Wisconsin insurance for motorcycle owners and drivers
Wisconsin law requires that all motorcyclists have insurance coverage. That being said, it is very important to be knowledgeable about exactly what kind of insurance is required and what kind of additional insurance could help you, if you were ever involved in a motorcycle accident.
Required insurance coverage for motorcycle owners and primary drivers in Wisconsin
The following are the three types of minimum insurance coverage Wisconsin law mandates for all motorcycle owners and primary drivers.
· Bodily Injury Coverage: If you caused a motorcycle accident in which someone else was injured, this insurance will pay for their losses. This can include medical bills, lost wages, pain and suffering, disability, replacement services, loss of life, and other damages the injured might incur. A minimum of $25,000 per person and $50,000 per accident is required.
· Property Damage Coverage:This type of insurance covers any property damaged as a result of an accident that you caused. This can be another motorcycle, any other kind of vehicle, or any kind of personal property owned by the innocent party. A minimum of $10,000 of property damage insurance is required.
· Uninsured Motorist Coverage:If someone else causes an accident in which you are injured and they don’t have vehicle insurance, this kind of coverage will cover your damages, paid out by your own insurance company. A minimum of $25,000 per person and $50,000 per accident is required.
Other motorcycle insurance coverage
In addition to the required insurance for motorcycle owners and drivers, types of insurance offered is largely the same as it is for any other motor vehicle coverage. Some require a deductible.
· Comprehensive Coverage: This insurance will cover damages to your motorcycle in all kinds of instances, other than a collision. Examples of such damage to your bike are those caused by fire, hail storms, flooding, theft, vandalism, or other circumstances.
· Collision Coverage:This addition to your motorcycle policy would cover repairs or full or partial replacement of your damaged motorcycle in a collision, regardless of who was at fault.
· Underinsured Motorist Coverage:If the at fault’s policy is not sufficient to cover all of your medical bills and/or property damage, this type of coverage will enable you to receive additional funds from your own insurance company, depending upon how much coverage you opt for.
· Medical Payments (MedPay) or Personal Injury Protection (PIP) Coverage: These are no-fault benefits that covers medical expenses that can kick in right away for you and/or an injured passenger.
There are even more provisions available for you, your motorcycle and your passengers. When deciding on what insurance coverage to purchase, make sure you understand what each provision provides and compare several different insurance companies. Costs and coverages can vary.
If you have any questions about this topic or any other questions related to personal injury law, please call us at 920-725-8464, or toll free at 1-800-529-1552. Our personal injury consultations are always free.
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