The Ins and Outs of Motorcycle Insurance
Whether you love the thrill of riding a motorcycle or you have switched to a bike for your work commute to save on gas, there is no denying that the world looks different on a motorcycle.
If you ride a motorcycle, then you need an insurance policy that protects you and your investment. Understanding what coverage is available and even more importantly, what coverage is legally mandated, can ensure that you enjoy your bike for years to come.
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What Coverage Do You Have to Have?
In most states, including Nevada, motorcyclists are required to have the same liability insurance that car owners have. Liability insurance is the coverage that pays for damages done to the other person or their property if you are responsible for an accident. Liability requirements vary by state. In Nevada, all drivers must have at least:
- $25,000 for bodily injury or death of one person in an accident
- $50,000 for bodily injury or death of two or more people in an accident
- $20,000 for property damage
As is the case with auto insurance, these limits are the minimum and should not be considered the default standard – it is generally a good idea to purchase the best liability coverage you can afford. No one plans to get into an accident, but if the unexpected happens, your motorcycle insurance can save you a lot of money.
Other Motorcycle Insurance Coverage Options
Liability insurance may be the only coverage that you are legally required to have, but it is not the only coverage available. Motorcycle insurance has similar coverage to auto insurance. Depending on your driving habits and exposure to risk, these options are worth considering:
Collision coverage. This type of coverage pays for damages that your motorcycle incurs if you are responsible for a collision. Your collision coverage pays for damages up to your policy limit.
Comprehensive coverage. Comprehensive coverage takes care of losses that result from anything other than a collision. If your bike is stolen or vandalized, your comprehensive coverage pays to repair or replace it.
Personal injury protection. This coverage pays for medical bills that result from a collision. Because motorcyclists have a higher rate of accidents and injuries, not all auto insurance companies provide this coverage. To find out if this coverage is available, talk to an insurance agent.
Add-on options. Roadside assistance, coverage for custom parts and transport trailer coverage are some options that you may be able to add to your policy.
Nevada Insurance Enrollment Helps Your Build the Right Policy
It is easy to underestimate your motorcycle or auto insurance needs, but as too many drivers discover, this can be a costly mistake. If you are in an accident and the damages exceed your policy limits, then you are on the hook for making up the difference. At Nevada Insurance Enrollment, auto insurance agents specialize in helping you find the right coverage for your motorcycle for a monthly premium you can afford.
Read More: Auto Insurance in Las Vegas, Nevada
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DISCLAIMER: It is important to note that the information contained herein is made general for the purpose of explanation. You should consult your policy for exclusions or other language that may alter your policy.