Motorcycle insurance is an offshoot of auto insurance. So, it’s similar regarding minimums required by law and mandatory coverage limits.
Yamaha Motorcycle Insurance Laws
When you drive off the lot with that fabulous new Yamaha motorcycle you will have to purchase insurance no matter what state you live in. For example, if you live in Minnesota, the minimum Yamaha liability insurance requirements are:
- Liability- Bodily Injury: $30,000 per person injured in any one accident and $60,000 for all persons injured in any one accident
- Liability- Property Damage: $10,000 for injury to or destruction of property of others in any one accident
Yamaha Motorcycle Insurance Coverages
You may want to think about increasing those limits for liability coverages after you learn what those coverage’s mean:
Bodily injury liability coverage means that if you are involved in a accident with your Yamaha and another person is injured because of your actions while operating the vehicle, you’ll be covered up to the limits of you policy. Your insurance will pay, not you.
Property damage liability coverage means that if you’re involved in an accident with your Yamaha and another person’s property is damaged or destroyed, your insurance will pay for that damage.
What Limits Should You Carry on Your Yamaha?
You have to decide if the minimum requirements are enough. Note that experts suggest $250,000 for each person and $500,000 for each accident as a good amount of coverage to carry for bodily injury coverage and $25,000 as the right amount of property damage liability insurance to carry on your Yamaha motorcycle.