What Is Motorcycle Insurance and Who Needs It?
Motorcycle insurance is a type of coverage designed to protect motorcycle owners and riders from financial loss resulting from accidents, theft, or other unforeseen events. Just like car insurance, motorcycle insurance provides liability coverage, which pays for damages and injuries to others if you’re at fault in an accident. RMH Insurance Group provides motorcycle insurance in Middlebury, Elkhart, Syracuse, IN, New Paris, Goshen and surrounding areas.
It also offers protection for your own bike and property, covering repair costs and medical expenses if you’re injured.
Types of Coverage:
Liability Insurance: Covers damage or injuries you cause to others. It’s typically required by law in most places.
Collision Coverage: Pays for damage to your motorcycle resulting from a collision, regardless of who was at fault.
Comprehensive Coverage: Protects against non-collision incidents like theft, vandalism, or natural disasters.
Medical Payments Coverage: Helps cover medical expenses for injuries sustained by you or your passengers.
Uninsured/Underinsured Motorist Coverage: Provides protection if you’re in an accident with a driver who doesn’t have enough insurance or none at all.
Who Needs Motorcycle Insurance?
Motorcycle Owners: Anyone who owns a motorcycle should have insurance to protect their investment and meet legal requirements. Many regions mandate a minimum level of coverage.
Frequent Riders: If you ride your motorcycle regularly, insurance is crucial for safeguarding against potential accidents and damages.
Occasional Riders: Even if you ride infrequently, having insurance ensures you’re protected in case of an unexpected incident.
Motorcycle Enthusiasts: Those who customize or have high-value motorcycles should consider comprehensive and collision coverage to protect their investment.
In many areas, having motorcycle insurance isn’t just a matter of personal safety—it’s also a legal requirement. Riding without insurance can result in fines, license suspension, and out-of-pocket expenses in the event of an accident. Overall, motorcycle insurance provides peace of mind and financial security, allowing you to enjoy your rides with greater confidence.
Would you like to discuss? Please give us a call, or email us!