One of the most important protections that motorcycle insurance offers is protection against damage to your bike. Policies can protect against damage through a few different coverages. Here are three main ones.
Collision Coverage
Collision coverage generally covers the cost of repairing your motorcycle if you’re involved in a traffic accident, regardless of who is at fault. This type of coverage is especially important in the high-traffic areas around Las Vegas, NV, where the risk of accidents is higher.
You can usually expect collision coverage to pay for repairs or the value of your bike at the time of the accident (whichever is less).
Comprehensive Coverage
Comprehensive coverage generally covers damages to your motorcycle that aren’t caused by a collision. This may include theft, vandalism, animals, natural disasters, and many other perils. Theft, hail, and other risks are significant if you’re in Las Vegas, NV.
Comprehensive coverage typically pays for repairs up to the value of your bike. We at Red Rock Insurance recommend that most bikers get this and collision coverage.
Gap Coverage
Gap coverage is critical for those who finance or lease their motorcycles. This coverage usually pays the difference between what your motorcycle is currently worth and the amount you still owe on it if it’s totaled or stolen. Without this protection, you could be personally on the hook for the difference between your bike’s value and what you owe.
Protect Your Bike
At Red Rock Insurance, our agents have helped many bikers insure their motorcycles. Contact us for help getting the right coverage for yours.
