Motorcycle riders in the state of Texas are required to have liability insurance. With liability coverage, you won’t have to pay huge amounts out of pocket if you accidentally cause a crash. Other’s property damage and injury costs are covered up to your limits, which can help protect your finances. To be compliant with the law, you need to have $50,000 in insurance for bodily injury per accident and $25,000 for property damage liability. While these limits may seem high, remember that ambulance bills and a single night in the hospital can be quite expensive and oftentimes even these limits fall short. You may also want to consider having higher liability coverage. An agent at Texas Classic Insurance can help you know if this makes sense for your situation.
In addition to being required, there are other reasons why you should have motorcycle coverage. Riders going at unsafe speeds cause about one out of every four serious crashes in the state.
The minimum requirements only cover your liability and there is no protection for your motorcycle from a mishap or collision. You need to purchase additional coverage if you want this protection. Collision coverage can give protection to your bike if you are involved in an accident. Comprehensive coverage gives protection for things such as theft, vandalism, wind, or fire. Uninsured or underinsured motorist coverage gives you coverage if you get into an accident with someone who doesn’t have insurance or doesn’t have the right amount of coverage. Medical payments coverage will cover items such as dental care, medical co-payments, prescription drug payments, deductibles, funeral expenses, or home nursing care. If you have spent a lot of money customizing your motorcycle, then you may want to consider adding custom parts and equipment coverage.
Contact Texas Classic Insurance to get a quote on motorcycle insurance.
