What type of insurance coverage does one need for a motorcycle?

Whether you drive your motorcycle across the country or just around the Johnstown, PA area, it is crucial to put in place a comprehensive insurance package that best suits your needs. Not all policies are the same, so it is essential to discuss with your agent at Asset Planning Insurance Agency which coverages are the appropriate ones for your particular needs. 

Liability Coverage 

Liability is the one coverage that you are required to carry by law. Liability coverage will help cover the cost of damages caused to a third party as a result of an accident in which you are at fault. There is a minimum required by law, but like auto insurance, it is wise to carry limits over the requirement. 

Comprehensive and Collision Coverage 

The second type of coverage you will want to consider is comprehensive and collision coverage. Collision coverage will cover the cost to repair or replace your motorcycle in the event you are in an accident. Comprehensive coverage will cover events outside an accident, such as theft or damage caused by a storm. 

Medical Payments 

Even the most skilled motorcycle driver can end up hurt in an accident. Medical coverage will help cover your bills in the event you are in an accident. Injuries as a result of a motorcycle accident can quickly skyrocket, so medical payment coverage is essential coverage to consider. 

Lay-up period

In the event you plan to put your bike in storage for the long Pennsylvania winters, you may want to consider lay-up period coverage, which will protect you in the event your motorcycle is damaged or stolen while it is in storage. It is critical not to drive the bike during this period as you will not have any liability coverage. 

If you would like to learn more about any of these insurance options, please reach out to an agent at Asset Planning Insurance Agency today. We proudly serve the Johnstown, PA area.