What should I have limits wise on coverage, When I talk to my agent they say you can never have too much insurance, since the more you have the more they make, I feel I might have more coverage than I need. What would other riders recommend?

 

I am not sure what the minimum limits are in your state, but in GA they are 25K liability. Being a personal injury lawyer I think UM coverage is the most important coverage you can purchase b/c its protects you in case some uninsured/underinsured idiot pulls out in front of you. However, most insurers will not offer UM in excess of your liability limits. Thus, I would get as much liability as you can afford so that you can have UM coverage in the same amount. So, if you get 100K in liability, you can now also get 100K in UM. As far as PD (property damage) coverage, you dont need that much b/c its unlikely you will cause damage in excess of 25K if you hit something on your bike and you are at fault.

 

Okay please forget what the lawyer says he is only in business to sue people I can tell you that you should never leave your drive way unless you cannot afford it with less than 100/300/50 on a bike or 100/300/100 in a car. Yes you can go you with less but if you have a nice home and a lot of stuff (i.e. Harley type stuff) people like dvansant will take you stuff if you cause a bad enough accident. Your insurance co will only pay to the limits of your policy and b a lot of courts will consider you uninsured and may make an example out of you by selling your stuff and giving the proceeds to the injured party.

sorry just the facts it ain't kind it ain't pretty but it is the truth

 

As an insurance agent I disagree with you on the property damage. I've had a number of claims where one person was responsible for a multi vehicle collision and others that have also included things like destroying a house. Property damage is really inexpensive; so the difference between say 25K and 100K is usually very small.

Also regarding liability; don't go by the old adage of "I don't have much so I don't need much". In a bad situation you could find your wages garnished for a looooong time.

 

No less than 100/300/100 in my opinion.

 

I agree with the Attorney re: U/M coverage but disagree on Property Damage,(PD) coverage. As a retired, self-employed
independent multi-line claims adjuster, I can tell you from experience, 25k is nowhere near enough property damage coverage. Motorcycle negligently hits auto, driver looses control, auto runs through wooden fence, hits parked twin engine airplane, ensuing fire destroys Lexus SUV and plane, $25,000 PD coverage would hardly pay to clean up the mess much less cover the auto and plane. The average, relatively new vehicle is worth $15-25k, what if you hit a new Mercedes!
Regarding collision/comprehensive coverage on your bike, carry no more coverage that the actual cash value, ACV, of the bike, No matter what you paid for the bike, the test is, what would it cost to replace it with an identical bike. When a loss occurs, you get the ACV at time of loss, not the amount shown under collision/comprehensive coverage. Find yourself a good agent and let them explain your coverage. One of the most difficult parts of my job was explaining to a policyholder, the damages caused by their accident exceeded the policy limits they purchased. The company would pay the policy limits and the remainder of the damages would be the responsibility of the policyholder. If you can afford a nice motorcycle, you really need to purchase sufficient coverage to protect yourself. Ask your agent to explain an umbrella policy, they afford high limits at a reasonable price and come into effect after your basic policy limits are spent. Paying insurance premiums is a pain in the *** but when the accident happens it's good to know you have sufficient coverage to protect yourself.