Motorcycle Insurance Information
Your motorcycle can be an exciting and enjoyable way to travel the country. However, like all motor vehicles, your bike represents a significant financial investment and includes various risks and exposures. Furthermore, you may be more vulnerable to severe injuries and financial losses on a motorcycle than while traveling by other means. With these things in mind, you should ensure you fully understand motorcycle insurance and maintain adequate coverage.
What Is Motorcycle Insurance?
In many ways, motorcycle insurance functions similarly to standard auto insurance you might purchase for your car. These policies represent legal agreements between you and your insurance company; as long as you maintain coverage by paying your premiums, you can retain access to critical financial assistance capable of limiting what might otherwise be catastrophic out-of-pocket losses and expenses.
What Does Motorcycle Insurance Cover?
As its name suggests, motorcycle insurance can financially safeguard you and your bike from accidents and other perils. Although policies can typically be customized to suit your circumstances, the following features of coverage are typically advisable:
- Bodily injury liability coverage
- Property damage liability coverage
- Collision coverage
- Comprehensive coverage
- Medical payments coverage
- Personal injury protection coverage
- Uninsured/underinsured motorist coverage
- Gear coverage
- Custom parts coverage
Is Motorcycle Insurance Required?
In many states, including Illinois, you are required to show proof of motorcycle insurance before being allowed to register your vehicle and receive a license plate. Illinois motorcyclists are specifically beholden to minimum requirements regarding bodily injury liability, property damage liability and uninsured/underinsured motorist bodily injury coverage. Varying motorcycle insurance requirements may apply depending on where you live, ride or plan to travel. Even in the absence of legal obligations, adequate coverage should be a top priority, as lacking suitable insurance could leave you without the means to repair or replace your bike, recover from significant injuries or otherwise limit out-of-pocket financial losses.
Get the Right Coverage
With nearly 50 years of experience providing coverage in the Wood Dale and Greater Chicago areas, the knowledgeable team at the Samco Agency is well-equipped to help local bikers secure ideal insurance policies. Contact us today to receive a personalized motorcycle insurance quote.