If you have a motorcycle in the state of New York, you are required by law to get a minimum level of coverage in case of an accident. However, at Brooks-Waterburn Corp., we believe it's worth protecting your investment with a full coverage policy.
If you only have the minimum coverage required by law, your bike may be unprotected against the risk of being damaged or stolen. What if something happened and your insurance policy didn't account for these common risks? How much money would you be out due to the loss? Perhaps even worse, what would you have left to ride?
Thankfully, NY motorcycle insurance is quite similar to an auto insurance policy and can include various coverages:
It's important to remember that, although the odds of being at fault in a multi-vehicle accident are very low for motorcyclists, liability often doesn’t clearly lie with the other party either. Even though bikers are often the victims when it comes to cycle/car collisions, it doesn’t mean that you don’t need liability insurance. What if you hit a bicyclist or a pedestrian? What if you accidentally scratch a car as you back out of your parking spot?
Uninsured/Underinsured Motorist coverage is probably the single most important coverage you can have on your motorcycle policy.
As a biker, your risk of being at-fault in an accident is comparatively low, but your risk of getting hit is relatively high. That’s where your UM/UIM coverage applies.
Your UM/UIM coverage kicks in if you are hit by a driver who doesn’t have the insurance or resources to pay for your injuries, medical payments, loss of wages, and damage to your bike. If the person who hit you doesn’t have the money to pay for the damages they caused you, your own insurance will protect you.
Keep in mind that a driver who isn’t responsible enough to look for motorcycles on the road might not be responsible enough to carry adequate auto insurance limits. That's why we think it's important to fully cover your motorcycle with the best insurance you can get.
For more information, simply fill out our quick and easy Protection Savings Form above, or give us a call today. At Brooks-Waterburn Corp., we will work hard to make sure you have the best protection possible at the lowest price available!