Your ride deserves to be properly protected, and that all starts with acquiring the right insurance coverage for it. So we've rounded up the numerous policy add-ons that you'll want to consider for your bike sooner rather than later.
A Coverage Guide For Motorcycle Insurance In Denver, CO
Before we dive in, let's make one thing clear about these types of coverage: they are optional!
In the U.S., all motorcycle drivers are required by law to have two forms of liability coverage: (1) bodily injury liability insurance and (2) property damage liability insurance. In Colorado, motorcycle drivers must have liability insurance in the following amounts:
- $25,000 for bodily injury coverage per person
- $50,000 for total bodily injury coverage per incident
- $15,000 for property damage coverage per incident
That's the bare minimum coverage across the state, so if you just want to follow state requirements, make sure you have liability coverage for those amounts. However, it's important to remember that liability coverage only covers the damages and injuries of other individuals (not your own).
For that reason, it's a terrific idea to consider adding on a few of the following coverage options to your motorcycle policy.
1. Collision Coverage
When your bike gets damaged in a collision with another vehicle or object, will your liability insurance help pay for repairs? No, but collision coverage will.
Motorcycle collision coverage helps pay for your vehicle repairs or a replacement. That helping hand can be a big help for you, especially since motorcycle parts can be so expensive.
Just remember: collision coverage does not pay for medical bills and it does not pay for damage you cause to another vehicle or object.
2. Comprehensive Coverage
What about other kinds of damage to your motorcycle? Will your insurance cover the repair costs if your bike was damaged in a hailstorm? Only comprehensive insurance can cover those damages.
Comprehensive motorcycle insurance helps cover your ride if it's damaged in an incident that is not a collision. Things like theft, vandalism, and falling objects are typically covered by comprehensive insurance. Yes, that means even if your motorcycle is struck by a meteorite, your comprehensive coverage will cover the damage (III).
That said, comprehensive coverage does not cover normal wear and tear on your bike. If your bike breaks down due to lack of maintenance, your comprehensive coverage won't be applicable.
3. Coverage For Custom Motorcycle Parts
Does your motorcycle have custom accessories like chrome parts, trailers, or old-school mirrors? If so, then this coverage is a must for you! That's because most comprehensive and collision policies will only cover the factory standard parts on your ride.
Custom parts and equipment coverage will help pay to repair or replace aftermarket additions to your bike if they are damaged or destroyed in an accident. This way you can rest assured knowing your restored motorcycle will have the same one-of-a-kind parts that make it truly yours.
4. Uninsured/Underinsured Motorist Coverage
Do you know what happens if you get into an accident caused by another driver and they either don't have insurance or enough coverage? In this unfortunate scenario, you'll get stuck with the remaining costs for any property damage or necessary medical treatments.
Uninsured/Underinsured motorist (UM/UIM) coverage helps pay for damages to you and/or your property if you are hit by an uninsured or underinsured driver. With this policy add-on, you'll be well prepared for the worst kinds of accidents.
5. Medical Payments Coverage
Even the best drivers can make mistakes. Helmets, pads, and jackets will help reduce your risk of serious injuries, but in an accident, you and your passenger can still get injured. And believe us, a trip to the hospital will be expensive.
Medical payments coverage will help cover the expenses you (or your passenger) incur while operating your motorcycle. In fact, this coverage can help cover all kinds of medical expenses following an accident, such as:
- Health insurance deductibles
- Home care
- And dental expenses
6. Towing And Roadside Assistance Coverage
Your bike might break down on the side of the road one day. Or it might need to be towed to an auto shop following an accident. When those situations occur, you'll be glad you purchased towing and roadside assistance coverage.
This type of coverage helps cover the costs of getting your bike to a repair shop if it becomes undrivable while you're on the road. This can be invaluable, since a tow truck company may charge you up to $300 (HomeGuide).
Request Your Quote For Motorcycle Insurance In Denver, CO
If you're interested in purchasing new coverage for your bike or upgrading your policy, reach out to us at Adler Insurance.
Our experienced insurance agents have specialized in motorcycle insurance in Denver, CO for decades. We will work closely with you to acquire the custom coverage your ride needs at an affordable rate. And if you ever need support on the road or have questions about your policy, our agents are always just one phone call away.
Contact Adler Insurance Group today to get your FREE quote for motorcycle insurance.