If you live in Colorado, North Dakota, or Minnesota, you need to have insurance to drive your motorcycle on public roads legally. Just because it is basically a bike, you still need to have insurance.
If you get pulled over and don't have proof of insurance, there are steep penalties involved. You can have your license and registration suspended, and there would be stiff fines and penalties due before you can have your license and registration reinstated.
If you are planning to purchase motorcycle insurance, you should know the policy coverage available.
Liability coverage is the minimum insurance required by law. If you cause an accident, liability insurance will cover the other vehicle, the medical costs for anyone who was injured, and any damaged property during the accident. Liability will not cover your bike or your medical expenses if you cause an accident. If you cause an accident and don't have insurance, you can be sued by the driver, and you will be cited for not having insurance.
If you want your bike to be protected, you should take out collision coverage. If your bike is damaged during an accident, in a fire, during severe weather, or if it is stolen, collision coverage would pay to repair or replace the bike. If you are making loan payments on your motorcycle, the lender will require collision coverage. If you are in an accident and your bike is totaled, the lender can be sure that they will still receive their payments.
If a driver hits you with no insurance, your uninsured motorist coverage will pay for the damage to your bike and your medical bills. The same is true if the person you hit doesn't have enough insurance to cover all damages.
If you purchased a motorcycle, the first thing you should do before even taking it on the road is to buy motorcycle insurance. Our agents at Integrity First Insurance call help you purchase a motorcycle insurance policy that will provide the amount of protection you are looking for. To get your policy started, visit our Englewood, CO office, our Fargo, ND office, or give us a call today.
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