Compensation for Damage to Your Bike
Helping Bikers Navigate the Aftermath of an Accident
Following a motorcycle accident, the first thing you should do is tend to your health and that of anyone else involved. Once you ensure everyone is safe and has sought medical attention, it is time to evaluate the situation and work on building your case. One of the biggest losses following a crash is generally your bike itself, as well as other property damage. Therefore, it is vital that, in addition to health insurance coverage, you invest in property damage insurance. The Littleton motorcycle attorneys at Curtis | Walton Law are knowledgeable about the many types of liability insurance and how to choose which is best for you.
As riders ourselves, we possess a deep understanding of motorcycles and the laws and policies that dictate how you ride. Let us help you understand as well. Contact us today to schedule your free consultation.
Motorcycle Property Damage Insurance
A good place to start is by investing in Motorcycle Property Damage Insurance. This type of liability coverage protects you against the cost to repair or replace another person's property that is damaged as a result of your riding. It is often paired with bodily injury coverage, which covers medical expenses caused to others in an accident.
Keep in mind that property liability insurance doesn't pay for damages you cause to your own property in an accident; that's protected by collision insurance.
Types of Expenses Covered
When you think of "property" in terms of an accident, your mind may only consider cars and motorcycles.
However, motorcycle property liability insurance covers many kinds of property, including:
- Flag poles
- Utility poles
Liability insurance can also absorb many of your legal costs if you are sued because of an accident.
Why You Should Have Motorcycle Property Damage Coverage
For starters, you probably don't have a choice. Most states require motorcyclists to carry at least the minimal amount of property damage insurance. Some states allow their residents to get around this by posting a bond or cash with a state agency, but the simplest way for most to comply with this financial responsibility law is through an insurance policy with property damage coverage.
Beyond that, property liability insurance can save you from a financial disaster if you cause a serious accident with considerable damage to cars, motorcycles, or other expensive pieces of property.
How Much Property Liability Insurance You Need
Your life would be simpler if there was a single answer to this issue, but the truth is that property liability insurance coverage is an individual matter.
That said, most insurance experts recommend carrying much more coverage than may be dictated by your state. Why? Because most states only require a minor amount of coverage, both for property damage and bodily injury insurance. You could easily exhaust those limits in an accident and have to pay the rest of the costs out of your pocket.
Keep in mind, however, that insurance becomes relatively less expensive with higher amounts of coverage. So, you may be able to reasonably purchase more liability protection than you envision.
For more information about which motorcycle insurance coverage is right for you, or how your coverage will work following an accident you’ve been involved in, contact our Littleton motorcycle attorneys today at (720) 815-4402.
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