Owning a motorcycle can bring a lot of fun and excitement to your life! Protecting oneself and passengers is also a part of motorcycle ownership. Allen & Associates Insurance Inc. is here to provide the facts and necessary information to Albany, OR area residents who are considering their motorcycle insurance policy options. There is a range of policy options available, and it makes good sense to consider all options when selecting a policy.
Basic Policies vs. Comprehensive Coverage
Oregon requires motorcycle owners to carry basic coverage for their motorcycles. However, many owners opt for the additional protection that a comprehensive policy can provide. In Oregon, riders are required to carry the following levels of protection:
- $50,000/crash — 3rd Party Bodily Injury
- $15,000 — Personal Injury Protection (PIP)
- $25,000/person — Property/Bodily Injury
- $25,000/person plus $50,000/incident — Uninsured Motorist Coverage
- $10,000/crash — Property Damage
It is important to note that these are the minimum coverage levels. Many motorcyclists opt for a more comprehensive policy that provides a higher level of protection. Remember that any damage to property or to a person that exhausts the basic policy levels becomes the owner’s responsibility. Personal assets can come into play if and when an insurance policy is maxed out. In simple terms, this means that once the policy pays out the policy coverage amount, the owner can be on the hook for any additional liability.
Don’t miss out when it comes to comprehensive coverage
The agents at Allen & Associates Insurance Inc. are here to answer your questions regarding policy options in the greater Albany, OR area. We want the motorcycle owners in our community to have the protection they need. Call or stop by today and find out more!