Whether you’re a seasoned rider or a beginner embarking on your two-wheeled adventure, understanding the ins and outs of motorcycle insurance is crucial for safeguarding both yourself and your bike.
Different Types of Motorcycle Insurance Policies
The following are the most common types of coverages:
- Liability coverage
- Collision coverage
- Comprehensive coverage
- Uninsured/underinsured motorist coverage (UM/UIM)
Can I Customize My Motorcycle Insurance Policy?
Most insurance providers often offer additional coverage options and policy add-ons that you can choose from to enhance your protection. The following are coverages you may choose from to tailor your policy:
- Increased Liability Limits
- Motorcycle Accessories Coverage
- Roadside Assistance
- Rental Reimbursement
- Gap Insurance
Is Motorcycle Insurance Required by Law?
The specific requirements for motorcycle insurance vary from state to state. Coverage is often mandatory because it helps protect both riders and other parties involved in accidents by providing financial coverage for injuries, damages and liability. In Colorado, motorcyclists are required to show proof of liability coverage.
The legal requirement for a policy typically involves carrying a minimum level of liability insurance. Liability insurance covers damages and injuries you may cause to others in an accident. It typically includes bodily injury liability, which pays for medical expenses and related costs, and property damage liability, which covers damages to someone else’s property.
It’s essential to check the motorcycle insurance requirements in your specific location to ensure compliance with Colorado state law. Failing to comply with the legal requirements for motorcycle insurance can result in penalties, fines or even the suspension of your riding privileges.
Get Covered Today
Contact Hammer Agency today to get a motorcycle insurance quote now and ride with the assurance you deserve.