Motorcycle trip insurance is a relatively new type of insurance that covers the rider, motorcycle, and passengers by insuring them against all of the risks associated with traveling on a motorcycle. This includes damage to the vehicle, medical coverage for injuries sustained in an accident, and even theft protection.
Suppose you like to take out your bike at every opportunity. In that case, it’s time to consider motorcycle travel insurance. The motorcycle accident attorneys with The Fran Haasch Law Group would like to share some information to help buy this kind of insurance easier.
What Kinds of Motorcycle Travel Insurance Policies are Available?
There are a few different motorcycle trip insurance policies to choose from. The most common type is the physical damage policy, which covers your bike if it’s damaged or stolen while you’re on your trip. This policy will also cover any medical expenses incurred due to an accident. If you’re traveling with passengers – as part of a motorcycle touring group, for example – they’ll also be covered by the policy.
Liability Travel Insurance Coverage
Many specialist travel insurance providers offer liability coverage, which covers you if you injure someone or damage their property while riding your motorcycle. This type of policy is usually mandatory in some states and can be very helpful in protecting you from costly legal bills if something goes wrong.
Travel Medical Insurance
Your insurance company may also offer travel medical insurance coverage for riders and passengers. This policy will help pay for any medical expenses you or your passengers incur while traveling on a motorcycle. However, it’s important to note that some policies will only cover riders and not their passengers. So look very closely at the details if you plan on bringing someone along for the ride.
Travel insurance policies also typically offer the following:
- Emergency assistance – This covers the cost associated with getting help in case of an accident or breakdown; this is often available even if you’re riding outside of North America
- Travel expense reimbursement – If your trip is interrupted for any reason (accident, injury, etc.), then this policy will reimburse expenses incurred as a result such as plane tickets and hotel rooms
What Will the Typical Policy Offer Cover?
The good news about most motorcycle trip insurance policies is that they offer pretty comprehensive coverage. This means that you’re likely to be covered for most, if not all, of the risks associated with riding a motorcycle while on vacation. Below is a list of some things typically included in a policy:
- Medical payments – if you are hurt in an accident or have to get medical treatment for any reason, this pays the cost associated with emergency room visits and surgery
- Personal liability protection – This type of insurance will pay for all legal fees related to personal injury lawsuits arising from motorcycle accidents (this does not include damage claims)
- Personal property – You can add on additional coverage that provides reimbursement if something breaks while traveling such as electronics, clothing, or other valuable items; it also covers loss of cash and credit cards
- Repairs or replacement – If your bike is damaged or stolen while on your trip, this insurance will help cover the costs of repairs or replacement
- Accidental death – If you die as a result of an accident while riding your motorcycle, this policy will provide financial assistance to your loved ones
How Much Does Motorcycle Trip Insurance Cost?
Unfortunately, there isn’t a standard motorcycle trip insurance policy. This is because the cost of coverage varies based on several different factors, including:
The length of your vacation
Longer trips will be more expensive to insure than shorter ones as you’ll have more time for something to go wrong and subsequently need compensation.
How many people are traveling with you
If you’re going alone, then it’s likely that your protection will be less costly, but taking a group or family members with you could significantly increase the price tag. In some cases, liability policies require a specific number of riders (usually two) before providing protection. Keep this in mind when deciding how much coverage you need.
Where you’re going
If you plan to travel outside of the country, then it’s likely that your insurance will cost more than if you were riding in North America. This is because health care costs are often higher abroad. These costs are factored into the price of an international policy. This also goes for any region where motorcycle accidents tend to be more common such as regions with poor road conditions, lots of hills or winding roads, etc. There’s a good chance your policy will cost less if you only plan to participate in on-road motorcycling activities.
There are plenty of companies that can provide coverage if you plan on using your motorcycle abroad. For example, in the United Kingdom, these include Navigator Travel Insurance, Holidaysafe, and others.
Basic travel insurance for motorcycle riders could cost anywhere from $20-$30/day, while hospital and medical coverage can range between $40-80 per day, depending on what type of plans you select (some policies only cover rider injuries but not passenger ones). A comprehensive policy covering all of the risks mentioned above could cost anywhere from $100-$300 for a week-long trip.
As you can see, the price of motorcycle trip insurance varies widely, so it’s essential to do your research and find the best deal for your needs. By comparing policies, you can ensure that you’re getting the most bang for your buck (or bike, in this case).
What’s the Difference Between Motorcycle Trip Insurance and My Regular Insurance Policy?
If you have a motorcycle, then the chances are that you already carry some type of liability insurance policy to cover any damage or injuries caused by your bike. However, if this is the case and you only plan to use it while driving around town, then there’s no reason to get extra protection when you take off on vacation. Doing so would be like buying homeowner’s insurance but never actually living in the house.
Even though it might seem redundant, purchasing additional trip coverage can save money overall because many policies offer significant discounts for combining multiple types of insurances into one package instead of paying for each individually (as long as all trips are covered under the same provider). For example, some providers will give new customers half-off for their first year for adding motorcycle trip insurance to an existing policy.
Important Considerations to Keep in Mind
It’s also important to note that your regular liability coverage only covers injuries or property damage caused by you as the vehicle driver. Therefore, it doesn’t address any potential third-party liability issues (such as pedestrians who might get hit on a busy city street). Trip insurance can fill this gap if needed since it will help pay out benefits even when you’re at fault; however, there are some things to keep in mind before purchasing these protections:
The wording of your policy
Most policies have strict definitions about what “at-fault” means, so if you want protection during all trips, then make sure that all terms match with those listed on your plans. They might not offer the same level of coverage.
The exclusions
Motorcycle trip insurance doesn’t cover specific events or circumstances, as with most insurance policies. For example, if you’re injured while riding a motorcycle not rented from an authorized dealer, you might not be able to file a claim. So make sure to read over your policy carefully to know what is and isn’t protected if something happens during your trip.
In conclusion, it’s always important to have some type of coverage when traveling on vacation – whether you’re driving a car or cruising around on two wheels. By comparing different policies, you can ensure that you’re getting the best deal possible and cover all of your bases in case of an accident.
The Fran Haasch Law Group attorneys hope you never have to use motorcycle travel insurance. But if you’re ever hurt in an accident that’s not your fault, and you’re having a hard time getting your claim approved, we’ll be here to help. Just get in touch with us for a free case evaluation to learn more.
