Similar to an auto insurance policy. Motorcycle Insurance is comprised of the following coverages:
- Liability Insurance – covers bodily injury and property damage that is caused to other people by you in an accident.
- Collison – pays for damage to your motorcycle if you are involved in a collision with another vehicle. The insurance company pays for damages minus your deductible.
- Comprehensive – pays for damages caused by an event other than a collision, such as a fire, theft, or vandalism. Like collision, the insurance company will pay for damages minus your deductible.
- Coverage for Customized Motorcycle Parts – If you decide to add on any optional accessories, such as chrome parts, custom paint job, trailer or sidecars, check with your insurer to understand the limits of coverage. Many comprehensive and collision policies will only cover the factory standard part on your motorcycle.
Uninsured/Underinsured Motorist Coverage – pays for damages to you and/or your property caused by another uninsured driver. UM / UIM usually pays for medical treatment, lost wages, and in some cases, property damage.