FROM THE EXPERTS
Motorcycle Insurance-Uninsured/
Underinsured Motorist Coverage
It might be cold outside but now is a great time to check
your motorcycle insurance coverage and give it an upgrade.
When it comes to motorcycle insurance, you should always
purchase as much as you can afford.
Why?
Because motorcycle injuries can cost a lot and often,
even responsible motorcycle riders who are victims of some
else’s reckless behavior can end up with more bills than
insurance companies will pay. If that happens, you are stuck
without adequate insurance coverage—protect yourself and
your family with adequate coverage, including Uninsured/
Underinsured Motorist.
The minimum amount of coverage you should purchase
$100,000 of Uninsured/Underinsured Motorist insurance
coverage. If you can afford more, it is important for you to
buy it.
The reasons you should buy more than $100,000 in UIM
coverage:
Consider this true story from the O’Sullivan Law files:
Samuel was riding his motorcycle in a residential area
and was hit by a driver who then fled the scene. Samuel
sustained severe injuries and was out of work for two months.
The driver of the car was caught but he only had $25,000
worth of insurance coverage. Luckily, Samuel had Uninsured/
Underinsured Motorist (UIM) coverage and was insured for
up to $100,000. Without the UIM coverage, Samuel would
not have been able to pay his medical bills. His life would
have been forever altered by the carelessness of another
driver.
Why do insurance agents often steer auto and motorcycle
drivers away from this coverage?
Insurance companies and agents are pressured to keep
premiums as low as possible
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Many insurance buyers think that UIM is not necessary
because they carry health insurance.
This is simply not true.
Think about your health insurance deductibles and co-pays.
In some severe cases, those expenses alone are enough to
stress