If you’ve recently bought a motorcycle, you might have a few questions about insurance. The various laws and available policies are different for this two-wheeled vehicle. You might not be familiar with the topic if you’ve only driven a regular car. Use the following guide to answer some frequently asked questions about motorcycle insurance.

A Brief Guide to Motorcycle Insurance

What does it cover?

The average motorcycle policy will cover damage to your bike and any bodily injury you may cause to others. Most plans also include liability protection, which provides funds for legal costs such as lawyer fees and court-awarded damages.

Is it required? 

All motorcyclists in Arkansas are required by law to have minimum coverage. This includes $25,000 per person for bodily injury, $50,000 for each accident involving two or more people, and $25,000 for property damage.

Does the insurance cover passengers?

Some policies include protection for passengers, but it depends on the coverage you select and your provider’s guidelines. If you plan to ride with passengers often, you should speak with a qualified insurance agent to discuss your liability limits and determine if you should have additional coverage. 

Do you need to pay for coverage if you store the bike during the winter?

While you might be able to suspend payments for a specific period, you should keep your policy active throughout the year. You never know when you might need to take the bike out during the off-season, whether for an emergency or simply to enjoy an unseasonably warm day. Riding while your insurance is inactive is not worth the risk.

Does motorcycle insurance cover theft?

Liability coverage only addresses damage caused during a collision. Speak with an insurance agent if you’re interested in investing in more comprehensive coverage. Some plans can be used to cover losses related to theft and vandalism.

To find the right insurance policy for your motorcycle, get in touch with Phil Taylor Insurance Agency in Clarksville, AR. You can trust this company to give you sound advice about affordable plans that provide the protection you need. They also specialize in auto, life, and business insurance. Visit their website to learn more, or call (479) 754-2616 to schedule an appointment.