What Does Motorcycle Insurance Cover?

Owning a motorcycle in Ft. Wayne, IN, is not only fun but convenient as well. However, with that excitement, you are also responsible for ensuring you are protected when you hit the roads. If you are unsure which coverage is right for you, Wise Insurance Agency explains some of them and how they protect you.

Bodily Injury Liability

This type of coverage helps cover medical expenses and lost wages resulting from injuries or death of another person when you were at fault. However, note that if you get injured, this coverage will not cover your medical expenses, and you need a separate policy for that.

Property Damage Liability Coverage

If you get into an accident and damage someone else’s property where you are at fault, this type of coverage helps cover the cost of repairing or replacing the damaged items. It can be damage to someone’s car, fence, home, or any other structure.

Medical Payments Coverage

Medical payments coverage helps pay for medical bills like x-rays and ambulance rides arising from injuries to you or your passengers after an accident on your motorcycle. With this coverage, you do not have to go back into your pocket as your insurance company takes care of these expenses.

Collision Coverage

This type of coverage is particularly important when your motorcycle gets damaged in a collision with other objects like a tree, a car, a building, or another bike. Collision coverage will help cover the repair or replacement costs for your motorcycle.

Comprehensive Coverage

Any damage to your vehicle that is not a result of a collision is covered under comprehensive coverage. This includes things like theft, vandalism, wind, and flooding. If your vehicle suffers damage from those risks, this policy helps cover the resulting expenses.

Getting motorcycle insurance is crucial if you want to feel confident on the road. Residents of Ft. Wayne, IN, who are looking for coverage that will meet their needs can contact Wise Insurance Agency for assistance on choosing a policy.

How Does Motorcycle Insurance Work?

Here at the Wise Insurance Agency serving the Ft. Wayne, IN area, we’ve seen time and time again just how important motorcycle insurance can be. Please keep reading to learn more about motorcycle insurance, including what it is, who needs it, and where to find the best policy. 

What Is Motorcycle Insurance?

Motorcycle insurance provides coverage in much the same way as regular auto insurance. If you own a motorcycle and are involved in an accident, your motorcycle insurance policy would kick in and help pay for damages and medical expenses. Some motorcycle insurance policies also provide coverage for damages such as those endured from theft. 

Who Needs Motorcycle Insurance?

Anyone who owns a motorcycle will greatly benefit from having motorcycle insurance coverage. If the motorcycle is involved in an accident or stolen, then an insurance policy may be able to compensate for some or all of the loss.

Is It Required by Law to Have Motorcycle Insurance?

It may or may not be required by law for you to have insurance on your motorcycle. The exact laws that apply to you and your situation depend on where the motorcycle is registered with the DMV. It also matters where you will ride the motorcycle. Different states have different laws, so it’s generally best to speak with an insurance agent to identify your exact needs for motorcycle insurance. 

Where Is the Best Place to Find Insurance for a Motorcycle?

If you would like to learn more about motorcycle insurance, please contact the Wise Insurance Agency serving the Ft. Wayne, IN area today. One of our agents can help you customize a policy that meets your exact needs.