Liability Insurance for motorcycle owners is required by most states. This type of insurance pays the other party if the policyholder is found at fault in an accident and as a result, caused damage to someone else or their property. Typically, because damage caused by a motorcycle is less than that of an automobile, liability for a motorcycle is reasonably priced.
Other policy coverages to consider are comprehensive and collision coverage. Comprehensive, also referred to as Other Than Collision, provides coverage for perils such as vandalism, theft, flood, and fire. Most policies would pay up to the actual cash value of the bike. Collision covers when your bike collides with another object, such as a tree, sign or another vehicle.
Medical coverage for injuries to your passengers should be considered. This coverage is referred to as Guest Liability. This can be extremely valuable in the event you are the cause of an accident and your passenger is injured. Coverage can also be purchased to cover your injuries.
Uninsured or Underinsured Motorist coverage protects you against damage caused by uninsured drivers and can be purchased. In some states uninsured motorist coverage is limited to only covering your medical bills, while in other states you can also purchase coverage to pay for damages to the bike in the event it is damaged due to the fault of an uninsured driver.
To learn more about Miami Motorcycle Insurance contact us 305-270-2100 or get a Motorcycle Insurance quote.
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At Filer Insurance, Inc., we have been serving Miami and South Florida since 1919. We specialize in home insurance as well as auto, life and business insurance. Please give us a call or come by our office for a free Miami car insurance quote.