If you’ve recently bought a new motorcycle, you’re probably eager to take it out for a spin around Las Vegas, NV, right? Hold on! You may think that the only protection you need is your safety gear, but if you don’t know the basics of motorcycle insurance coverage, your bank account could take a serious hit. Here’s what you need to know from the insurance experts at Sage Insurance Services Inc.
Why Buy Motorcycle Insurance?
Nevada state requires standard motorcycle insurance coverage by law, the same as if you are driving a car. And, if you have a lease or loan, your lender will usually require coverage as well. Motorcycle insurance can protect you from losing your Las Vegas, NV home, life savings, or both if you are deemed responsible for an accident having caused personal injuries or property damage. Your policy may also cover your medical bills if injured, damage from vandalism, and theft.
What Types Of Motorcycle Insurance Are There?
Liability insurance is the coverage legally required that most people think of when they think about insurance. There are two liability insurance categories:
Bodily injury liability: This pays for any medical bills, pain and suffering, or loss of wages for people you kill or injure due to an accident that you cause or contribute to.
Property damage liability: This pays to repair or replace any property of others you cause damage to during a collision, such as telephones or cars, and will help pay defense costs if you are sued due to a collision.
You may want to consider buying more than the minimum amount of coverage required, and optional coverage such as uninsured/underinsured liability. One minor accident can cause a serious dent in your finances. If you have assets to protect, you’ll want to make sure you’re protecting them. To find the perfect motorcycle insurance policy to cover you and your new ride, call Sage Insurance Services Inc. Today.