The State of Colorado enforces stringent regulations for motorcycle drivers, mandating them to have insurance policies that cover minimum bodily injury and property liability requirements. While insurance providers typically pledge to cover liabilities resulting from motorcycle operations, certain exclusions apply in specific situations. If you reside in Colorado and seek clarification regarding insurance nuances, including policy exclusions, the team at Laine Insurance is at your service.
Identifying Common Motorcycle Insurance Exclusions
Insurance premiums for motorcycles are grounded in specific assumptions and calculated risks. Therefore, insurance policies normally exclude coverage for accidents resulting from high-risk or illegal activities. Each insurance company can demarcate behaviors excluded from their policies. Thus, it is crucial to review these exclusions with your agent. Standard exclusions typically encompass riding activities such as:
- Riding Recklessly
- Engaging in illegal activities
- Operating under the influence of alcohol or controlled substances
- Intentional damage to others’ property
- Participation in organized races or timed events
- Intent to cause injury to oneself or others
- Transporting passengers or delivering products commercially
Notably, your insurance policy must specify authorized users of your motorcycle, while lending your bike to unlisted individuals could invalidate your coverage.
Your policy should articulate its exclusions; consult your agent to understand and accept them. If such exclusions aren’t acceptable, your agent might recommend alternatives or supplementary policies, like race day or commercial vehicle policies.
Laine Insurance: Your Partner for Motorcycle Insurance Coverage
At Laine Insurance, we serve the Colorado community with comprehensive motorcycle and other insurance services. Please drop by our office or call us at 719-696-7923 for further assistance.