There are essential insurance cover items worth considering as a rider to help protect your motorbike or scooter. It does not matter if the motorcycle is your daily transport mode or you ride for fun on weekends.
Insurance covers, which are legally required to ride, help you receive compensation if an accident occurs. Although you can ensure your motorcycle against pretty much every risk, the following crucial ones should come at the top of your priority risk.
Bodily Injury Liability Coverage
Bodily injury liability coverage caters for damages that a rider may cause to other motorists, riders, or cyclists and their personal property if an accident occurs. However, it does not cover the motorcycle owners’ expenses such as repairs and medical costs. The coverage only pays for the accident victim’s medical expenses, lost wages and income, and legal fees sued.
Experts recommend this coverage as it can save you if you are at fault in an accident!
Personal Injury Protection (PIP)
Also known as no-fault insurance, it is a first-party cover that caters for your incurred costs after an accident. It does not matter who is at fault! The insurance pays for the riders’ medical bills and lost income if only sustained injuries prevent you from working. Others are substitute services like cleaning and funeral expenses if an accident leads to death.
However, PIP does not pay for theft, property damage, and injuries to others in a collision!
Comprehensive coverage is the best insurance item you can get. It caters for both the rider and the motorcycle. It does not matter if you caused the accident or not. It helps you to repair or replace the motorcycle if it is damaged or stolen.
However, it does not cover accidents from collisions. This cover pays for theft, fire, vandalism, natural disasters, and damage from falling objects or riots. It also pays for your medical expenses. Again, it does not pay for damage to another motorist and your passenger medical bills in an accident!
Uninsured/Underinsured Motorist Insurance (UUMI)
UUMI covers both bodily injuries and property damage. UUMI applies when the driver at fault lacks enough liability coverage or is uninsured. It saves you from paying for the incurred damage and costs from an accident you did not cause! The good thing is it covers for injuries you and your passenger sustain.
The insurance provider will pay for your motorcycle damages incurred from an accident with an uninsured motorist. You should consider this coverage because of many unlicensed or uninsured motorists on the roads!
Always choose the cover that pays for your repairs, medical expenses, and your passenger as well!