Should I Carry Liability or Full Coverage Insurance on My Motorcycle?

When selecting Round Rock motorcycle insurance, it is important to consider the value of your vehicle and how much financial protection you want for it. Liability coverage provides protection from incidents you cause using your vehicle. For instance, if you are involved in an accident that damages someone else's property, this type of coverage covers the repairs to that property. Full coverage offers more protection for you, including covering the value of your bike.

Consider the Options

The following are some of the most important types of coverage for motorcycles. Determine which one is right for your needs based on the value of your bike and the risks you face.

• Bodily insurance and property damage liability coverage ensures that the other person or property is covered in an incident in which you are at fault.
• Uninsured or underinsured motorist coverage provides protection to you if someone else is at fault and that person does not have insurance protection. It will cover the injuries and damages the other person should have paid for as a result of being at fault.
• Comprehensive and collision insurance are often sold as one. These policies provide coverage to either replace or to repair the motorcycle in covered incidents, such as if it is stolen or damaged in an accident.
• Medical payments is another type of option. Here, you will receive protection from any medical costs you incur because of being involved in the accident, no matter who is at fault for the policy.
• Custom parts and equipment is something to consider for some users. If you have a motorcycle with very expensive or hard to find parts, having just comprehensive and collision insurance is not enough. Those policies tend to offer about $3000 worth of coverage. If your accessories or parts are more than that, a custom parts policy can help to cover those costs.

Which is right for you? If your motorcycle is valued at a high amount, you likely need comprehensive coverage and you may want to consider custom parts and equipment add-ons. Full coverage gives you the total level of protection. On the other hand, if your bike is only worth a small amount of money, having just liability coverage may be good enough. Choose this option only if you can handle the loss of the bike and continue making any payments on it even if it is totaled. The value of your bike and the protection you want, especially if this is your main mode of transportation, play a role in this decision.

Which motorcycle insurance is best for you? For many people, making this decision is hard to do. To get help, contact Contractors Insurance Services at 512-518-6292 and we'll provide you with an estimate for various types of coverage to ensure you get what you need every time.