Collision Coverage: Do You Need It for Your Motorcycle?
Your bike gives you the chance to hit the open road and enjoy the wind whipping around you. However, the high speeds and slight stature of motorcycles can also make them particularly susceptible to physical damage. In a crash with a car or other larger vehicle, your bike may often sustain extensive damage. Fortunately, by having a motorcycle insurance policy equipped with collision coverage, you may be able to receive compensation following these accidents and limit financial repercussions.
What Is Collision Coverage?
As its name suggests, collision coverage is a specific part of many motorcycle insurance policies that may help reimburse you for losses following a crash. This can be especially important for motorcycles, as slight brushes with objects at high speeds or glancing blows with other vehicles could lead to significant damage or even your bike being completely totaled.
Specifically, collision coverage can generally assist with repair, replacement or restoration costs arising from crashes with the following:
- Other vehicles
- Buildings
- Guardrails
- Trees
- Fences
- Signposts
You should be aware that this type of coverage cannot typically provide aid if you hit an animal while on your motorcycle. These incidents usually require comprehensive coverage. Additionally, alternative coverage may be necessary to absorb financial losses involving custom parts and riding gear, such as your helmet and jacket.
Is This Coverage Required?
While most states require motorcycle owners to have some form of insurance, many do not specifically mandate collision coverage. However, if you’ve financed your bike, your lender may require you to maintain this type of insurance until you’ve paid off your loan. Even in the absence of such obligations, collision coverage is generally advisable. Without it, you may not have a way to repair or replace your vehicle following a crash.
Get the Right Coverage
Contact Bama Insurance Services today to learn about motorcycle coverage options or get a free quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.
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