Facts About Motorcycle Insurance

Understand What Your Insurance Might Cover With Help From a Rio Rancho Lawyer

Rio Rancho motorcycle accident attorney Brad Goodwin represents injured bikers on motorcycle accident and injury claims in Albuquerque, Rio Rancho, and all over New Mexico. For a free consultation including a discussion of all motorcycle insurance, call (505) 340-2223. He can explain what might be available to you regarding your motorcycle injury case.

On this page, Mr. Goodwin has provided information to help you get a better understanding of insurance policy terminology. However, please remember that you should consult with a professional motorcycle insurance agent before deciding on a type of motorcycle insurance.


This is the portion you, the insured, have to pay to contribute to the payment of a loss. A higher deductible should lower your premium. Ask your agent to quote you for a low and a high deductible.

Named Insured

This is the person named in the insurance contract that will be driving the motorcycle or vehicle. Normally the spouse of the named insured who also lives at the same address will also be covered. This is one reason to keep your address current on your driver's license.

Theft Coverage

This is coverage that protects you in the case of the theft of your vehicle. Leaving keys in the ignition or easily available may be a reason for your insurance company to deny a claim. Alarms often will lower your insurance premium.

Med Pay

This coverage will pay for some of your medical bills. Ask your agent how your medical bills are paid if you have health insurance and what happens to medical bills if the at fault driver has insurance or if the at fault driver is uninsured.

Uninsured Motorist Coverage

Uninsured motorist coverage on your bike and other vehicles may pay you for your motorcycle personal injury claim, including medical bills, lost wages, and pain and suffering. This occurs if the at-fault driver does not have insurance (is uninsured).

Underinsured Motorists Coverage

This is coverage pays you if the at-fault driver did not have enough insurance to cover all the damage that he did.

Liability Coverage

Liability Coverage protects you if you are at fault for an accident and someone makes a claim against you for their property damage and personal injury losses. In New Mexico, the minimum required liability coverage is $25,000.00 per person and $50,000.00 per accident.


This coverage will pay for losses to your motorcycle, regardless of who is at fault. You should consult with your agent as to what deductible amount will be best for your personal circumstances. In New Mexico, it is legally required to have your motorcycle insured in order to lawfully drive on public streets. Another reason to have insurance is your insurance company has a duty to defend you if you get sued by another driver.

Types of Insurance Coverage

There are some types of good insurance coverage you should consider having on your motorcycle policy. They are medical-payments coverage and uninsured motorist coverage. Usually for only a slightly higher premium, your agent can sell you one of these types of coverage which can really help you by paying you benefits if you are in a motorcycle accident. You must check with your agent as to how medical pay and uninsured motorist coverage is handled. It is good to check whether it is offered on your motorcycle policy, as well.

Brad Goodwin, Rio Rancho motorcycle accident lawyer, is dedicated to handling cases involving motorcycle injury and accident claims. Contact Goodwin Law Office for a free consultation. There is no fee unless compensation is collected, so there is no risk! Call (505) 340-2223 today!

Reviewing the Facts

You should have an attorney review the facts of your motorcycle accident case, as well as all insurance policies involved. Certain facts of your motorcycle accident case or the failure to follow-up on certain types of insurance coverage could cheat you out of thousands of dollars! Many victims across the country lose thousands of dollars because they did not understand insurance policies and lacked the right insurance.

Many individuals believe they have full coverage when they do not, and others do not realize the major differences in various types of insurance coverage available to them. There are hundreds of thousands of vehicles on the road that do not carry any vehicle insurance.

This type of insurance can greatly help if you were:

  • Injured in an accident with an uninsured motorist.
  • Involved in a "hit and run."

If you are in these situations, you can collect for your injuries from your "Uninsured Motorist" coverage in your policy. This pays for most damages and comes for your protection. If you do not have this coverage, then you and your family could lose up to thousands of dollars which might be desperately needed. You should carry uninsured motorist coverage-the more the better!

Under-Insurance Coverage

Unfortunately, most wrongdoers who have insurance in New Mexico carry only the $25,000 policy limit required by state law. This means if you or a member of your family are seriously injured and the value of the claim would actually be $50,000 or $100,000, the wrongdoer insurance company would only have to pay you the $25,000 policy limit carried by the wrongdoer.

For this reason, insurance companies offer underinsurance motorist coverage. This coverage means that your own insurance company will pay you the true value of your injuries, if there is not enough insurance carried by the wrongdoer.

Contact Goodwin Law Office For More Information!

This information is not meant to be a complete discussion of all the aspects of motorcycle insurance. It is written in the hope of giving you a better understanding of the law in order to change your insurance, if necessary, and to provide the knowledge to protect you and your family. Contact your local insurance agent to review your coverage!

If you wish to get advice from an experienced Goodwin Law Office motorcycle accident attorney, then contact Goodwin Law Office today!

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