Are there different types of motorcycle insurance?

Do you have a one of a kind motorcycle in San Antonio, TX?

Standard auto insurance is not going to do much to protect your bike in the event of an accident. What are the different types of motorcycle insurance, though? Also, how much coverage is necessary to enjoy the road with peace and confidence? The agents at Versatile Insurance Planners can help with these questions and more!

What is motorcycle insurance?

Motorcycle insurance is an indemnity policy that specifically covers motorcycles in a car accident. These plans are similar to standard auto insurance policies in that they come with policy limits and deductibles that owners must pay before coverage kicks in after an accident. 

Motorcycle coverage differs from a standard auto insurance plan by offering bike owners the chance to cover the gear that is necessary to ride safely. A motorcycle indemnity policy also allows owners to save money on cooling-off periods. It is during these times that owners remain insured for damages that their bikes may sustain while in storage. The policy does not cover car accidents and other incidents on the road during the cooling-off period. 

What are the different types of coverage?

Liability insurance is an absolute must for motorcycle owners who use their bikes to commute on the highways or in the inner city of San Antonio, TX. The state of Texas requires drivers to show proof of at least $30,000 worth of insurance coverage for bodily injury per person. Drivers must show proof of at least $25,000  worth of coverage for property damage. 

Comprehensive and Collision coverages are options for motorcycle owners looking for full coverage. There are also add-ons, such as total loss coverage and trip interruption protection, that further guard you from significant financial loss in an accident. 

The agents at Versatile Insurance Partners can help you find the motorcycle insurance policy to fit your needs. Call us today to get started with a quote!