What do I do if the at Fault Party Has Little to No Insurance Coverage?
No coverage by the guilty party is an important reason why you should have the best insurance coverage plan you can afford for yourself; a plan that has an adequate uninsured/underinsured motorist policy. In the instance where the at fault party only has minimal bodily injury coverage, recourse can be taken against your own insurance policy to cover all medical costs incurred from the accident, as well future compensations. It is important to double check your policy because most companies that offer high limits to motor vehicles, restrict the policy limits on motorcycles.
If the at fault party has no insurance at all, recovery would be dependent on assets. When the at fault party has no insurance and no substantial assets, you will again have to refer to your own insurance to compensate you for damages. Uninsured or underinsured motorist coverage is an important part of your insurance policy. It gives you comfort knowing that you’re covered even if the other party is not.
How do I Get My Motorcycle Repaired After an Accident?
To have your motorcycle repaired after an accident, the first thing you should do is take it or tow it to a repair shop that works with insurance. If you do not know any repair shops that work with insurance, give us a call and we can refer you to one. The next step is figuring out who is paying for the repairs.
This is another area that reflects good personal insurance policies. In most cases, the at fault party’s insurance will try in any way possible to reduce your property damage settlement. The insurance will also conduct an investigation to determine fault before proceeding with repairing your motorcycle. Whereas your own insurance will be obligated to repair your motorcycle because you are a customer of there’s.
Once your motorcycle is repaired, the insurance will release payment and you will be able to get it back.
What Should I do if the Other Party’s Insurance is Being Unreasonable?
When the at fault party’s insurance is being hard to work with, for example not returning calls, denying liability, failing to reimburse damages, rentals, medicals etc. your best course of action is to seek legal representation. Legal representation will make sure you are not being taken advantage of by large insurance companies looking to minimize their expenses at the cost of yours.
What do I do if the Motorcycle Accident is My Fault?
If you are the driver at fault, your own insurance will be defending the claim made against you. Having as much property damage liability protection as you can afford will help protect you against claims for damages to the other party. If you fail to provide “Property Damage Liability,” “Comprehensive” or “Collision” coverage, then you would have to pay for repairs out of pocket, or defend yourself against a possible suit filed against you for compensation.
Having the minimum amount of coverage is not always the best option. If you get into a vehicle that’s value quickly exceeds the minimum property damage coverage, you would still be responsible to pay for the difference. Hypothetical scenario: a 2020 Harley Davidson Street Glide with a $15,000 property damage coverage policy accidentally collides with a 2020 Ferrari 488 and causes $40,000 in property damage from a small impact collision. The remaining $25,000 will most likely have to be covered out of pocket or taken through lawsuit.