Decoding a motorcycle insurance policy can be harder than decoding the assembly instructions for a piece of furniture. And unless you work in the insurance industry, your documents might feel like a sheaf of gobbledygook papers that no human could translate. Don’t worry. Your insurance agent at Peter Laczko Insurance Inc. is here to help. We serve Woodstock, GA and surrounding areas, but mainly? We’re here to serve you. Here’s an easy to understand guide.

The Basics

Bodily injury liability covers injuries that a rider causes to others. Property damage liability covers other people’s property damage. (Things like knocking over a mailbox.) Collision coverage helps pay to repair the motorcycle if it is damaged in a collision. Comprehensive insurance covers related claims like theft and vandalism. Underinsured and uninsured motorist coverage applies if the other driver doesn’t have sufficient insurance to cover damages. Medical payments coverage is for the rider and passengers.

Terms

The deductible is how much of a claim the policyholder is responsible for before the coverage kicks in. Limits are how much a policy will pay out, typically listed as three numbers like 50/100/50. These numbers represent how much the policy will pay out per person for injury, per accident for injury and property damage. Actual cash value takes depreciation into account. Agreed value is a pre-determined value. This is commonly used on custom or classic bikes.

Extras

A lot of bike riders add optional coverage designed for motorcycling. Custom parts and equipment coverage protects upgrades. Riding gear coverage can apply to helmets and jackets. Roadside assistance helps after a breakdown, and trip interruption can assist when a ride away from home is cut short. An exclusion is a situation the policy doesn’t cover.

You’re not on your own. Contact Peter Laczko Insurance Inc., serving Woodstock, GA today to find out more.