Motorcycle Insurance

Springtime is here, and motorcycles are out and about! Just like your auto insurance, you should consider purchasing a policy for your motorcycle as well.

A motorcycle policy has coverages similar to an auto policy, but tailored for your 2 wheeled vehicle.

· Liability Coverage – This coverage protects against bodily injury and property damage that you cause. In New Hampshire this is called “split limits”, meaning there are separate limits for bodily injury and property damage. You may see “Bodily injury: $100,000 per person/$300,000 per accident, property damage: $100,000” on your declarations page. This means that in an accident, there are limits, or the total amount that will be paid for injuries or damage caused by your motorcycle.

· Uninsured/Underinsured Motorist Coverage – This limit has the same “split limits” as whatever you have chosen for your liability coverage, but it protects you in the event another driver causes injury or damage to you or your motorcycle, and either doesn’t have any coverage, or inadequate coverage limits to cover the incurred expenses.

· Comprehensive Coverage – This coverage protects your bike itself form damages that are caused by a loss other than collision. This includes fire, theft and vandalism. The insurance company pays for the damage, minus your deductible to repair the motorcycle, and covers is on an Actual Cash Value basis.

· Collision Coverage – Collision coverage protects your motorcycle from you getting into an accident (colliding) with another object. Like the comprehensive section, the company pays the damages minus your deductible, on an Actual Cash Value basis. Both of these coverages cover only standard, factory equipment, so it is important to discuss any customized equipment or accessories you have added to make sure they are covered as well.

Motorcycles are a fun and enjoyable way of getting around, but it is important to be safe at all times. Both those who own motorcycles, and those who do not need to be aware of each other, and respect and share the road. According to the National Highway Traffic Safety Administration (www.nhtsa.gov) 47% of all fatal motorcycle accidents in 2008 were caused by collision with another vehicle.

Please be safe, wear a helmet and enjoy the ride! As always, this is an important coverage you should discuss with your agent at Coffey Insurance.

Until next time…