How much motorcycle insurance do I need?
Nothing beats the thrilling experience of riding a motorcycle. However, with the fun comes risks and responsibilities. The Ponte Vedra Beach, FL law requires all motorists to have a form of financial responsibility in case of accidents on the roads. Motorcycle insurance enables you to ride your bike on public roads, and it pays for injuries and property damage in the event of an accident. So how much insurance do you need? Here is a breakdown to help you assess your motorcycle insurance needs.
Property liability and bodily injury liability
You need to increase or double your liability coverage if you use your motorbike often. Chances of getting sued for damages or injuries on other parties are higher when using a motorcycle than using a car. At Palm Valley Insurance Inc, we recommend assessing how you use your bike to determine your risk level. Property damage and bodily injury liability are essential coverages for any road user.
Personal injury protection or medical payments
You are more likely to get injured on a motorcycle than a car as there isn’t much protection apart from what you are wearing. So you really want to make sure that you have enough medical payments to cover your medical bills.
Uninsured and underinsured motorist
If you get into an accident with an uninsured motorist, how will you get compensated? The other party may not have enough money to pay for your urgent medical bills or your damaged motorbike. You need to have enough uninsured/underinsured motorist coverage to protect you in case of such an accident.
Comprehensive and Collision
While they’re optional, comprehensive and, collision coverages are essential coverages as they protect your motorcycle. Know the value of your motorbike and buy equal amounts of coverage in case your bike is damaged beyond repair; your insurer can replace it for you.
Need motorcycle insurance in Ponte Vedra Beach, FL? Our trusted insurance agents at Palm Valley Insurance inc can help you find a policy that matches your needs, style, and budget. Contact us for unbeatable deals.