Types Of Motorcycle Insurance Coverage

Motorcycle insurance helps protect you from financial losses from accidents, theft, and damage. While it’s a good idea to have insurance, some type of coverage is required by most states. If can also be required by lenders and leasing companies!

The primary types of motorcycle coverage are listed below. Some coverages are considered “mandatory coverages” on motorcycle insurance policies, while others are optional coverages that can be added on for more financial protection.

Liability insurance
Liability insurance covers bodily injury and property damage that you cause to others. This insurance is required by most states, and you might need to show proof of motorcycle insurance when you register your motorcycle or renew your registration.

Collision Insurance
Collision insurance covers damage to your motorcycle from an accident. If you finance or lease your motorcycle, your lender or leasing company will typically require that you carry collision insurance, as well as comprehensive insurance.

Comprehensive Insurance
Comprehensive insurance covers damage to your motorcycle that wasn’t caused by an accident with a vehicle or stationary object. Examples include theft, vandalism, natural disasters – and collisions with animals.

Uninsured/Underinsured Motorist Insurance (UM/UIM)
Uninsured motorist and underinsured motorist insurance covers your injuries and property damage if the other driver is at fault and doesn’t have insurance (or doesn’t have enough insurance).

Medical Payments Insurance (MedPay)
Medical insurance, also known as MedPay, covers medical bills for you and your passenger, regardless of who’s at fault in the accident.

Personal Injury Protection Insurance (PIP)
Personal injury protection insurance (PIP) covers medical expenses (and sometimes lost wages and other damages), for you and your passenger. PIP insurance kicks in, regardless of who’s at fault in the accident.

Replacement For New Motorcycle / Total Loss Coverage
Sometimes referred to as total loss coverage, replacement for a new bike coverage is usually only available if your bike is one or two years old. If your motorcycle is totaled or stolen within a certain time period after you bought it, the insurance company will replace it with a new model of the same make and type.

Lease And Loan Gap Coverage
Lease and loan gap insurance covers the “gap” between what you owe on your motorcycle and what it’s worth in the event that it’s totaled or stolen. This type of insurance can be particularly helpful if you have a newer bike that might have already depreciated and be worth significantly less than what you owe on it.

Accessories Coverage
Accessories insurance covers add-ons that you might have put on your motorcycle, such as aftermarket parts, luggage attachments, electronics, and safety features.

Safety Apparel Coverage
Safety apparel insurance covers clothing and gear that you might be wearing when you’re riding, such as a helmet, jacket, pants, gloves, boots, and specialized suits.

Custom Parts, Equipment, and Gear Coverage
Custom parts, equipment, and gear insurance covers customizations, add-ons, and modifications on your bike. This could include: aftermarket modifications, performance upgrades, custom paint jobs, fairings, fenders, seats, handlebars, mirrors, electronics, and safety enhancements.

Towing And Roadside Assistance
Towing and roadside assistance insurance covers you if you have a breakdown, get a flat tire, or run out of fuel.

Trip Interruption Coverage
Trip interruption insurance helps cover the cost of lodging, meals, and more if you have a breakdown or accident when you’re a certain distance from home (typically 100 miles or more).

Rental Reimbursement Coverage
Rental reimbursement insurance helps cover the cost of a rental if your motorcycle is in the shop because of a covered claim (from an accident or theft). Typically, rental reimbursement coverage has a daily limit of what it will reimburse, as well as a maximum cap.

Check With Your Insurance Agent Or Company
Please note that the information provided above is for informational purposes only. For the most accurate, up-to-date, specific information, check with your insurance agent or insurance company.