What Does Motorcycle Insurance Cover?

There are different types of motorcycle insurance policies, with the standard one providing coverage for bodily injury and property damage liability. There are also additional coverage options that could be included or will be made available for riders to purchase. In Austin, TX, all riders are required by law to have a motorcycle insurance cover. If you wish to learn more about the coverage options available or would like to purchase insurance, kindly contact Ty Lawrence Insurance Agency.

Bodily injury and property damage liability

This policy will only cover bodily injury and property damage if the actions of the rider while operating their vehicle results in such. It is important to note that it does not cover the motorcycle or the rider. In Texas, it is required by law that motorcycle riders have this coverage.

Uninsured and underinsured motorists

This is an optional coverage that you can add to your policy. The coverage is designed to cover you and the motorcycle by a driver who is not adequately insured or does not have any insurance. In case they are underinsured, this coverage will pick from where their insurance leaves off.

Medical payments

In case you or your passenger is injured while on the motorcycle, this coverage will cover your medical expenses. In case of an accident, the rider will be covered regardless of whose fault it was.

Collision and comprehensive

This coverage comes in when your motorcycle collides with another vehicle or object on the road. The amount paid will go towards repairing or replacing your motorcycle. However, it will be less your deductible.

Additional coverage

Some insurers may add extra coverage packages in a bid to entice customers to buy their products.

At Ty Lawrence Insurance Agency, we strive to provide affordable insurance policies to our clients. Please contact us to discuss how we can plan the most suitable coverage plan to meet your needs.

Reasons You Should Be Thinking About an Umbrella

If you live in the Austin TX area, you may be curious if you need umbrella insurance. If you believe umbrella insurance is for the rich, this is incorrect.  Umbrella insurance is a policy that extends over and above your other insurance policies. Accidents happen frequently, and you never know when you or your loved one may be found responsible for an accident. 

You have a pool party, and someone dives into the shallow end breaking their neck. Your son has a car accident and causes severe injury to his passenger.  A friend has too many alcoholic beverages at your home and seriously injures a pedestrian on the way home. These are simple examples of why you should be thinking about umbrella insurance because in each case, the liability may easily exceed your homeowner, auto, renters, or other insurance policy.

The umbrella coverage is there to kick in when your other policy involved reaches its limits. The extension provided can help protect your property and financially. Umbrella insurance can also cover situations that do not fall under other policies. For example, it can include personal injury due to a false arrest, false imprisonment, a wrongful eviction, malicious prosecution, slander, or cases of defamation of character. 

You never know when you may have one of these situations or be connected with a severe injury that can quickly use up your other policy’s coverage. An umbrella policy makes it easy to feel secure that your assets are covered.

Ty Lawrence Insurance Agency

At Ty Lawrence Insurance Agency is committed to finding the best deals available for those in the Austin, TX area. We do the work, and you get to enjoy your free time. Contact us today to find the best umbrella for you.