1. You Need Personal Injury Protection (PIP)
All vehicles with four or more wheels (cars and trucks) in Florida are required to carry $10,000 of PIP, which will cover the driver for medical bills and lost wages in the event of an accident. Motorcycles are excluded from the requirement, but you take advantage of that exclusion at your own risk.
Not only is the risk of an accident extremely high when you drive a motorcycle, but the odds of it being a serious or even life-threatening injury are much higher than with automobiles.
It doesn’t make sense to take greater risks and yet go completely unprotected by motorcycle insurance.
2. Liability Risks Are Also Too High
You could conceivably use PIP protection from your health insurance policy instead of from a motorcycle insurance policy, but of course, that’s less protection than if you had both. Plus, we haven’t even gotten into liability risks yet.
Bodily injury and property damage liability coverage are essentials when you cruise Florida’s dangerous, crowded highways and streets on a motorbike. Even though Florida is a no-fault insurance state, that doesn’t mean fault is always irrelevant.
If liabilities exceed the other driver’s coverage limits, you could be sued for the difference. Your insurance could pay for that instead of it coming out of pocket. And the more coverage you purchase, the less risk of facing a lawsuit in the aftermath of a motorcycle accident.
3. You Want Your Passengers To Be Covered
When you think about it, buying a motorcycle policy is about more than just protecting yourself and other drivers. It also means buying coverage in case anyone else riding on your bike with you is injured in an accident.
Both PIP and Medical Payments coverage can help protect your passengers as much as they help protect you.
4. Your Bike Is Expensive And Worth Insuring
Add collision and comprehensive insurance to pay for damage to your bike or its total loss in a collision or due to fire, theft, vandalism, foul weather, and more.
After investing thousands of dollars in a valuable motorcycle you plan to use for years to come, you don’t want to lose or damage it in an accident and end up unable to replace/repair it promptly.
5. Other Drivers May Be Uninsured
Even if you are responsible enough and have enough foresight to buy at least a basic motorcycle insurance policy, that doesn’t mean all other bikers and/or drivers on Floridian roads will do the same.
When others fail to buy insurance and get into an accident, that leaves you holding the bag. You could be forced to sue – and that’s always slow and messy. Far better to buy uninsured & underinsured driver coverage with your motorcycle policy.
For further guidance on why it makes sense to buy motorcycle insurance and how to formulate your perfect policy, contact the experts at Flagler County (FL) Insurance Agency today!