4 questions every rider should ask about “full coverage” motorcycle insurance

By William J. Price

motorcycle theftYou’ve probably had an insurance salesperson try to sell you a “full coverage” policy for your motorcycle. You may even think you have one.

Unfortunately, full coverage insurance is one of the biggest myths in the motorcycle community. The truth is there’s no such thing as too much motorcycle coverage. Ask these four questions before purchasing a motorcycle insurance policy to make sure all of your bases are covered.

4 questions to ask about your motorcycle insurance policy

1. Will my insurance coverage repair or replace my brand new motorcycle?

If your policy only covers the actual value of your motorcycle at the time of the crash, your insurance provider can use depreciation and other factors to reduce your payout. Riders who are insuring a new motorcycle should consider replacement cost coverage to ensure you’ll end up with a bike that’s as good as or better than your old one.

2. How much underinsured and uninsured motorist coverage do I have?

If you’re hit by a vehicle insured with the state minimum policy limits of $25,000, how much underinsured motorist coverage do you have in relationship to their minimum coverage? If the person who hit you has no insurance coverage, do you have at least $100,000 in uninsured motorist coverage to pay for your surgery, hospital, and nursing home bills?

3. Does my umbrella policy cover my motorcycle?

Umbrella insurance policies can be purchased in addition to your current auto or motorcycle policy for comprehensive liability protection. The coverage kicks in when your other policies have been exhausted to help protect you and your assets from lawsuits or other major claims. If you’ve purchased an umbrella policy, check with your insurance representative to determine if your motorcycle is covered and if there are any exceptions to the coverage.

4. If I am involved in an accident, how much of my medical payment coverage will pay my doctor bills?

Doctors and other medical professionals don’t care who was at fault for your accident or if your case is still pending. Bottom line: your bills need to be paid. Even if you’re able to recover money from the other person’s insurance company down the line, you may need to fall back on your own medical payment coverage until everything is sorted out. These bills can quickly skyrocket to tens of thousands of dollars, so be sure you have plenty of coverage.

When riding a motorcycle, you can never have enough insurance coverage. We would recommend you have at a minimum the following coverage:

  • $100,000 liability
  • $100,000 underinsured/uninsured motorist coverage
  • $25,000 medical payment coverage

If you can afford more coverage, buy it. There is never enough insurance coverage when you are lying in a hospital waiting to go to surgery.

About Elk & Elk Attorney William J. Price

William J. Price focuses his practice on personal injury litigation for people who have been seriously injured or killed as a result of motorcycle, auto, or trucking accidents, medical malpractice, nursing home neglect, defective products, and negligence in construction sites. He has been recognized by Super Lawyers, Martindale-Hubbell, AVVO, and is a member of the Multi-Million Dollar Advocates Forum and Million Dollar Advocates Forum.

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