Many bikers might think that minimum coverage is the best option, especially if they are experienced riders. Although you might only ride your bike a few months out of the year and don’t want to have to fork over a ton of money to enjoy your Summers, less coverage might cost you more in the long run. Regardless of your skills behind the handle bars and attention to traffic laws and signs, other drivers are still hard pressed to be expected to look out for motorcycles.
Insurance Research Council (IRC) in its report said that nearly 1 in 8 drivers in the United States were uninsured in 2014. This means that if a motorcyclist has only liability coverage and is in a motor vehicle accident with an uninsured motorist, the motorcyclist will have to sue in court to get the other party to pay for the damage and hospital bills if they were responsible.
This might not sound like a big deal, but depending on your injuries you might wish you had just paid a few extra dollars for full coverage so you don’t have to stress about finding a way to arbitrate your court case while you’re sitting in a hospital bed with a neck brace and a cast on.
Alternatively, if you only have liability and the accident is your fault, you are liable to be sued for any damages and bodily injury over what your liability covers, andfor allyour damages and any medical bills that your insurance might not cover, if you even have health insurance. Which is even worse to consider while disabled or crippled from an accident. These circumstances only discuss the detriments of a single rider who doesn’t have full coverage.
Being a responsible rider also means taking responsibility for your own actions on the road. While nobody wants to believe that they could ever be the cause of an accident, accidents happen nonetheless. Regardless of your condition after an accident that you cause, there is often still another party to consider. Not only are you protecting yourself by having full coverage on your motorcycle, but you are doing your part and protecting other drivers.
As a motorcyclist, you are five times more likely to suffer fatal injuries than a driver in a sedan or truck. If the extend of your liability coverage does not cover the damages and injury to the other driver, and you do not survive the accident, you might be leaving someone else and their family to deal with not only their injuries, but the bills that exceed your coverage if they, themselves, don’t have full coverage.
So, whether you’re looking into your first motorcycle policy or you’ve had a long existing one, make sure you are giving full consideration to all of the stress, financial burden, and loss that you could avoid by just paying a few extra dollars a month for your insurance policy. Check out Swann motorcycle insurance for more information. If you are able to afford a motorcycle, especially as a secondary mode of transportation, you should take full responsibility for your own and others’ personal safety when you are on the road, and maybe skip out on pizza night every now and then to make up for it.