Do I need more than basic motorcycle insurance

What could be better than getting on your motorcycle in Salt Lake City, UT and heading out to the open road? In the state of Utah, motorcycles are required to carry basic insurance. The requirements are bodily injury $25,000 for each person up to a total of $65,000 if more than two people are involved. Property damage coverage of $15,000 is also mandated. While PIP is not required on motorcycles, it is something you may want to consider since Utah is a no-fault state. These are the basic required coverages, but do you need more motorcycle insurance? Talking to the team at M8 Insurance can help you to decide.

If you have little or no assets then you may be perfectly happy and adequately covered by basic motorcycle insurance. But if you own a home or have other savings and assets you may want to consider increasing the amount of liability insurance that you choose to carry. Liability insurance can help protect you in the event that you are sued and incur both legal costs and the possibility of a judgment against you. 

If you have a newer motorcycle chances are that you have a loan and when you have a loan your lender will require that you have collision and comprehensive coverage.  Once the loan is paid off you may be tempted to go for the less expensive option of dropping collision and comprehensive. This means that if you have an accident where you are deemed to be at fault, the responsibility to repair or replace your bike will fall to you. Especially if you have a custom bike this could be a very expensive proposition.  

Why not stop in at the office of M8 Insurance in Salt Lake City, UT or give us a call. We know the laws in many states and also understand the benefits of full protection for the investment you have in your motorcycle.