Florida Motorcycle Insurance
Love your bike? iPex can help insure your motorcycle from theft or vandalism, along with any liability or medical coverage that would be needed in the event of an accident while riding your motorcycle. iPex offers great quality, low-cost insurance to protect you and your motorcycle.
- iPex has "Accessory Coverage" that is designed to insure the enhancements and extra devices that have been added to the motorcycle.
- Guest passenger liability can cover the bodily injury suffered by guests riding on the back of the motorcycle.
Motorcycle insurance covers liability insurance similar to an auto insurance policy, except that it insures any damage done to others while riding the motorcycle. Most importantly, you can also add medical payments coverage, comprehensive, collision, and even roadside assistance to fully cover your bike. iPex will even give you a discount if you have your auto policy with us.
Understanding Florida Motorcycle Insurance Coverages:
All of the different parts of motorcycle insurance can get confusing. We've explained each coverage type below that might go into your policy.
- Accessory Coverage
Accessory Coverage is a form of motorcycle insurance that covers equipment, devices, enhancements, and changes, other than those which the original manufacturer installed, which alter the appearance or performance of a covered motorcycle.
- Liability Insurance
This coverage is legally required in Florida and most other states.
Provides coverage for any injuries & property repairs for the other party (if you are found at fault) in an accident.
Coverage starts out at $10,000 per person, $20,000 per occurrence, and $10,000 in property damage. However, your premium can increase or decrease based upon the coverage limits you select.
Liability insurance pays to repair or replace the other drivers' car and pays the other parties medical expenses when you are at fault in an accident. Liability insurance is made up of Bodily Injury Liabilityand Property Damage Liability.
Bodily Injury (BI) Liability Liability provides important protection if you injure someone and/or if an injury in an accident results in death while operating your motorcycle. This form of insurance is important and something you want to keep at a consistent level, even as your motorcycle gets older and declines in value. In the event of a serious accident, you want enough insurance (higher limits) to protect assets that may become subject to a lawsuit.
Property Damage (PD) Liability Property Damage (PD) Liability provides you with protection if your motorcycle damages someone's property, and it also pays for your legal defense costs if you are sued as a result of these damages.
Together, Bodily Injury Liability and Property Damage Liability coverage makes up the minimum state required coverage for all Texas drivers.
Liability coverage does not pay to repair or replace damages to your vehicle and/or any medical expenses you may incur in an accident if you are at fault. Consider purchasing additional types of coverage such as medical payments, collision, and comprehensive to pay for these expenses.
- Comprehensive & Collision Insurance
Comprehensive & Collision insurance help cover the repairs or replacement of your motorcycle.
Choosing a lower deductible will increase your premium & choosing a higher deductible will decrease your premium.
If you lease or finance your motorcycle, comprehensive & collision is typically required by the lender.
Together Comprehensive and Collision insurance provides full protection for your vehicle in the event of an accident, whether you are at fault or not.
Comprehensive Insurance provides protection for your vehicle if it is damaged by something other than a collision with a vehicle or object, such as: Fire, Theft, Vandalism, and Collision with an animal, or other covered perils.
Collision Insurance is a form of car insurance that pays for damage to your car when your car hits, or is hit by, another object. A-MAX Auto Insurance offers a number of affordable insurance deductibles. You can opt for a higher deductible in order to lower your premium.
Deductible refers to the amount of out-of-pocket expenses you are responsible for to cover the repairs to your vehicle in an accident. Common deductible amounts include $250, $500, or $1,000.
Comprehensive and collision provide full protection for your vehicle in the event that you cause an accident or another unpredictable event causes damage to your vehicle. Glass coverage is also included under the comprehensive portion. When you add comprehensive and collision to your policy, this is typically referred to as “full coverage".
- Personal Injury Protection Insurance (PIP)
PIP is typically more expensive than Medical Payments Coverage because it does more for you.
In the state of Texas, you can carry either PIP or Medical Payments, not both.
PIP also covers you while you are walking as a pedestrian.
Personal Injury Protection (PIP) Insurance typically pays for the medical, hospital, funeral, and/or lost wages incurred by you and any passengers injured in an accident in your car regardless of who is at fault for the accident.
Personal Injury Protection covers you and your passengers in the vehicle, without any standard deductible to pay before it pays out. It can cover the hospitalization and rehabilitation for you and your passengers, up to the policy limits that you choose. PIP only applies towards medical expenses, not any property damage. PIP also covers substitute services if the auto related injuries prevent you from performing your standard household tasks.