Is Motorcycle Insurance Important?

Owning a motorcycle can be thrilling, but it also entails significant responsibility. Accidents can happen anytime, and the costs of recovery can be high. With adequate motorcycle insurance, you may be financially protected in case of an accident or other unfortunate incidents.

Why Is Motorcycle Insurance Important?

Motorcycle insurance is essential because at least some type or amount of motorcycle coverage is required in many states. Riding without it can lead to hefty fines and legal penalties. More importantly, motorcycle insurance may cover various risks, including accidents, and may protect riders from potentially severe financial burdens. This is crucial given that motorcyclists are at a much higher risk of fatal crashes compared to car drivers.

What Does Motorcycle Insurance Cover?

Motorcycle insurance policies can vary, but standard policies usually include the following coverages:

• Liability coverage may cover bodily injury and property damage you may cause to others in an accident. This is usually required in most states and can cover medical bills, lost wages and repair costs for others’ property.

• Collision coverage may cover damage to your motorcycle if you’re involved in an accident, excluding your deductible.

• Comprehensive coverage may pay for damage caused by events other than collisions, such as fire, theft or vandalism.

• Uninsured/underinsured motorist coverage may cover damage to you and your property if you’re in an accident with an uninsured or underinsured driver. This typically includes medical expenses and lost wages.

• Optional equipment coverage may cover additional or optional equipment on your motorcycle if you customize it, which is not usually covered under comprehensive and collision coverage.

Your policy may offer more benefits than those listed above. Speak with an insurance expert from Cashway Auto Insurance to learn more about motorcycle insurance options.

Who Offers Motorcycle Insurance?

With Cashway Auto Insurance, you can customize your motorcycle insurance to suit your lifestyle and financial goals. Contact us today to find the right coverage for your needs.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.