All states have minimum insurance requirements for motorcycles, and just like vehicles, you can receive a citation if you fail to meet those minimums.
Motorcycle insurance is vital in the event of an accident. It might be your only means of financial security if you are involved in a serious accident and need money for medical costs, lost wages, and more. Therefore, this legal and economic necessity is something that no motorcycle rider should shrug off.
The Motorcycle Insurance Requirements for Alpharetta ResidentsIn Georgia, you have mandatory minimums required for motorcycle insurance. These include:
While these are the state-required levels of insurance, these should not be your personal minimums. $25,000 is hardly enough for the catastrophic medical costs associated with even a minor motorcycle collision.
Also, as a rider, you are required to carry your proof of insurance on your bike always.
Your Financial Responsibility as a RiderGeorgia is an at-fault state; therefore, if you are found at-fault for causing an accident, then you are personally responsible for paying for the damages. If you have the minimum policy limits on your motorcycle insurance, you would be required to pay from your bank accounts and assets the remaining balances.
You are also required to establish financial responsibility for your motorcycle. Therefore, you would be required to be able to cover the cost of the accident involving your bike. Ways you can do this include:
There are penalties for not having motorcycle insurance in the state of Georgia. These penalties include:
Most riders do not understand the heavy financial burden that comes with a motorcycle accident until it happens to them. By then, it is too late to change insurance policies and receive the compensation necessary to pay for these compounding costs. A motorcycle rider needs to be aware of the potential costs from an accident, and realize that even if they do not cause an accident, the other driver may not have insurance or may leave the scene – making the rider rely solely on his or her own insurance policy.
Motorcycle insurance protects riders and their passengers. Not only will it replace or repair the bike, but it covers other vital expenses after an accident.
Here are just some reasons to reconsider upping your policy from the mandatory minimums:
Not all drivers on the road have motor vehicle insurance, and many will carry the state minimums, which are hardly enough to cover your losses. Therefore, you should also consider adding underinsured or uninsured motorist protection to your insurance policy. Uninsured and underinsured policies will protect you in the event the at-fault party does not have enough insurance to cover your damages, or they have no insurance. Also, if the driver leaves the scene, your uninsured motorist coverage can cover your medical costs, lost wages, and more – while you wait for the police to find that driver who caused your accident.
Injured in a Motorcycle Accident? Speak With an AttorneyMotorcycle accidents are devastating. Most victims will suffer from serious injuries, some of which are life-threatening and leave them permanently disabled.
If you have been seriously Injured in a motorcycle accident, report the incident to your insurance company. Then, contact an attorney from Van Sant Law. Our Georgia team is here to help you receive compensation for your injuries but also work with insurance companies so that you get the most out of your insurance policy.
Schedule a free, no-obligation consultation today at 404-991-5950 or contact us online to get started.