Motorcycle insurance has many of the same aspects as auto with a few
variances. Naturally, a motorcycle policy will include liability coverage
for bodily injury or property damage that you are responsible due to
negligence on your part.
Liability limits can range from the state minimum limit (soon to be $25,000 per person and $50,000 per accident for bodily injury and $25,000 for property damage) up to $1,000,000 per accident.
Along with liability coverage is uninsured or under insured motorist coverage which we always write at the same limits as your liability limits. This important coverage protects you and your family from injuries sustained due to a driver having no insurance or limits of liability less than your own limits.
Medical payments for the riders is also an important coverage and the limits can range from $1,000 per person to $10,000. With a motorcycle accident with another at fault automobile, you are very likely to sustain sever injuries and possibly loss wages and extra expenses. The
coverage for uninsured and under insured liability and/or medical payments can be very important to you.
For physical damage to the bike, you have collision and other-than-
collision coverage. The other-than-collision covers damages to your bike
other than a collision with an object or the road. Damages could come from
fire, windstorm, vandalism or theft just to name a few. For these
coverages, you can select a deductible from $100 to $1,000 to control the
premium.
A special coverage for motorcycles is in customized equipment. Most
policies give you a basic coverage like $1,000. However, the cost of
accessories beyond the factory issue bike can increase rapidly. Coverage
beyond the $1,000 can be offered at a very reasonable premium, but it must
be endorsed on to the policy.
The premium of a cycle is influence by the same factors as an automobile.
The most common factors are the age of the operator, years of motorcycle
experience, driving record and months of lay-up selected.
In Ohio, most motorcyclists select a lay-up coverage of 3-5 months during the most in
climate times of the year. During that time the bike can be covered for
other-than-collision coverage, but none of the other, and therefore, can not
legally be written. For example, if you have a 3 month lay-up, you are not
covered if you are riding the bike during December, January or February.
The premium can also be reduced if you take a motorcycle safety class or if
you belong to a recognized motorcycle organization that promotes safe
operation of a motorcycle.
