Motorcycle 101: What Is Collision Coverage?

Now that you’ve purchased your new motorcycle you probably can’t wait to gear up and hit the road to experience all the beautiful scenery the Longmont, CO area offers. But, before you plan your first San Juan Skyway to the Black Canyon Run, you need to meet with an experienced motorcycle insurance agent to discuss your personal coverage needs. Purchasing insurance can be confusing, especially when there are different coverages to consider. Here’s some information you’ll need to know about your new 1st American Insurance Agency Collision coverage policy. 

What Is Motorcycle Collision Insurance?  

Collision and comprehensive insurance coverage are two different parts of your motorcycle insurance policy.  While each type will help pay to repair or replace your motorcycle if it is damaged in a qualified claim, collision insurance covers separate types of risks than your comprehensive coverage. 

What Does Motorcycle Collision Insurance Cover? 

If you or anyone on your collision insurance policy is in a collision that results in your bike being damaged by another vehicle or an object like a fence or a tree, your collision coverage will help pay for repairs. Comprehensive motorcycle insurance will help cover your motorcycle if it is damaged or lost in an event in an event that does not involve you or a covered rider being in an accident. Neither collision nor comprehensive insurance will pay for any damage you cause to another person, vehicle, or object. 

Am I Required By Law To Carry Collision Motorcycle Insurance? 

No, you are not required by law to purchase a collision insurance policy for your bike in Longmont, CO, nor are required by law to carry comprehensive insurance for your motorcycle. You are required to carry liability insurance to cover third-party injuries and any property damage you cause if you are deemed responsible for a collision while you or a covered party are riding your motorcycle. 

While you aren’t legally required to purchase collision, comprehensive, or any other type of insurance policy for your bike besides liability, if you want your bike to be covered for losses, it’s a smart choice. Call or come by 1st American Insurance Agency today to speak with an agent about designing the perfect motorcycle coverage for your special needs.