The State of New York requires that motorcyclists have a certain amount of liability coverage. This includes $50,000 for bodily injury per incident and $10,000 for property damage per incident. You can also get higher amounts for more peace of mind. The state also requires uninsured motorist coverage with the same limits of liability coverage. While New York is a no-fault state when it comes to car insurance, the same rules don’t apply to motorcyclists.
Since the State required motorcycle insurance doesn’t cover any damages to your bike, you may want to consider other recommended insurance. Motorcycles can also be more dangerous, so you may want to up the liability limits. Collision coverage will pay for damage to your motorcycle once you pay your deductible. Comprehensive coverage will cover your bike if it is damaged by something that isn’t an accident, or if it is stolen. Animal collisions are also covered under comprehensive policies. A deductible also applies to comprehensive coverage. Medical payments can pay for medical bills if you or passengers are injured in an accident. This won't cover any lost wages or other costs and will only cover medical payments. Trip interruption coverage will pay for transportation, food, and lodging if your bike becomes disabled in a collision far from home. Coverage is also available for custom equipment, parts, and accessories. Coverage can typically be provided with comprehensive and collisions up to $3,000 but amounts will vary. Part of the allure of a bike is additional accessories to make your bike worth more, so you want to make sure it is protected. You can also get roadside assistance coverage if your bike breaks down. An agent at The Wasiczko Agency can help you determine which policy is right for you. If you aren’t going to be using your bike during the winter, then you may want to consider a lay-up policy that will only cover damages.
Contact The Wasiczko Agency to get a quote on motorcycle insurance.