Few things compare to the feeling of riding a motorcycle, but any smart driver also understands the risks involved. Indeed, few bikers need to be reminded of the seriousness of a motorcycle accident. Most bikers know that they need to take steps to protect themselves. Wearing a helmet is a good start, but you won’t be fully protected until you get motorcycle insurance.
If you have an accident, in most cases, your insurance is your only hope of paying your medical bills. However, there’s more to motorcycle insurance policies than meets the eye. In addition to financial and medical support in case of an accident, most policies cover a host of other surprising things. Today we’ll look at a few of these things.
5 Surprising Things Covered By Motorcycle Insurance
1. Tons other obscure vehicles you’re not likely to drive
Maybe your motorcycle is your first and only love, but if you ever find yourself in a situation where you have the opportunity to try something new, you won’t have to worry. Depending on the policy, motorcycle insurance also commonly covers you when you ride any of the following:
- Sport bikes
- High-performance bikes
- Motocross bikes
- Off-road bikes
2. Lodging + towing costs if you break down
Suppose you are on a motorcycle trip and your bike breaks down on the side of the road. What are you going to do while you wait for you bike to get fixed? What if you can’t afford a hotel for the night?
Don’t worry. Your insurance of course will cover the cost of the repairs, but on top of that, it will kick in to help you with the towing costs to get your bike to the garage. It also covers other minor repairs such as a dead battery, flat tires, lost keys, and etc. And while you wait for you bike to get fixed, your insurance will also cover the cost of your lodging, food, and if need be, alternate transportation.
3. Lost wages if your accident keeps you from working
It’s not a pleasant scenario to consider, but motorcycle accidents often come with serious injuries. If you are injured in a motorcycle accident, your insurance will of course kick in to cover you medical bills, but what about the wages you miss out on while you are in the hospital?
There’s good news: many motorcycle insurance policies will reimburse you for the wages you lose during your recovery process. Hopefully you’re back to your normal work life sooner rather than later!
4. The “sticker price” of your bike – not the resale value
If you total your bike, the big question is going to be its monetary value. How much was your bike worth? There’s more good news: many insurance policies will use the manufacturer’s sticker price for the current year of your make and model, not the year of the bike you actually had.
In other words, if you were to crash your 2010 Yamaha FZ-10 today (in 2016), you would be compensated for the sticker price of the 2016 Yamaha FZ-10. This is called “Total Loss Coverage.”
5. Somebody else’s lack of insurance
Not everybody is as smart and responsible as you are. Some people drive their motorcycles around without insurance. If you get into a crash with one of these troublemakers, and it’s not your fault, who will pay for your costs? It’s unlikely that the party at fault will be able to pay you out of pocket, so this puts you in a tough situation.
Well, as you may have guessed, your motorcycle insurance will, again, kick in here to save the day. That’s right—even when the accident is not your fault, and should clearly be covered under the insurance of the party at fault, your insurance will still be standing by to protect your interests.
Need Motorcycle Insurance in the Nashville area? Get in touch with us today to learn how we can protect your interests!