How do I choose liability for my motorcycle insurance?
While most states have minimum liability requirements, this is not always the smartest choice. First determine what you would have to lose if you were to be sued for all you are worth. Consider all your assets such as your home, cars, jewelry, etc. It is not uncommon for lawyers to go after your future wages. A good rule of thumb to consider is 30% of your income for the next 5-10 years. You can of course insure yourself for more if you feel more comfortable. Another important point to consider is the liability to other's vehicles. State minimums aren't always adquate. It's hard to do a lot of damage to others on a motorcycle. If you were to hit a brand new Mercedes, it will cost much more to repair than an 88 Yugo. You will see liability limits written 50/100/50. The first number is your per person limit, the second is per accident, and the third is damage to other's property. You can appline online for
motorcycle insurance or
scooter insurance.
About the Author
Jeff Walther is an
insurance agent in Fresno, CA. He specializes in
motorcycle insurance, errors and ommisions insurance,
condo insurance, and
renters insurance.