Motorcycle Insurance
Due to their smaller size and reduced visibility compared to cars, motorcycles present unique challenges for drivers. This heightened risk of accidents can be further exacerbated by adverse weather conditions and road hazards, which can result in loss of control.
Whether cruising down the open road or navigating city streets, comprehensive insurance coverage is crucial for your financial protection in the event of an accident. At Ramos Insurance, we’re here to help you gain a clear understanding of motorcycle insurance and ensure that, should an accident occur, you are appropriately prepared with the right policy.
What Is Motorcycle Insurance?
Motorcycle insurance is a type of insurance designed specifically for motorcycles. It may provide financial protection in case of motorcycle accidents, theft or damage. Just like car insurance, motorcycle insurance typically includes the following coverage options:
- Liability coverage may cover bodily injury and property damage to others if you’re at fault in an accident.
- Collision coverage can pay for damage to your motorcycle in an accident, whether it’s a collision with another car, tree or similar object.
- Comprehensive coverage may cover events like theft, vandalism and damage caused by noncollision incidents, such as fire, floods or falling objects.
- Uninsured/underinsured motorist coverage may cover your medical expenses and property damage if you’re in an accident with a driver who doesn’t have insurance or is insufficiently covered.
- Medical payments coverage can help pay for your medical expenses like hospital bills, doctor visits and other necessary treatments if you’re injured in an accident.
- Accessory coverage can help protect custom parts, accessories and gear attached to your motorcycle in case of damage or theft.
Is Motorcycle Insurance Important?
Motorcycle insurance is essential for all bike owners and drivers. Illinois state law mandates liability insurance for riders to cover bodily injury and property damage resulting from accidents. If you’ve financed your motorcycle, your lender may require minimum coverage to protect their investment. Beyond legal and lender obligations, having adequate motorcycle insurance may offer peace of mind in case of unexpected events.
How Does Motorcycle Insurance Work And How Much It Costs?
Motorcycle insurance functions similarly to car insurance and requires monthly or annual premiums to maintain coverage. In case of an accident or bike damage, you file a claim with your insurer, who evaluates the situation and may provide compensation based on your coverage and deductibles. Coverage options and costs vary based on factors such as motorcycle type and your driving record.
Contact Ramos Insurance in Streamwood, Illinois, today for tailored motorcycle insurance solutions. With over two decades of experience, we’ll explore your options to find the right policy for you.