Differences Between Full Coverage and Liability Only Motorcycle Insurance

Motorcycles provide an exciting and expedient way to travel the road. However, even the most skilled and experienced riders must accept the need for insurance. A motorcycle insurance policy is not only legally required but may also cultivate critical financial security. Accidents and other incidents involving your bike may be inevitable, necessitating an appropriate understanding of coverage options.

What Is Motorcycle Liability Coverage?

In most states, liability coverage is an essential component of responsible motorcycle ownership and operation. In Texas, vehicle owners are required to show proof of financial responsibility when registering their motorcycle. This mandate is typically satisfied through the purchase of a motorcycle insurance policy that at least includes minimum bodily injury and property damage liability coverages. Specifically, these financial protections can help in the following ways:

• Bodily injury liability coverage may help pay for other parties’ medical bills and other losses if you’re at fault for an accident while riding your motorcycle.
• Property damage liability coverage may assist with other parties’ repair or replacement costs if you crash into their vehicle, building or other property.

What Is Full Coverage Insurance?

Full coverage motorcycle insurance is a somewhat ambiguous term with exact specifications potentially varying among carriers. Still, in most cases, a full coverage motorcycle insurance policy will include the aforementioned liability coverages, as well as additional financial protections for your own vehicle. Consider the following common aspects of full coverage policies and how they might help secure your financial interests:

• Collision coverage can help you manage costs if you need to repair, restore or replace your bike following a crash involving another vehicle or stationary object. You may be eligible for a payout regardless of who was at fault for the accident in question.
• Comprehensive coverage may address many incidents not included in collision coverage. Specifically, you may be eligible for financial aid if your motorcycle is damaged by fires, theft, vandalism, severe weather or incidents involving wildlife.

These aspects of full coverage policies are not typically required by law but may be mandated by lenders if you’ve financed your bike.

Get the Right Policy

Contact Allsafe Insurance in Garland, TX, today to discuss coverage options and select a motorcycle insurance policy suitable for your situation.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.