Motorcycle insurance is a necessity if you live in Lakewood, CO. Not only does the state require liability coverage, but there is also much to lose if you are involved in an at-fault accident without the proper insurance to pay for damages. You also want to maintain an acceptable indemnity policy for personal satisfaction.
How much does motorcycle insurance cover in Lakewood, CO, though? Read on to find out!
What does motorcycle insurance cover?
Motorcycle insurance works much like a standard auto indemnity plan. You are typically protected up to the limit of your policy if you have an accident that requires your bike to either be repaired or replaced.
The difference in motorcycle insurance, however, is the various options that determine how much coverage you receive in an accident. Unlike a standard auto insurance policy that pays for the majority of incidents on the road with one package, motorcyclists are tasked with building their policy. A basic liability plan may protect you from legal problems if you have an at-fault accident. You may not receive much in the way of repairs for your bike, though, if you do not have additional perks included in your plan.
As an insured motorist, you have the option of adding the following to your motorcycle indemnity plan:
Full replacement cost for your bike in the event that it is totaled
Comprehensive coverage pays for damages not caused by a collision. This option ensures that you receive the monetary value of your bike if it is stolen or destroyed by inclement weather conditions
Uninsured/Underinsured Motorist Protection
Replacement Coverage for your gear
Some motorcycle insurance plans even pay when your passenger is injured in an accident. Of course, there are stipulations to such coverage that should be discussed with an insurance agent.
Call Premier Group Insurance
Premier Group Insurance has excited and knowledgeable agents who can help you find the motorcycle insurance policy that best fits your lifestyle. Contact us today to get started with a quote!