Riding season is in full swing which, unfortunately, means higher risk of having a motorcycle accident. Because motorcycle accident victims generally have severe injuries and significant property damage, you must insist on more coverage and higher limits. Here are 5 insider tips on motorcycle insurance all riders should have.
100/300 Coverage Minimum
DO NOT get on your bike without at least 100/300 in coverage. This means that you have coverage of $100,000 per person and $300,000 total per accident. Get at least this amount for your liability limits AND your uninsured/underinsured limits. Do not depend on the other guy to have insurance or enough insurance in the event of an accident.
Uninsured/Underinsured Coverage
This coverage is designed to help you pay for bills associated with a crash that was caused by another person who either A) doesn’t have insurance or B) has a policy with liability limits that are too low. Most people out there have the state minimum limits of $30,000, so you must protect yourself.
Free Policy Review
Medical Payments Coverage (MP) or Personal Injury Protection (PIP) in South Carolina
- Covers medical expenses for you or your passengers after an accident
- $5,000 minimum
Collision Coverage
- Covers damage to your vehicle after an accident, no matter who was at fault
- Choose your coverage amount based on the value of your motorcycle
Separate Policies – DO NOT BUNDLE
Put each of your vehicles on separate policies. This allows you to stack your coverage, which will double or even triple your protection. It will cost you the 10% bundling discount but will pay off tenfold in the event of an accident. For example, I recently had a client who had two motorcycles, two cars and an RV. Because he had each vehicle on a separate policy, we were able to stack his coverage. The result was 5 times the coverage.
The insurance companies will not tell you this. Be proactive in protecting yourself and be sure you are properly insured BEFORE you throw your leg over your bike.
Karney|Clayton has been representing injured bikers since 1975. With a clear understanding of the obstacles motorcyclists face both on the road and in the courtroom, our attorneys fight for motorcycle accident victims. Protecting bikers throughout the Carolinas with offices in Charlotte, Greensboro and Raleigh. From accident through recovery, we’ve got your back. Contact us for your free consultation 877-376-7982.
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