What is motorcycle insurance?
Motorcycle insurance is a specialized policy designed to protect motorcycles and their riders. It offers financial protection in case of accidents, theft, or other unexpected events. This type of insurance can also cover medical expenses, liability for damages you may cause to others, and more. Motorcycle insurance is essential in Florida, not only for legal compliance in many cases but also to safeguard yourself while riding through the state’s diverse roads and weather conditions.
What does motorcycle insurance cover?
Motorcycle insurance typically includes the following coverages:
Liability
Covers costs if you’re legally responsible for injuries or property damage in an accident.
Collision
Pays for repairs to your motorcycle if it’s damaged in a collision, regardless of fault.
Comprehensive
Protects against non-collision-related damages, including theft, vandalism, fire, and weather-related events like storms or hurricanes.
Uninsured and Underinsured
Covers expenses if you’re in an accident caused by a driver with little or no insurance.
Medical Payments (MedPay)
Helps cover medical costs for you and your passengers after an accident.
Roadside and Rental
Added coverage options include rental cars in the event of an accident and roadside assistance.
What doesn’t motorcycle insurance cover?
- Intentional Damage: Any damage caused intentionally by you or someone else.
- Events Above Policy Limits: Costs beyond the maximum coverage amount.
- Racing or Stunting: Injuries or damages incurred while racing or performing stunts.
- Wear and Tear: Standard maintenance or mechanical breakdown due to regular use.
- Excluded Riders: Accidents caused by individuals not listed on your policy.
What are the right questions to ask to find the best motorcycle insurance?
- What coverage is required in Florida?
- Does the policy cover my motorcycle if it’s stolen or damaged by hurricanes or floods?
- What level of liability insurance do I need to protect my assets?
- Are passengers covered under my plan?
- Does my policy include uninsured/underinsured motorist protection?
- Can I add coverage for custom parts or accessories on my bike?
- Are there any discounts for safe riders or motorcycle safety courses?
- Can I bundle my motorcycle insurance with other policies for savings?
- What is the claims process and how long does it take?
- Are there any exclusions I should be aware of in my policy?
