On the road motorcyclists are more susceptible to accidents as compared to people driving their cars or trucks. The chances of severe injury and death are higher in motorcycle riders. According to the report of the National Highway and Safety Authority, the American economy has to suffer from a loss of $16 annually to motorcycle accidents.
Most of the money is used in paying for medical bills, emergency services, rehabilitation, and property damage. Motorcycle insurance is a better solution for motorcycle riders to get the coverage for their accidents and property damage.
Reasons to get motorcycle insurance
When you are riding your bike on the road, you might try to protect yourself by wearing proper riding gear and a helmet. You should know that on the road it is not only your life you have to protect, you have to care about the other road users as well. Getting motorcycle insurance is the best way to protect yourself from any financial losses in case of any accident. If you think that you ride your bike carefully and there is no need for you invest in motorcycle insurance, here a few reasons that will make you think otherwise.
If you are involved in an accident, the cost medical treatment could be quite expensive. With motorcycle insurance, you will have the satisfaction that you will get the required treatment with disturbing your finances.
Injury to the third party
In a road accident, if your mistake has caused injuries to other people, you will have to compensate them for their loss. With qualified insurance, you can easily pay for compensation.
Replacement of motorcycle
In a severe accident, your bike could be damaged to the extent that it cannot be repaired or is deemed a total loss by your insurance agency. Total loss means that the cost of repair will surpass the cost of a new bike. In this situation, with motorcycle insurance, you can get enough investment to buy a new bike.
If the accident happened because of your mistake, you could use collision policy to pay for the damage that has been done to your motorcycle.
What to consider while getting motorcycle insurance
Once you are ready to get motorcycle insurance, there are many things you have to consider. You should know that there are different policies available and you should select the one that can provide you with the coverage you have been looking for. Here we have a checklist that will help you in the selection of best policy.
- Type of coverage you are looking for
- Details, model, and condition of your motorcycle
- Riding history that consists of driving courses you took, tests you passed, and their dates.
- Your personal details like age, the address of your home or where the bike is stored, annual mileage, and occupation.
You should check the policies and coverage that you will get from different insurance providers or check with an independent insurance agent at Magruder to do the searching for you. Contact us to day to review, renew, or enroll in new motorcycle coverage.