In the state of Florida, you must have financial responsibility. The easiest manner to maintain financial responsibility is to secure a motorcycle insurance policy from a provider.
What is the State Minimum Insurance Required?
The minimum policy coverages are $10,000 in bodily injury liability for one person, $20,000 in bodily injuries for 2 or more persons involved in a single accident, and $10,000 per each accident in property damages. Florida is a no-fault state that requires personal injury protection for your car, but not for your motorcycle. You don't have to wear a helmet while riding your motorcycle if you are at least 21 years of age and have a minimum of $10,000 coverage with a medical insurance policy. Every motorcyclist must wear eye protection if their motorcycle doesn't have a windshield, no matter their age or if they have insurance or not.
What are the Other Types of Motorcycle Insurance?
The minimum state insurance policy for your motorcycle covers damages to others when you cause an accident. It is highly advisable to secure extra insurance from The Wurzel Agency Inc. to be able to pay for repairs and replacement should your bike be damaged.
- Accessory coverage for motorcycles covers any additional items added to your motorcycle after leaving the factory floor. Many people seek to make their bike an extension of themselves and customize it. Accessory coverage will cover damages to a sidecar, a trike conversion, electronic equipment including audio devices, custom exhaust systems, paint and plating, plow and mower blades, safety apparel such as leather chaps, jackets and helmets, and an attached motorcycle trailer. These items can be expensive to add to your bike, and you certainly want them covered so you can be reimbursed in the case of an accident.
- Uninsured or underinsured motorist coverage pays you in the event that another person causes an accident while you are riding your motorcycle. It pays out to you in the case the other driver doesn't have insurance or doesn't have enough insurance to cover your damages.
- Medical payments insurance covers your medical expenses if you are hurt in an accident, no matter which party is at fault. It also includes injuries to your passengers and dental care needed after an accident.
At The Wurzel Agency Inc. in Oviedo, FL, we know it can be confusing when purchasing motorcycle insurance and we are here to help you. You can call us or come by the office in Oviedo, FL to find out more about motorcycle insurance and how you can get started.