What Is Liability Insurance?
If you have liability insurance, you are protected if you cause an accident resulting in property damage to another person. You are also protected if they sustain any injuries. Without this insurance coverage, the motorcyclist who caused the accident will pay all expenses out of pocket. This financial burden can result in motorcycle drivers working the rest of their life to pay for someone else’s injury and property with no end in sight. You might assume that since the motorcycle is smaller, there can not possibly be any damage to other vehicles. While it is unlikely for a bike to cause extreme damage, minor damage can still manifest. You must also consider pedestrians and cyclists on the road. They can sustain severe injury and damage if involved in an accident with a motorcycle. After an accident, this coverage will cover damage to another vehicle up to the maximum policy limits. Insurance policies will cover injuries to a degree. Remember that it does not cover injuries and damage to the motorcycle or the bike’s driver.
What is Collision Insurance?Collision insurance is similar to liability insurance. The critical difference is collision insurance will also cover motorcycle repairs. This insurance coverage is only usable when the motorcycle driver causes the accident. You will also access this coverage if an outside force that no one could foresee caused the accident. A factor outside of the driver’s control is dangerous weather. While you can repair your motorcycle with this insurance coverage, drivers will still need to pay the insurance deductible. You will also need to work with a certified repair shop the insurance company refers you to.
What is Comprehensive Insurance?This coverage option is similar to collision insurance but covers situations where the motorcycle is damaged, but another vehicle is not involved. Some common examples include:
- Falling trees
Personal Injury Protection (PIP)Another coverage option that can help you cover immediate costs associated with the accident is PIP coverage. PIP policy benefits can cover lost wages and some medical expenses. There must be an injury present to tap into this policy benefit, and there are also limits to consider. Many drivers are already familiar with this insurance coverage.
Uninsured/Underinsured Motorist CoverageSome insurance companies offer underinsured or uninsured motorist coverage. Even though all drivers on the road must carry insurance, many do not. While there are steep penalties for not having insurance, drivers will still get on the road. In the unfortunate event that you’re involved in a motorcycle accident with an uninsured motorist, you can tap into these benefits. While you have the option to pursue compensation from the negligent party individually, it is unlikely you can recover much. If the other person cannot afford car insurance, they cannot afford to pay you for your damages out of pocket. The same is true for a driver who does not have sufficient insurance coverage. Your insurance company can advise you on what coverage and how much compensation you can obtain after an accident with an underinsured driver. While they have some, the other driver will likely reach their policy limits quickly after a severe accident. Luckily, you can tap into this coverage when their policy reaches its limit.
Other Motorcycle Coverage AvailableOther coverage options are specific to motorcycle drivers. These are specific to motorcycles, and not every insurance company offers them. You need to check with your insurance provider to ensure they offer these coverage options.
- Added equipment coverage: This coverage option works alongside comprehensive converge to cover the costs of personal items. If you have any accessories like helmets, seats, and radios, this will fall into this category.
- Original equipment manufacturer parts coverage: Motorcycles need to use original parts to run. This coverage option ensures that any replacement parts used are authentic and manufacturer-specific when an accident happens.
- Personal item coverage: Like cars, motorcycles have places to store personal items. These items are susceptible to sustaining damage or even becoming unrepairable. You will have to replace these times, especially if they are critical to your daily life. A motorcyclist can recover compensation for any personal items lost or damaged in an accident.
- Passenger liability insurance: If you have a passenger riding with you during an accident, they may also sustain injuries. Guest liability insurance is specific to passengers on motorcycles. It can cover lost wages and medical expenses that passengers incur. Not every state requires this coverage, but it is an excellent option.
Do You Need a Motorcycle Accident Attorney?A motorcycle accident attorney is a must-have after an accident. Many motorcycle riders and other drivers on the road do not feel they need an attorney after an accident. This thought process is typical in minor accidents. While the insurance company is supposed to work for you, they often do not. Without a motorcycle accident attorney on your side, you can leave thousands of dollars on the table and lose your ability to file a claim. A local motorcycle accident attorney wears many hats and can:
- Investigate your accident: One of the primary roles of a motorcycle accident attorney is to investigate your claim thoroughly. Your insurance company will conduct its investigation, which often does not paint a complete picture of the circumstances. Some concerns the insurance company will attempt to address are:
- How the accident happened
- What factors contributed to the accident
- Your injuries and treatment
- Damage to the motorcycle and estimated costs
- Financial losses resulting from the accident
- Negotiate: Another benefit of having a local motorcycle accident attorney is their role in negotiations. After an insurance investigation, the company will offer an initial settlement. You can accept this offer and be issued a check, or you can decline this offer and submit a counter offer. Most motorcyclists are unfamiliar with how to negotiate, but a motorcycle accident attorney is not. An attorney can submit a counteroffer and work to negotiate on your behalf until you reach a fair settlement offer.
- Represent you in litigation: If you cannot reach a settlement covering all of your expenses, the motorcycle accident attorney will move your case into litigation. The attorney can represent your interests through the entire litigation process. Remember, a case can settle before ever reaching trial, so do not fear the litigation process.