Do I Need Motorcycle Insurance in Florida?

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Do I Need Motorcycle Insurance in Florida?

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Deciding whether to invest in motorcycle insurance is an important financial decision. There are costs and benefits for almost any insurance plan, and comparing these costs and benefits can help with the decision-making process. So can learning about the different types of motorcycle insurance plans available. If you find yourself in an accident, do not hesitate to contact a Tampa motorcycle accident lawyer for advice.

Do I Need Motorcycle Insurance?

While Florida may not always require motorcycle insurance for registering a motorcycle with the Department of Motor Vehicles (DMV), riders could face other issues. In the event of a motorcycle accident, uninsured motorcyclists could face financial losses and license suspension. Either way, not having motorcycle insurance comes with risks.

Florida does require motorcyclists who choose not to wear helmets to have insurance coverage of $10,000 for medical bills. Not doing so may result in certain legal penalties. The main risks of not having motorcycle insurance are these legal penalties and monetary losses after an accident.

The benefits of purchasing motorcycle insurance are avoiding these issues and having some level of financial security. When an accident does happen, you know you will have something to fall back on. Minimal liability coverage could prevent you from paying thousands of dollars after a motorcycle accident.

Do I Need Motorcycle Insurance in Florida?

When it comes to the costs of motorcycle insurance, the only real cost is the price itself. Make sure you purchase motorcycle insurance you can afford while at the same time agreeing to a deal that is fair. The last thing you want is to pay for insurance that barely covers you. Researching the different types of motorcycle insurance policies can help.

Types of Motorcycle Insurance

There are four main types of motorcycle insurance out there. These include personal injury protection, comprehensive coverage, liability coverage, and collision coverage. Personal injury protection is only offered in no-fault states because this is designed to cover all parties, regardless of who caused the accident.

Comprehensive coverage pays for damages to vehicles, but only for unexpected disasters. This coverage does not work for motorcycle accidents. Liability coverage is meant to cover bodily injuries and property damages in a motorcycle accident. Coverage from this may apply when you are being sued for the accident.

Collision coverage is designed to pay for vehicle repairs in the event of an accident. Guest liability coverage is another option if you tend to share your motorcycle with a passenger. This will cover a passenger’s injuries and other damages after an accident.

If you have any questions about what to do after an accident, try contacting a Tampa accident lawyer for help. An experienced lawyer can help you compare options for compensation.

Tampa Motorcycle Accident Attorney

Going through a severe motorcycle accident is not always easy in terms of recovering financially. You can call the Rebein Law Firm today at (813) 305-7285 to talk to a Florida accident lawyer for a free consultation. Our legal team can help you seek compensation for your vehicle repairs, pain and suffering, and medical costs. We are located in the Florida cities of Tampa, Hillsborough, Pinellas, Sarasota, Manatee, Pasco, and Polk County.

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