Owning a motorcycle can be fun. Before taking your bike out for a spin through town or on a long trip, you should consider acquiring motorcycle insurance. Having a motorcycle insurance policy can financially protect you against accidents such as severe injuries and collisions by limiting the out-of-pocket costs you pay for accident-related expenses.
How Motorcycle Insurance Works
Similar to a standard auto insurance policy, motorcycle insurance exists to ensure you have financial assistance if you are involved in an accident. In a typical motorcycle insurance policy, you’ll pay an insurance premium for financial assistance following an accident. You will likely have to pay a deductible for your policy before your insurance steps in to cover any remaining accident-related expenses.
Georgia requires all motorcycle owners to at least carry liability coverage so that those involved in accidents like injuries and property damage can be financially assisted following an accident. However, carrying more than just the minimum coverage requirements can be an excellent way to limit the potential financial burden of covering significant accident-related costs.
Motorcycle insurance is typically made up of several coverages. In addition to liability and collision coverage, a standard motorcycle insurance policy might include:
- Comprehensive coverage helps pay for damage caused by events other than collisions. This can include fire, theft or vandalism.
- Uninsured/underinsured motorist coverage helps pay for damage to you and your property if you get into an accident with an uninsured or underinsured driver.
- Optional equipment coverage helps cover additional or optional equipment on your motorcycle if you decide to customize it.
Be sure to contact the agents at Peachstate Insurance to learn more about motorcycle insurance.
If you are a motorcycle owner near Atlanta, Georgia, our experienced agents at Peachstate Insurance can assist you in learning more about how motorcycle insurance works and potential policies to consider.
Contact us today at 877-997-2478 for more information.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Don’t hesitate to contact your insurance professional for further information.