In Nashville, NC, motorcycle and scooter owners and operators need to maintain liability insurance coverage. If you are the new owner of a motorcycle or scooter, then the Steiner Insurance Group would like you to know more about your coverage options.
Motorcycle insurance is a category of auto insurance, and the following are some of the options available.
The first type of insurance that you need to know about is liability insurance. As mentioned, it is a mandatory requirement. This type of insurance is for property damage and third-party injury for which you are legally liable as a result of an auto accident. NC requires minimum coverage of $30 000 per person and $60 000 per accident. There is also a minimum cover of $25 000 needed for property liability.
Collision and Comprehensive Insurance
Collision insurance covers your motorcycle repairs or replacement on an actual cash value basis in the event of an accident. Comprehensive or Other than Collision insurance provides financial cover if there is damage to your motorcycle from perils like hail, fire, theft, and collision with animals.
If another driver hits you and they are under or uninsured, this provides cover if you and your passenger sustain injury and your motorcycle (your property) sustains damage.
Medical Payments Coverage
This insurance option provides cover for necessary medical interventions or funeral expenses resulting from an auto accident, including as a pedestrian.
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Before you drive off into the sunset on your newly purchased motorcycle, be sure of two things. You have your helmet on, and you have spoken to the Steiner Insurance Group serving Nashville, NC, about buying motorcycle insurance and peace of mind.
You love the feeling of freedom when riding your motorcycle. But with pleasure comes responsibility. In Nashville, NC, motorcycle and scooter owners are required to carry liability insurance. But, what can you reasonably expect the insurance policy to cover in case of an accident? Steiner Insurance Group explains the different types of coverage included in your policy.
The liability coverage refers to the amount you are legally obliged to pay for another person’s injuries and property damage. The liability cover extends to your family members or other persons using your motorcycle with permission.
Medical payment coverage
If you or your family members are injured in the accident while riding your insured motorcycle, the policy will pay for any medical or funeral expenses resulting from the accident, including the medical care and rehabilitation costs needed to return you to health. The policy will pay for each injured individual up to the listed coverage limits.
Collision coverage and other than collision coverage
Collision coverage will pay for physical damage that occurred during the accident. It usually refers to the damage caused by the impact of another vehicle or object. Other than collision coverage pays for damages caused by falling objects, fire, theft, hail, or animals.
Uninsured/underinsured motorist coverage.
Uninsured and underinsured coverage protects you when someone else causes the accident. If the guilty party does not have insurance or has a very small coverage limit, your policy helps you recover your own insurance shortfall. The coverage extends to both medical bills and costs of repairs to your motorcycle.
Life is unpredictable, so prepare to take care of your family and your property by talking to Steiner Insurance Group experts in Nashville, NC.
Whether you’ve ridden a motorcycle for the past 20 years or you’re just starting to learn how to ride, the number one way to protect yourself from injury is to wear a helmet. Even a crash on a bike when you’re traveling at slow speeds can severely hurt you. With a helmet, you are much more likely to avoid a head injury and death.
Here at the Steiner Insurance Group serving the Nashville, NC area, we help keep motorcycle owners safe on the road by offering motorcycle insurance. Depending on the policy you get, you may be able to tap into roadside assistance if you are in need of help. Keep reading to learn about two other reasons you should protect your bike with motorcycle insurance.
Some States and Lenders Require It
If you have a loan on your bike, there’s a good chance that the lender will require you to have insurance. This ensures the lender will receive compensation in the event something happens to the bike while you still owe money on it. Also, depending on where you register the motorcycle, you may be required by law to have some type of insurance policy.
You Never Know What Could Happen
Just like in a car, when you’re riding a motorcycle, you never know what could happen. Having insurance coverage gives you peace of mind in knowing you can tap into various types of coverage in specific scenarios. With this type of protection, you can ride with less stress, which is crucial for staying focused on the road.
Want to learn more about motorcycle safety and how it starts with insurance? Contact the Steiner Insurance Group serving the Nashville, NC area today.