Motorcycle riders should be diligent in understanding the current coverage that they have on their vehicle. This is especially true if you don’t currently have medical coverage through an independent agent or employer.
By opting to add uninsured motorist (UIM) coverage to your motorcycle policy you are covering yourself in the event that you are injured in an accident involving an uninsured motorist. Not only will you be covered, so will any passenger who is riding with you. As a benefit, uninsured motorist coverage will cover your medical bills whereas comprehensive and collision coverage only covers repairs to your vehicle. In addition to covering your medical bills, there is no deductible to pay with UIM. Consequently, you will have no out of pocket expenses as long as your bills stay within the limits of your coverage.
Typical coverage can be bought in increments of $20,000 and $40,000. If you aren’t sure whether or not you should be opting for this coverage, consider this scenario:
You are stopped at a red light, and the car behind you fails to come to a complete stop before bumping against the back of your bike. You are knocked off balance, and the motorcycle pins your leg beneath it, twisting it as you fall. The person who hit you fled the scene and was never apprehended. Your leg is broken and you have to be whisked away to the hospital. The ambulance ride costs $4000, the emergency room costs $12,000, and the cast and crutches cost $500. Without uninsured motorist coverage, you are out $16,500 – and that’s before lost wages and possible physical therapy.
In addition to uninsured and underinsured motorist coverage, you may opt to add Personal Injury Protection (PIP) or Medical Payments (MedPay) coverage to your policy. These two options can cover far more expenses than a typical UIM policy. If you are seriously injured in an accident, these policies may be the only thing that keeps you from having hundreds of thousands of dollars in unpaid bills.
Contact us for a motorcycle insurance quote or more information.