Do you own a motorcycle? Our Neff & Associates Insurance Services Inc team has put together this quick guide about this type of coverage for drivers near Pismo Beach, CA. Here are four things to know about motorcycle insurance.
#1: Liability Insurance for Your Motorcycle is Required by Law
Similar to the requirements for a car, liability coverage for motorcycles is mandatory by law. The minimum coverage to stay legal $15,000 for each person injured in an accident, up to $30,000 per accident, and an additional $5,000 for property damage. If this sounds a little low, it really is. In fact, most agents advise their clients to boost this number up to a little higher figure for added protection.
#2: Comprehensive and Collision Coverage Are Still Optional
Another similarity between car insurance and motorcycle insurance is that comprehensive and collision coverage are still optional. But this doesn’t mean you should skip them! These policy options pay for any damage to your bike thanks to a collision with another object, theft, fire, or an act of nature. Plus, if you currently have a loan on your motorcycle, your lender might require you carry them.
#3: Don’t Forget About Medical Coverage
One more optional coverage to consider for your motorcycle insurance policy is medical payments. This portion of your policy helps handle any costs associated with hospital or doctor bills if you’re injured in a motorcycle accident. If the wreck is serious enough, it could also pay out a small death benefit to your family.
#4: Uninsured and Underinsured Drivers Are a Huge Problem in California
Sadly, thousands of California drivers are either uninsured or don’t have enough coverage if they’re involved in a serious accident. This means that if you’re seriously injured and it is someone else’s fault, your medical bills might not be covered. Having uninsured and underinsured coverage on your motorcycle insurance policy helps minimize this risk.
At Neff & Associates Insurance Services Inc, we are proud to help motorcycle owners around Pismo Beach, CA with all of their insurance needs. Please contact us today to schedule an appointment.