Understanding the specific requirements for motorcycle insurance in your state is crucial. It empowers you to make informed decisions about the coverage you need, ensuring you’re fully protected on the road while living around Canby, OR.
Minimum Liability Coverage
Most states in America require motorcycle owners to have liability insurance, at the very least. Each state sets minimum coverage limits, which can significantly vary. For example, one state might require $25,000 per rider for injuries and $50,000 per potential accident, while another might have higher or lower limits. Ensuring you meet these minimum requirements is crucial to staying compliant with state laws and avoiding fines or legal issues.
Additional Required Coverages
Some states mandate additional types of coverage. For instance, many states require uninsured/underinsured coverage to protect you when accidents occur, and the other party does not have sufficient insurance. This coverage handles payments for hospital bills and other damages when the other vehicle is uninsured or underinsured.
Certain states may also require personal injury protection (PIP) or medical payment coverage. These coverages help pay for medical expenses from an accident, regardless of who is at fault. Ask your insurance agency if they cover lost wages and other costs. Every location has different policies.
Optional Coverages
While state requirements dictate the minimum coverage, riders often purchase additional insurance for better protection. Comprehensive and collision coverage, for example, are not typically required by state law but can provide valuable protection for your motorcycle against theft, vandalism, and damage from accidents.
Oliver Insurance Is There For You
Oliver Insurance is here for you when you need insurance information. Our services are available in Canby, OR, and surrounding areas. Call us today.
