Pay Now, Be Protected Later
In today’s economy, we are all trying to figure out ways to save; however, scrimping on motorcycle insurance should not be one of them. Tempting though it may be, especially if you live in a state where insurance is not required, it is simply not worth it. Not only having adequate motorcycle insurance, but also having the right type of insurance, can make all the difference in what impact a motorcycle accident has on your life, your property, and your livelihood.
Insurance Rules to Ride By:
Know your state’s insurance laws—at the very minimum; motorcyclists should be sure to adhere to those basic state requirements. Florida, Washington, and Montana are three states that do not actually require any motorcycle insurance. While a 2009 break down from the Insurance Information Institute is available for reference at insure.com, you should still check with an insurance agent for an update on the requirements in your state.
Familiarize yourself with different types of coverage—all motorcyclists should understand the types of coverage available and which ones may be of the most benefit to them, including:
- Bodily injury coverage
- Property damage coverage
- Medical payments coverage
- Guest passenger bodily injury coverage
- Uninsured/underinsured motorist coverage
- Comprehensive/collision coverage
Obtain Uninsured Motorist / Underinsured Motorist Insurance—motorcyclists in every state should protect themselves in the event they are involved in an accident with an uninsured driver. The costs of one traumatic brain injury can easily reach $200,000 after a motorcycle accident—and if your injury is severe and requires lifelong care, those costs can escalate to $4 million dollars. Uninsured motorist insurance will help pay for those expenses when the other driver is found to be at fault and uninsured.
Obtaining Uninsured Motorist / Underinsured Motorist Insurance is one of the best ways to protect yourself if you are seriously injured in a motorcycling accident. Consider that in Florida; more than one in five of Florida’s 15.6 million drivers are currently uninsured. If you are injured in a motorcycling accident with one of them, you may find yourself in serious financial trouble—even if the accident was not your fault.
If you or a loved one becomes a victim of a motorcycle accident, our experienced motorcycle accident attorneys can help you get compensation for your injuries or losses so you can move forward with your life. Call us at 1-800-BIKERS today.
