.
Review Your Insurance Policy Before Giving the Keys
Generally, if your friend borrows your automobile and damages it, your insurance will cover it. A key rule is that the insurance follows your vehicle instead of you. Motorcycle insurance works this way as well. Even if you weren’t riding your motorcycle when it suffered damage, you would still be protected through your insurance. If the damage is substantial, your friend’s motorcycle insurance may come into play. However, their insurance may only cover any injuries that they sustained and not your motorcycle. Keep that in mind before you hand over the keys. If your friend doesn’t have insurance, you may be left handling the damage by paying out of pocket, depending on your policy.
Ensure That Your Friend Has a Valid Driving License
When a friend asks you if they can borrow your car, you will usually say yes without hesitation. You have no reason to question whether or not they have their driver’s license. However, things are different regarding motorcycles. Before you hand over the keys, make sure that your friend is legally allowed to operate a motorcycle.
If your friend doesn’t have a license, your insurer will take note. They might reduce your claim depending on the severity of the damage. It doesn’t matter if your friend didn’t cause the accident. The fact that they should not have legally been operating your motorcycle is a red flag against you. The insurance company could decline to cover a portion of your damages. In some cases, your claim may be completely denied.
Your friend may be fined for operating a vehicle without a license. Your motorcycle may even be impounded. If your friend causes property damage or bodily harm while riding your motorcycle, you may be personally liable for the costs.
In order to qualify for a motorcycle license, the rider must be at least 16 years old and hold a driver’s license. For beginners, acquire a learner’s permit. You will need a driver’s license, and you have to pass a test to qualify for a permit. Keep in mind that permits are only valid for a year. You’ll have to renew your license when your driver’s license expires.
Consult with Family Financial Insurance Group
Before you let your friend operate your motorcycle, make sure that they have their license. Research your motorcycle insurance policy to make sure you are fully aware of everything that is covered. If you have any questions, the experts here at Family Financial Insurance Group will assist you.