Some motorcyclists make the mistake of only purchasing insurance that is required by Colorado. However, buying just the minimum will not be enough coverage in the event of a severe accident. There are a wide array of coverages available to motorcyclists in the Denver, CO area. An agent at AFI Insurance can review your particular situation and help you build a custom policy to protect you and your motorcycle.
The state of Colorado requires a motorcyclist carry $25,000 for injury or death per person or $50,00 for two people. In addition, one must carry $15,000 in property damage. As you can see the minimum limits would completely deplete in the event of a severe accident.
There are many options available to motorcyclists to make sure you are adequately insured.
A motorcycle is an expensive asset that you need to protect. Collision coverage can be purchased to repair or replace your motorcycle in the event of a crash.
Bodily injury coverage can be purchased to cover certain expenses that you may occur when you are at fault, and the third party is injured.
Unfortunately, there are too many underinsured or uninsured drivers on the road. By purchasing uninsured/underinsured coverage, you will be protected if you are in an accident with a driver who does not carry enough coverage to pay for your injuries.
Finally, medical coverage can be purchased to cover your medical bills such as prescriptions and home care following an accident. This coverage is critical if you do not have a health care plan.
In addition, you may want to protect your bike from events that happen off the road such as theft, vandalism or a tree falling on the bike. For this sort of protection, you will want to ask your agent at about comprehensive coverage.
No matter if you take your bike around town in Denver, CO or across the country you will want to be adequately insured. If you are interested in learning more about coverage options for your motorcycle, please reach out to an agent at AFI Insurance. We proudly serve the Denver, CO area.