- Collision. If you get in an accident with another car, RV collision coverage will pay for the damage to your motorhome or RV irrespective of who’s at fault.
- Comprehensive. If any non-collision damage happens to your RV or motorhome, comprehensive coverage will cover it. This RV policy covers anything from damages resulting from storms, flood, fire, and falling objects to theft and vandalism.
- Bodily Injury and Property Damage Liability. If in an accident, your RV causes injuries or damage to third party property, this coverage will pay for it.
- Uninsured/Underinsured Motorist Protection. If someone hits your RV and runs, or they don’t have sufficient insurance to cover the damage, this coverage kicks in.
According to the Motor Vehicles Department in Arkansas, everyone is required to be financially responsible for injuries or damages they cause to others. So, every motor vehicle used on the roadway needs to have liability insurance, and this includes motorcycles. If you don’t get the appropriate motorcycle insurance policy from insurance agencies like GTW Insurance, you could end up spending thousands of dollars in damages out of pocket.
Arkansas motorcycle coverage minimum coverages
Motorcycle insurance in NE Arkansas is governed by several state statutes. The statutes require that motorcycle owners carry coverage with the following minimums:
- $ 50,000 for injuries or death to more than two individuals
- $ 25,000 for injuries or death to one person
- $25,000 for destruction or damage to property
Note that these are just the state’s minimum coverage options. You can exceed these coverage amounts by staying in a hospital for just one night. Although this is a “no-fault” state, it doesn’t necessarily mean that the other party won’t try suing you, exposing you for more financial hardship. As a result, you should consider carrying a coverage that exceeds the set minimums.
Common motorcycle coverages
- Collision – This is a protection that will cover your motorcycle whether you were at fault or not. It may or may not include underinsured or uninsured coverage, so consider adding it for added protection.
- Uninsured coverage – 15.9 percent of motorists in Arkansas are uninsured, making it essential for you to have this policy. It protects you against an uninsured driver.
- Bodily injury – this is a protection that will cover some costs if you cause injuries to someone in an at-fault accident. This plan is essential since it also includes your passengers.
- Comprehensive – the coverage will protect you against non-accident losses like water, wind, fire, vandalism, and theft.
The penalties for failing to have insurance coverage vary depending on the situation at hand, but they will include suspension and reinstatement fees. You can contact GTW Insurance serving the NE Arkansas area to get more information regarding the requirements for motorcycle insurance in the state.