How Much Motorcycle Insurance Coverage is Enough?

How Much Motorcycle Insurance Coverage is Enough?
July 23, 2013 jamesludlow

When I meet with a new client for the first time after they have been in an motorcycle accident, a topic of discussion is how much insurance coverage each party had at the time of the accident, particularly the amount of Uninsured and Underinsured Motorists coverage for the client I am representing.

However, when I ask how much Uninsured or Underinsured coverage the client had, many people only know that they had “full coverage”, but not the dollar amount. If the client’s injury is serious, this may mean that they don’t have enough coverage to fully compensate them, especially if the person who caused the accident had no insurance or only the minimum amount that Indiana requires, which is currently only $25,000.

It is a fact of life that a high percentage of motorcycle accidents involve a serious injury. Given this fact, it is very important to be aware of your insurance coverage and any policy limitations. With the rising cost of health care and inflation in general, motorcyclists should have a minimum of $100,000 in Uninsured and Underinsured coverage, and a minimum of $10,0000 in Medical Payments coverage. If the motorcyclist doesn’t have health insurance, a minimum of $25,000 in Medical Payments coverage should be purchased.

Despite using the best riding practices, accidents occur and riders suffer significant injuries. If you’ve been injured in a serious accident, hiring an attorney who knows what questions to ask can make all the difference regarding what financial recovery you will receive.  Please call the office of Indiana Motorcycle Accident Attorney James Ludlow at 1-877-897-9466 or submit the simple form on the Contact Us page for a free case evaluation and put my experience and knowledge to work for you.