Will My Car Insurance Cover a Motorcycle?
A common misconception we hear all the time is that when you own a car and a motorcycle, that your car insurance covers you if you wreck either. We are here to right this wrong. No, you are not covered by your car insurance if you get in a motorcycle accident, and it is dangerous to believe so.
When you own a motorcycle you have to have a specific coverage if you get in an accident. You usually need a separate policy, as only a few insurance companies offer “motorcycle endorsements” that are attached to your regular car insurance. However, these endorsements are usually limited in coverage and don’t offer as much as a separate motorcycle policy.
On motorcycle policies, it has to list any riders who might use it. You need motorcycle insurance for liability coverage, damages to the bike and injuries. Otherwise you will be responsible for all these damages on your own. In Florida you have to have motorcycle insurance, unless you want to risk the fines. The minimum requirements for motorcycle insurance are $10,000 for one person for bodily injury liability, $20,000 for two or more people for bodily injury liability and $10,000 per crash for property damage liability.
Motorcycle Insurance Coverage
Some other coverage to highly consider is collision coverage to cover bike damage. Comprehensive coverage would come into play if your bike was stolen or damaged by water or fire. Also, since Florida PIP laws are not a part of motorcycle insurance it’s highly recommended to have a medical payment policy to make sure all your injuries are covered.
Motorcycle Insurance Cost
The cost of motorcycle insurance is dependent on a few different factors that you will go over with, with your insurance agent. These factors might include:
- The type of motorcycle you have
- Cost of the bike
- Where you live
- The amount of people who are using the bike
- How much you plan on riding the motorcycle
- How much coverage you want
At Hancock Injury Attorneys, we highly suggest a strong, well covered motorcycle insurance policy. While getting the minimum might be cheaper, getting the strongest is much safer in the long run.