5 Tips For Buying Motorcycle Insurance

Many people we help ask me “if it was their fault, why do I have to pay?” Unfortunately there are still many people driving with little or no insurance. People who don’t have insurance often do not have money to pay for someone else’s motorcycle and medical bills. And if the other person files bankruptcy, the claim you file against them could potentially be discharged and you may not recover any money from them. The only sure way to protect yourself is to have underinsured and uninsured motorist coverage.

An umbrella insurance policy is an extra layer of protection that will financially cover you if you have medical bills or damages that exceed your policy limits. For example, if you get a policy with a limit of $250,000 and someone hits you without insurance, your medical bills could easily surpass $250,000 if any surgeries are required. This is where an umbrella plan would kick in and protect you from having to pay out of pocket for your medical care. I help people who have been injured handle their medical bills every single day, and from my experience, I recommend purchasing an umbrella policy of at least $1 million in uninsured or underinsured injury coverage. And even though this may sound expensive, umbrella policies are often surprisingly inexpensive to add.

Taking a motorcycle safety course is always recommended for new riders, but even experienced riders should consider taking a class. Many insurance companies offer discounts to those who have completed a state-approved motorcycle safety class. There are often classes for all skill levels, so check with your insurance company about potential savings and sign up for a safety course that is right for you.