Property Damage

Property Damage Liability is required by NYS law. This coverage pays for damage you (or someone driving the car with your permission) may cause to someone else's property. Usually, this means damage to other cars in the accident, but it also includes damage to lamp posts, telephone poles, fences, buildings or other structures your car may hit.
 

Uninsured Motorist Bodily Injury

Uninsured Motorist Bodily Injury coverage is required by NYS Law.  It provides coverage in the event you and your guest passenger are injured in a covered accident caused by a hit-and-run driver or a negligent, uninsured/underinsured driver. This coverage does not pay for any damage to your motorcycle or damage to other property.
 

Personal Injury Protection

Personal Injury Protection (PIP) coverage is commonly known as
No-Fault coverage.

This coverage includes the following benefits (applicable limits are established by NYS and may be adjusted periodically):

Medical Expenses – reasonable and necessary expenses incurred for
the care, recovery or rehabilitation of the injured person.
Work Loss – wages you would have earned if you had not been
hurt (subject to maximum monthly amount and time period).
Other Expenses – expenses for services you are no longer able to provide for yourself or your family because you are injured, such as housekeeping or yard work (subject to maximum daily amount and
time period).
Death Benefits – paid up to a specific limit per person.

It is wise to consider higher limits over the basic requirement for
No-Fault protection since it is relatively inexpensive, and it increases your level of protection in a very cost effective manner.
 
Supplemental Uninsured Motorist (SUM)

SUM coverage may be purchased to supplement your basic required Uninsured Motorists Bodily Injury coverage. If you have an accident with another vehicle that has bodily injury liability limits lower than yours, or has no insurance at all, SUM coverage will be activated. SUM also covers accidents occurring out-of-state, which are not covered under the basic required Uninsured Motorists Coverage. The amounts paid under SUM will be reduced or offset by any amounts recovered from another party’s auto insurance liability policy.
 
Optional Basic Economic Loss

Insurers must offer OBEL Coverage.  This coverage elevates the required $50,000 of PIP by an additional $25,000.  Once the basic limits of $50,000 have been reached on a claim, the $25,000 OBEL benefits can be designated by the injured person to be applied specifically to payments for loss wages or for rehabilitation, or for all elements of PIP.
 
Comprehensive

Comprehensive coverage helps pay the cost to repair or replace your motorcycle when the damage is not caused by collision.  This would include damage by a falling object, hail, fire, theft, vandalism, explosion, earthquake….   You share in this cost by paying a deductible.  If you choose a higher deductible, your premium rate will be lower
 
Collision

This coverage helps pay for damage to your motorcycle as a result of a covered collision with another vehicle or other object such as a telephone pole.  With this optional coverage, your policy will pay you for damage to your motorcycle without regard to fault.  A deductible applies to this coverage.  If you choose a higher deductible, your premium rate will be lower.
 
Accidental Death and Dismemberment

Some insurance companies offer AD&D coverage.  Under the terms of the policy, AD&D will pay you, your family members or other occupants of your car a set amount for certain serious injuries or death caused by an accident while in your car.  This amount is payable in addition to any amount collected under your policy no-fault or liability coverage.
 
Supplemental Spousal Liability Insurance

SUM coverage may be purchased to supplement your basic required Uninsured Motorists Bodily Injury coverage.  If you have an accident with another vehicle that has bodily injury liability limits lower than yours, or has no insurance at all, SUM coverage will be activated. 
SUM also covers accidents occurring out-of-state, which are not covered under the basic required Uninsured Motorists Coverage.  The amounts paid under SUM will be reduced or offset by any amounts recovered from another party’s vehicle insurance liability policy.
 
Rental Reimbursement

If your car is being serviced or repaired due to a covered loss, you don’t have to be without transportation.  This coverage is sometimes referred to as “extended transportation” or “rental car coverage” and will reimburse you the “cost per day” that you select to purchase under your policy.  Some carriers require you to purchase both comprehensive and collision coverage before they will offer this product, while others will provide it when you have only purchased comprehensive coverage.
 
Towing and Labor Costs

This coverage will reimburse you up to the limit you select for your necessary towing charges should your insured motorcycle become disabled.  If you are covered by a “road-side assistance” service
through another program, you may not need to add this coverage to your Motorcycle policy.
 
Custom Parts and Equipment
Coverage can be purchased for up to $5,000 of custom parts.  Custom Parts and Equipment covers special equipment, devices, accessories, enhancement and changes other than those that are original manufacturer installed, which alter the appearance or performance of the motorcycle. This includes but is not limited to:

• Any electronic equipment, antennas and other devices used exclusively to send or receive audio, visual or data signals or play back recorded media, other than those which are original manufacturer installed, and that are permanently installed on the motorcycle using bolts or brackets including slide-out brackets

• Sidecars

• Trailers designed to be pulled behind a motorcycle

• Conversion kits

• Custom paint, custom plating or custom exhaust

• Safety riding apparel, including helmets.

 

Factors That Impact Your Auto Insurance Premiums

Many factors are taken into account when determining your premium. One of the most important is your driving record.

Your driving record is crucial in determining your premium and your insurability.  Most companies charge substantially more to insure drivers with a history of traffic violation convictions or chargeable accidents than those who have relatively clean records.  Some companies are not willing to insure drivers that have multiple accidents or violations. 

Depending on the company, at-fault accident surcharges can be as high as 40% of your premium.  Most insurance companies use a point system to assign surcharges to your policy for chargeable accidents and traffic violation convictions.  Premium surcharges resulting from accidents or convictions are governed by NYS Insurance Law and Regulations, which allows surcharges to be applied during the experience period (usually three years) for specified incidents. The insurance company point system is separate and distinct from the NYS Department of Motor Vehicles point system that’s applied to your driver’s license.
Other factors used in determining your premium include the type of vehicle you drive, where you live and how much you drive, as well as your age and driving experience.

In NYS, these risk factors are grouped by classifications for rating purposes to assure that risks with similar characteristics receive comparable pricing treatment.  In this way the risk of incurring losses is spread among many policyholders who have similar characteristics.  You should notify your agent or insurer of any changes while the policy is in force, such as a change of your address or the addition or deletion of a vehicle or driver.  An insurer, by law, must revise your premium if it discovers certain information (e.g., that your vehicle is used for purposes other than those listed on your application, other persons operating your vehicle, or surchargeable accidents or convictions), that change the rating exposures.  Failure to notify your agent or insurer of any changes also puts your policy in jeopardy of being cancelled due to misrepresentation.
 

Guest Passenger Liability

This coverage provides protection for legal liability in the event that a guest passenger on the insured’s motorcycle is injured.
 
 
Bodily Injury Liability and Property Damage Liability

Bodily Injury Liability and Property Damage Liability insurance are required by NYS Law. This insurance covers your legal liability for an accident where there is damage or injury to someone else up to the limits you have selected.  Your insurance company pays for the cost to replace or repair damaged property (the other vehicle or structures such as, lamp posts, telephone poles, fences, etc. that your cycle may hit), the medical bills and wage loss incurred by the injured person(s), and other damages you are legally obligated to pay as a result of an accident. 
 


Motorcycle Insurance Get A Quote Now

There is a wide range of coverage options from which to choose. The Bradley Agency offers a rate for nearly every rider and every motorcycle, including special policy coverage options for customized motorcycles and for motorcycles over 25 years old. Following is
a general description of the coverages available under a motorcycle insurance policy. 

Minimum Coverage Requirements:
Bodily Injury (BI) – 25/50; $25,000 per individual and $50,000 per occurrence
Property Damage (PD) – $10,000
Uninsured Motorist Bodily Injury (UM) – 25/50; $25,000 per individual and $50,000 per occurrence
Personal Injury Protection (PIP) – $50,000

Optional Coverage:
Higher Limits on all mandated coverages listed above
Guest Passenger Liability ...
Supplemental Uninsured Motorist (SUM)
Optional Basic Economic Loss (OBEL)
Comprehensive...
Collision...
Towing and Labor Costs...
Custom Parts and Equipment...

For more information, go to: www.iii.org or www.ins.state.ny.us or www.nysdmv.com.

2022 Western Avenue • Albany NY 12203 • Office hours: Monday - Friday 9:00am - 5:00pm
Phone: 518.452.2736 • Fax: 518.452.2851 • Email: insurance@bradleyagency.com


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