Motorcycle and Boat Insurance

Motorcycle Insurance

Like auto insurance, motorcycle insurance helps you recover financially from damage, injuries and expenses related to an accident. It’s a contract between you and the insurance company in which you agree to pay a premium in return for the insurance company agreeing to pay for losses outlined in your policy.

• Liability: Liability is almost always required for operating a motorcycle. If you’re at fault in an accident, liability coverage pays for repairs to the other vehicle, medical costs for any passenger injuries, plus other expenses related to the accident.
• Collision: Collision coverage helps pay for repairs to your bike if you cause an accident. It will also help cover the cost of replacing any riding apparel and helmets damaged in a covered incident.
• Comprehensive: If your motorcycle is stolen or is damaged by something other than a collision, like a tree falling on it, comprehensive coverage will help pay for repairs or even replace your motorcycle altogether. With both collision and comprehensive, you’ll have to pay a deductible before insurance takes over payments.
• Medical Expenses: Motorcycle owners have unique injury risks, so having the right amount of medical coverage is crucial, especially if you don't have health insurance. Medical Expense coverage will help pay for medical costs regardless of who caused the incident.
• Optional Equipment: Customizing your motorcycle really makes your bike yours. But they’re not cheap — and neither is repairing or redoing them if your bike is damaged. In most states, you'll receive an automatic $3,000 in accessory coverage just for purchasing collision or comprehensive.
• Trip Interruption: If your dream motorcycle ride is hundreds of gorgeous miles over a few days, don't let a mechanical breakdown, collision, or comprehensive claim slow you down.
• Uninsured/Underinsured Motorist: This covers you if you have injuries and property damage in an accident and the driver at fault either doesn’t have insurance or doesn’t have enough insurance to cover your loss. It will also cover you when a hit-and-run driver flees the scene and you can’t file a claim against their insurance company.
• Towing and Labor coverage: Motorcycle towing and labor coverage kicks in if you're stranded, your bike breaks down, or you need a tow.

Boat Insurance

Boat insurance is like auto insurance for boats. If you have a motorboat, sailboat or personal watercraft, insurance helps you recover financially from damage, injuries or theft. It may also help protect you if you accidentally injure someone or damage their property with your boat. Typical coverage in a boat insurance policy include:

• Liability
• Property Coverage
• Medical Payments Coverage
• Uninsured Boaters coverage

You can also purchase coverage for the things you need as a boat owner like boat trailers, accessories, special equipment and towing coverages.

Limits and Deductibles

As with any insurance, coverage limits apply to your boat insurance claims. Limits are the maximum amount your policy will pay out after a covered loss. You’ll typically find that each type of coverage with the policy has its own limits.

If you need to file a claim, you’ll likely need to pay your deductible before your insurance kicks in to help pay for the loss.