It's important to purchase the right kind of motorcycle insurance. To do that, you need to understand the minimum coverage required by each state, what is covered by that minimum liability coverage, and what is not. In general, it’s wise to purchase as much motorcycle insurance coverage as you can reasonably afford — but there are also some factors you need to keep in mind when making the decision that’s right for you and your family.
Know What the Minimum Coverage for Motorcyclists is in Your State
Most states require that motorcyclists carry liability insurance. It covers the costs of damages to other people or property if you are at fault. For example, in North Carolina, your insurance policy must include at least $30K per person and $60K per accident for bodily injury to pay claims to the people to whom you cause injury or death.
Beyond liability coverage, it's also smart to have Uninsured/Underinsured Motorist (UM/UIM) protection as part of your motorcycle insurance policy. UM/UIM protects you if another motorist causes an accident but doesn't have any or enough insurance to cover your losses—which can be substantial if you are seriously injured. Carry as much of this insurance as you can reasonably afford. It may make your life and recovery infinitely easier if you’re ever injured in a motorcycle accident.
In addition, if you paid a decent amount for your motorcycle, it is also advisable to purchase collision coverage to pay for repairs if it is damaged in an accident. Comprehensive insurance covers your motorcycle if it is stolen, vandalized, or damaged in a flood or fire. Always read through the fine print of any policy carefully before purchasing it to fully understand what type of coverage is included and how much risk the policy carries.
Understand The Consequences of Not Having Motorcycle Insurance
Motorcycle insurance isn't only a good idea — it's the law.
If caught riding without insurance in most states (including our home state of North Carolina), you could face fines and other penalties. In addition to possible legal repercussions, being uninsured also leaves riders vulnerable to criminal and civil liability should they be involved in an accident with another vehicle or pedestrian. In such cases, damages can quickly add up, and any injured parties may be able to sue for medical expenses as well as lost wages, pain and suffering, and more. In extreme cases, uninsured motorcyclists could even face jail time for causing an accident without insurance.
Not having the right coverage could leave you facing expensive bills and potential legal action from any injured third parties, making it crucial to ensure that your bike is always adequately insured.
Motorcycle Accident? Riddle & Brantley Can Help
If you’ve been in a motorcycle accident, contact a Riddle & Brantley motorcycle accident attorney for assistance filing claims and pursuing the compensation you deserve. We believe Justice Counts for motorcycle accident injury victims in North Carolina. Please call 1-800-525-7111 today. We're ready to discuss your case, so schedule a free case review today.