Types Of Motorcycle Insurance Policies

Motorcycle insurance policies protect your vehicle from liability risks and other concerns. However, it can be a challenge to identify the right type of policy for your situation.  

By researching different policies, you can clarify your options and find strong coverage. 

Basic Liability Coverage 
A basic motorcycle insurance policy follows the state and local laws in your area. Most states require minimum coverage. This minimal coverage can vary depending on your location and local laws. Generally, it only covers liability and personal injuries in an accident. Some policies also cover uninsured drivers. 

In some cases, a basic policy does not cover damage to your motorcycle. It also usually sets a limit on the coverage for injuries and liability. That said, the policy tends to cover accidents you cause on the road. 

Comprehensive Policies 
Comprehensive motorcycle insurance policies offer more than the minimum coverage. They usually cover liability risks, personal injuries and motorcycle damage in an accident. They may also cover vandalism or theft. 

The details of a comprehensive policy depend on your insurance provider. The policy will cover minimum standards, but it will also add to the basic policy. This can mean additional protection. 

The exact situations the policy covers may vary. Read the policy details to determine any exceptions or limitations in your policy. Exceptions apply to specific situations and the policy often clearly states the exceptions. 

Specialized Policies 
Motorcycle insurance policies are not limited to comprehensive or basic options. You also have specialized policies that focus on specific situations or factors. 

Young riders may have policies for their age group. These policies focuses on 18 year old riders or those within a set age range, such as 18 to 25 years old. The policies recognize that younger riders have less experience and a higher risk of accidents. 

Military motorcycles need specialized coverage. This coverage specifically focuses on risks associated with military service. The policy includes the possibility of bringing a bike into a combat area. 

Classic motorcycles also need specialized policies. These policies focus on risks to classic vehicles. They can cover motorcycle shows and related uses of the vehicle. They also may limit the number of miles you can ride the motorcycle in a year. 

Buying an insurance policy to protect your motorcycle gives you peace of mind. The challenge is ensuring that your coverage fits your specific needs. Get a policy that protects you financially and ride freely.