Motorcycle insurance is for obtaining protection from the risks of being a motorcycle operator. In the same car insurance works, so does this coverage for motorcycle owners. This kind of a policy should be obtained by anyone who owns a motorcycle, whether one rides on a daily basis or just occasionally.
To get the ball rolling, you only need to choose the kind of insurance coverage desired. Each kind of coverage has varying rates that you will pay premiums to have. The more insurance coverage opted, the higher the premiums will be, though a higher deductible can mitigate some of these premium costs. You will then make payments for a year of coverage either by paying the entire amount upfront, (often with a discount) or you can opt to pay in a structured manner, usually monthly, if your insurance provider offers it. Should you be involved in an accident, you then simply file a claim with your insurer. They will then compensate you for your costs as required by the type of coverage you chose to purchase.
Bodily injury and property damage coverage
This coverage is what pays for any expenses that come from the injuring of other people in an accident. It also pays for any property damaged as a result of the accident.
This is what pays the expenses that are a result of any personal injuries you may have had during the accident. It also can pay you for any lost income that occurred while being injured and unable to work.
Medical coverage can pay for any treatment expenses incurred as a result of the accident. It also provides coverage for the medical costs of any passengers you might have had during the accident.
This is the kind of coverage is that pays for a replacement motorcycle if yours were to be stolen or totaled. It also can pay for any parts and repairs need in the aftermath of the accident. It also provides coverage for medical and liability costs to other people involved in the accident should you be at fault.
Towing and roadside assistance
This part of a policy can pay for any roadside assistance you might require, such as a tire change, the repair of a windshield or for a tow to a garage.