Have you purchased a motorcycle recently? If so, you are probably ready to take it out on the road. But, not so fast. You need to get insurance for your bike first to ensure you and your motorcycle are covered in the event of an accident. Keltner Insurance, serving Memphis, TN, wants to share a few questions and their answers regarding motorcycle insurance.
Is the Minimum Coverage Good Enough?
The minimum coverage that is required for motorcyclists will vary from one state to the next. Most people opt to carry only the minimum coverage, but you may want to consider increasing that coverage–similar to with your auto insurance. By upping your limits, you can rest easy knowing that your investment and other assets are protected in the event you are found at-fault for an accident.
Should I Carry Any Additional Coverage?
There are many different types of coverage that can be purchased based on your individual driving situation and finances. For instance, collision insurance will cover the costs to repair/replace your motorcycle following a collision, regardless of who is deemed at fault. Comprehensive insurance will cover the costs for repair/replace following an event like vandalism, theft, or weather. Medical payment insurance will take care of medical expenses after an accident. Uninsured/underinsured kicks in if an at-fault driver doesn’t have sufficient insurance to cover the associated losses.
Does Motorcycle Insurance Cover My Passenger?
Cover for your passenger will depend on your individual policy. As a general rule, standard liability coverage will not extend coverage to your passengers, but a number of collision and comprehensive plans will. It is best to speak to an insurance agent to confirm your coverage before purchasing a policy.
When you are in need of motorcycle insurance coverage in Memphis, TN, contact the professionals at Keltner Insurance.