There are several insurance companies that cater to all kinds of motorcycle insurance in California. They offer dozens of useful hints that save you a lot of dollars. If you want to buy motorcycle insurance, it is advisable to shop more than 25 top rated, best service insurance companies for the lowest premium. Additional discounts are given for being a safe rider, insuring more than one bike, and touring bikes. A bike owner is very likely to get a medical expense policy without any hospitalization insurance.
The coverage for motorcycle insurance is very different from that of an automobile insurance policy. Motorcycles give less protection than automobiles, so the chance of severe injuries is high. Motorcycle insurance serves to reduce a high percentage of money loss in accidents.
There are various types of motorcycle insurance coverage in California. Liability (bodily injury), property damage, uninsured or underinsured motorist, comprehensive, collision, and medical expenses are among them. If an accident occurs due to the fault of the motorcyclist, the liability coverage pays the injured person. According to California motorcycle insurance law, the insurance companies have to spend $15,000 per person for an injured person and $30,000 for all injured persons in a single accident. Property damage coverage will pay for the property that is damaged by your motorcycle. The law requires $5,000 for the destruction of property of others. Collision coverage requires comparatively large amount of deductible than that for standard bikes.
If an accident is caused by an uninsured person or those who do not have enough bodily injury coverage to satisfy your claim, uninsured or underinsured motorist coverage will pay for you. It also meets your medical bills, pain and suffering, lost wages and future damages. The coverage pays around $30,000 per person and $60,000 for all persons injured in any one accident. Comprehensive coverage pays for losses due to theft, flood and fire, while medical expenses coverage meets all medical expenses.
By: Eric Morris
Posts Tagged ‘Insurance Law’
California Motorcycle Insurance
March 7th, 2010California Auto Insurance Laws – CA Car Insurance Laws That You Need to Know
January 11th, 2010What are some of the California auto insurance laws that CA residents need to know? California is a tort law state for auto insurance, which basically means you can sue the other party if you are injured in a car accident. There are several other car insurance laws that consumers in the Golden State should be aware of before looking for car insurance.
In California, the law requires you to carry at least liability coverage in the limits of 15/30/5, which means:
$15,000 bodily injury coverage per person hurt in a car accident
$30,000 bodily injury coverage per accident in total
$5,000 coverage for property damage liability
This coverage is to protect others in case of an accident where you are deemed to be at fault. However, the minimum limits are very low and are unlikely to be sufficient to cover the expenses of a serious car accident. In this case you could be personally sued for the excess. For this reason it makes sense to carry higher limits of liability coverage.
There is a California which law requires insurers to give the lowest price to the consumer that he or she is eligible for. All companies operating in the state must have a toll-free number and/or a web site with quote capabilities available to consumers in order to meet the requirements of this law.
CA car insurance laws state that when you purchase liability coverage the insurer must offer you uninsured motorist coverage. If you decide against it, you must actually sign a form stating that you have declined this coverage.
Now that you are fully aware of the California auto insurance laws that you need to know, you are ready to start shopping for California car insurance. You can get started quickly and easily by using an online quote tool. In no time, you’ll be comparing a variety of quotes from top CA insurers.
Auto Insurance Law – An Overview of Auto Insurance Legal Side
January 11th, 2010There are laws governing everything, everywhere. And this would include your Auto insurance policy. From state to state the auto insurance laws vary. What exactly is the purpose of the law?
The driver’s community’s safety will be ensured. Before car owners can legally drive their vehicles, they are required to buy a minimum amount of bodily injury and property damage liability insurance found within the bounds of the financial responsibility laws of all states. This is to insure that people involved in an automobile accident can furnish proof of financial responsibility up to certain minimum dollar amount. To be in accordance with such laws, most drivers obtain auto liability insurance. Since accidents may end up costing a great deal more than the minimum coverage levels mandated by most states, consumer groups and the insurance industry typically recommend carrying a minimum of $100,000 in bodily injury protection per person along with $300,000 coverage per accident.
If the policyholder is found legally responsible for causing the accident, the minimum coverage mentioned earlier, including Bodily Injury Liability and Property Damage, provides benefits to pay claims against him or her. However it’s wise to go beyond the minimum when it comes to auto insurance as you need to have enough liability insurance to protect yourself in case you’re ever involved in a serious accident – you could be sued for a larger sum of money than you could afford which would cause a serious financial burden.
While uninsured motorist and underinsured motorist liability coverage is optional, the laws governing them along with those regulating Bodily Injury and Property Damage liability typically apply equally to both cars and motorcycles.
