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Personal Injury Protection Insurance for Motorcycles

When you purchase insurance, you should strongly consider purchasing a policy from a company that offers personal injury protection insurance for motorcycles. Personal injury protection insurance for motorcycles is insurance coverage for medical expenses, as well as other expenses, which result from a covered accident no matter who is at fault. It offers the coverage for the people specified in the policy.

Most states do not require personal injury protection (PIP) coverage, but insurance companies are required to offer this coverage to you when you purchase an automobile policy. Motorcycle policies, however, are not quite the same as automobile policies in some states, and they may not offer this coverage unless the state requires them to. Typically, if a company offers you such a policy, and you decline it, you will be asked to sign a form stating that you were offered the coverage and that you did in fact decline it. This is a standard practice.

Typically, a PIP policy covers the insured person, and the residents of the insured’s household that are related by blood, marriage, or adoption. This includes step children and foster children. Passengers and pedestrians are also covered. Again, it does not matter who is at fault in the accident for this coverage to take effect.

A PIP policy can be expensive. This is mostly due to the rising medical costs across the nation. The policy pays for the medical expenses for injuries that the covered people sustain in an accident, and it must pay for those expenses for up to three years from the date of the accident. There are maximums that it will pay, however.

PIP also provides covered people with income replacement. This means that if you are unable to work as a result of a covered accident, you will receive a weekly income for a specific amount of time. The amount of this income, and the time period varies from one insurance company to another and from state to state.

Personal injury protection insurance for motorcycles may include other benefits as well. It is important to discuss PIP coverage with your insurance agent, and to carefully consider how important such coverage may be to you in the event of an accident before you turn it down. The cost may be high, but the out-of-pocket expenses that you may have further down the road may be higher without this coverage.