RV insurance South Carolina, Georgia, and Florida
Every activity comes with risks, especially those that involve wheels, speed, and the unpredictable factors that drivers and motorcyclists experience while on the road. Make sure you have the motorcycle insurance you need to be fully covered in the event of an accident.
We can help you find just the coverage you need.
Motorcycle Accident Facts
- Motorcycle-related deaths increased by 55% in the past decade
- 4,500 people died in motorcycle accidents in 2010 alone
- Motorcycle injuries and deaths cost about $12 billion annually
You know the risks are out there: a deer crossing the street in a blind curve; drivers neglecting to check their blind spot or traveling too fast through an intersection. Motorcycle riders see these dangers each time they ride.
You can’t prevent an accident from happening, but you can be prepared. Some of the important measures that can make a difference include taking a motorcycle safety course, wearing protective gear, and making sure you have adequate motorcycle insurance.
What kind of policy do you need, and how much coverage should you buy? Let’s discuss motorcycle insurance requirements and how you can find out more about what is required in your state.
Motorcycle Insurance Requirements
Every state in the U.S. requires motorcyclists to have liability insurance, with the exception of Washington State, Montana, and Florida. However, Florida still has a financial responsibility law, requiring motorcyclists to pay personal and property damages in an accident they cause.
Liability insurance pays (up to your set limits) for damages or injuries you cause in an accident, as well as your legal defense if needed. Because these costs can quickly soar to hundreds of thousands of dollars in the event of severe injuries, property damage or law suits, a good liability policy is highly recommended.
Structure of a Liability Policy
Liability coverage has three forms of coverage: bodily liability for one person, bodily liability for all people involved, and property liability. If you cause an accident and someone is injured, the bodily liability would cover the costs of treatment for that person.
When you buy motorcycle insurance, you determine the limit. If you purchase a 10/20/10 plan, it means the insurance company will pay up to $10,000 in medical care for one person, $20,000 for all injuries, and $10,000 in property damage.
Before you decide on the liability coverage in your motorcycle insurance policy, consider how much you can afford if the accident is severe. If the costs of the crash exceed your limits, you will have to pay out of pocket.
As an example scenario, let’s say you have coverage for 10/20/10, and you cause an accident resulting in $30,000 of medical expenses and $15,000 in property damage. You would have to pay $10,000 for medical care and another $5,000 in property damage, out of pocket.
You can get a free quote today.
There is more to getting a motorcycle insurance quote than just the numbers, however. When it comes to making the best decision on insurance, it is important to meet with an agent. Working with an independent agent means you will have someone to talk to who can answer your questions about the best policy, deductibles and limits for you.
Should you be purchasing uninsured and underinsured coverage in case you are in an accident caused by someone else who does not have the means to pay your expenses? Should you consider an umbrella liability policy? Do you know what kind of coverage you need if you travel with your motorcycle out of state?
Insurance can be confusing. Plans often have various limitations and exclusions, though they are not always clear. Without reviewing the policy with an experienced insurance professional, you may not know what your plan covers – and what it does not cover.
Before you buy motorcycle insurance, get free quotes from several providers. A Trusted Choice member agent can help you to get comparative motorcycle insurance quotes for you, and can also look for any discounts for which you may qualify.
Factors that Affect Your Rates
In general, motorcycle insurance rates are affected by the following factors:
Your credit score: It's true - your credit history affects your motorcycle insurance premium as much or more than your driving history. Statistically, motorcycle riders with poor credit are more likely to file a claim, so insurance companies tend to raise premiums for these customers to compensate for risk.
Your age and driving history: The insurance company will do a risk assessment based on how old you are and any included traffic accidents or violations on your record, both for your motorcycle and your car.
Where you live and travel: If you travel in high accident or crime areas, your risks are higher. Where you store your bike also matters: if it is kept in a locked garage, it is much less likely to be stolen or damaged.
How often you ride: If you ride year-round, you will face more risks than drivers who only use their motorcycles for a few months of the year, or only on weekends.
The make and model of your motorcycle: How expensive is your bike? How new? And how much horse power? A new Ducati 1199 Panigale will require more expensive repairs than a used Honda Stateline. This is because the Ducati will cost more to repair or replace in the event of an accident.
After-market additions: Insurers will also take into account whether you have added specialty components, such as a custom frame.
The costs of a severe wreck can quickly exceed your state’s required minimum coverage. Consider adding additional forms of insurance to a general motorcycle insurance plan.
- Accessories coverage: If you have done any after-market upgrades or any enhancements to the motorcycle, you may want additional coverage for these items. It is a good idea to retain all receipts and photos of any equipment or custom work.
- Collision coverage: If your motorcycle is damaged in an accident, collision coverage will pay for repair or replacement regardless of who was at fault for the accident.
- Comprehensive coverage: Also known as “other than collision,” comprehensive coverage covers any damage not caused by an accident with another vehicle, including:
- Weather-related damage, such as hail
- Criminal activity, including theft and vandalism
- Collisions with wildlife
- Medical payments / personal injury coverage: Pays for your medical treatment or funeral costs after an accident, regardless of who is responsible for the accident.
- Uninsured / underinsured motorist coverage: If an uninsured or underinsured driver causes a collision in which you are injured or your motorcycle is damaged, this policy would cover your out-of-pocket expenses.
General motorcycle insurance policies available from an online insurance company may not be tailored to your needs. Even if you start your research by comparing online quotes, make sure you find an agent or motorcycle insurance broker.
As a local Independent Agent we can compare multiple plans from several insurance companies, find all available discounts and tailor a policy to fit your needs and budget. Contact us today.
Make Sure You Have Boat Insurance to Weather the Storm
If you enjoy fishing, sailing, yachting, or cruising around on a powerboat, make sure you have boat insurance that covers your liability risk as well as your watercraft, equipment and passengers. Perhaps you have a lake cabin and like to tow water skiers or tubing enthusiasts. Maybe you have the party boat and every Fourth of July you load up your vessel with guests, food and libations.
Water activities are a great way to bring people together, but it is important to remember that accidents, injuries and fatalities do happen, especially when alcohol is involved. To get the right coverage that will protect your financial investment, work with an independent agent. A local agent who knows the risks and regulations in your area can help ensure that you are fully covered when you head out on the water.
Critical Steps for Boater Safety
- Take a boating safety course
- Educate your passengers on safe boating techniques
- Make sure all passengers wear life vests
- Follow all rules of the waterway you frequent
- Stay sober, particularly if you are at the helm
- Get boat insurance to ensure you are protected for the risks involved in
boating, from liability claims to theft, storm damage and capsizing
What Does Boat Insurance Cover?
The exact boat coverage you need depends on multiple factors. Small boat insurance is very different from yacht insurance, for example. However, for most types of boats, the three kinds of coverage in a basic boat insurance policy include:
- Bodily injury liability for expenses related to the injury of another person
- Property damage liability for expenses related to harming another person’s property
- Physical damage for damage to your own property, including your boat and trailer.
You also may want to add additional types of coverage to your boat insurance policy in order to fully protect yourself and your property. Here are some examples of additional coverage:
- Property coverage for equipment such as tools, life preservers, anchors and oars
- Insurance for fishing equipment like your rods, lures, nets and tackle
- Towing coverage when your boat becomes disabled and needs servicing
- Medical payments coverage for hospital and funeral expenses for you or your passengers
- Uninsured/underinsured boaters coverage if you have an accident with another boater whose insurance is not sufficient to cover damages
As with all insurance, the amount of benefit or reimbursement you have in the event of an incident is set at the time you buy your policy. Be sure to talk with an experienced independent agent who can make sure you have sufficient insurance for the risks you encounter.
What Kinds of Boats Need to Be Insured?
You can insure just about any kind of vessel, whether you have a yacht, speed boat or personal watercraft (PWC) like a JetSki. Every type of boat has the potential to be stolen or damaged, and can be involved in an incident that results in harm to another person or their property. Even if your boat is docked or stored in your garage, it can potentially be vandalized, damaged in a fire or storm, or stolen.
Many owners of small watercraft such as canoes, rafts and kayaks assume they will be covered under a homeowners or renters policy. This may be the case, up to a specified limit in your home policy. However, when it’s time to make a claim, you don’t want to be surprised to find out that this limit is not adequate to cover the value of your investment.
Be sure to consider the amount of coverage you would need to repair or replace each of your boats and recreational vehicles if damaged or stolen and ask your agent to help you get the right coverage for those items.
Can You Buy Boat Insurance Online?
There is certainly nothing wrong with getting online boat insurance quotes when you are shopping around. Just make sure you are comparing “apples to apples.” For example, if you get multiple online quotes for boat insurance, you could start by making sure that each includes the same amount of liability, property damage and medical coverage.
Buying insurance is a personal matter, and many considerations go into choosing just the right coverage for you. For this reason, many people choose to work with an independent agent who can provide guidance and answer questions. That kind of support can be difficult to find in an insurance call center or online interface.
A local independent agent in this dynamic network can provide personalized assistance and quotes. Your agent can also look for discounts, such as multi-policy discounts and premium reductions if you have taken a boater safety course. Call us today and get the help and advice you need so you are prepared for your next adventure.