1. Basic Liability Motorcycle Insurance
Although it is not legally required to purchase motorcycle insurance in the state of Florida, it is the most practical way to protect yourself, others, and your bike. Plus, your lender may require you buy coverage up until you fully pay your new bike off.
In Florida, you are required (in one way or another) to carry $10,000 PIP (personal injury protection) and $10,000 property damage liability on your bike. This can be done through health insurance or, more commonly, via your motorcycle policy.
PIP pays for injuries caused by a motorcycle accident, regardless of who was at fault. Bodily injury liability is, thus, involved. And property liability covers damage you do to someone else’s property – but not to your own.
2. Covering Yourself & Your Bike
Beyond PIP coverage, you can add medical payments insurance to your motorcycle policy. This is often a wise move because PIP may not be enough, and medical payments will pay for injuries you sustain in a crash not covered by PIP (if your PIP has a $10,000 limit.)
To protect the investment you’ve made in your bike, you may want to add collision and comprehensive coverage. This works just like in car insurance, helping you repair or replace your motorcycle after a collision accident, theft, act of vandalism, or other covered incident.
3. Protecting Yourself From The Uninsured
There are far too many drivers and riders out there on Florida highways who are going it without any motorcycle or auto insurance. Not everyone is responsible like you!
For a small additional premium charge, you can protect yourself from them with uninsured and underinsured motorist coverage for motorcyclists. This covers you if the other driver was at-fault but can’t pay because he/she had no insurance.
Pursuing a lawsuit might be time-consuming and costly and only worthwhile for extreme cases, but uninsured/underinsured cover can fill in the gap much more conveniently and cheaply!
4. Other Possible Insurance Riders
Besides what we’ve looked at so far above, there are numerous other less common coverage types available with motorcycle insurance.
This includes accessory (custom parts and equipment) coverage to cover things like sidecars, trailers, antennas, leather jackets, helmets, customized parts, custom paint jobs, and more. Also available are motorcycle roadside assistance, trip/travel insurance, storage coverage, and trip interruption insurance, which covers things like hotels and eating out while waiting for repairs to be completed that have “interrupted” your trip.
Be sure to ask your local motorcycle insurance agent about other specialized coverage types because you never know if there’s a rider that will be 100% worth it to you, given your usage patterns and preferences.
In Central Florida, contact Flagler County Insurance Agency today to learn more about all the different types of motorcycle insurance or to get a free, no-obligation quote from an experienced agent!