Bike accidents can be frightening, inconvenient and in most cases, dangerous. There is no way of knowing when, or if, it will happen to you. We hope that it never does. While each day you can plan for the best, it is also important to be prepared for the worst. Being properly insured and well informed on what your insurance company can do for you in the case of an accident, will help you be prepared.
First, it is important to note that insurance companies are there to make money, your money. If you are in an accident they will do their best to settle claims quickly and as frugally as possible. However, no cyclist should go on the road without adequate coverage. Having the appropriate car insurance will give you security from your own insurance company in the case of an accident. Accidents happen in a variety of ways: if you are involved in a car versus bicycle accident, it is your car insurance that may cover the damages.
In this article we hope to inform you on what your own insurance company can do for you. Here are the types of insurance we recommend in order to receive the maximum benefits in the case of an accident:
Personal Injury Protection (PIP)
- Under Utah state law every car is required to carry a minimum of $3000. More can be purchased.
- It will take care of your immediate medical needs without question.
- The at-fault party’s insurance is responsible for the primary PIP benefits. Once those are exhausted you can file for secondary coverage from your own insurance.
Uninsured Motorist Coverage (UM)
- This is an optional coverage, but we highly recommend it for every cyclist.
- It protects you from drivers who lack insurance, or who fled from the scene.
- Your own insurance will cover the damages and then pursue the negligent driver for reimbursement.
Underinsured Motorist Coverage (UIM)
- This is also an optional coverage that we highly recommend.
- It applies when the at-fault driver’s insurance is exhausted, but don’t fully compensate your injuries and damages.
- It protects you from having to pay out of pocket for excess fees.
Keep in mind that these types of insurance most often only apply in the situation where a cyclist collides with a car. However, if you have been in any sort of accident while riding your bike, please contact us today for a free consultation. We will help you get the most from your insurance policy and get you the compensation you deserve for your loss.
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