Every year at this time we try to get the word out about how to protect yourself from the financial consequences of a motorcycle accident.
If you believe in superstition, it might even prevent an accident. It might even be more effective than the flu shot. People often say, “You never need insurance when you have it”.
The corollary is if you don’t have insurance, you’ll probably need it.
What is it? Underinsured coverage. It’s optional coverage on your motorcycle insurance policy and pays you when you’re injured by a driver who has less insurance than you.
Don’t be one of those people who ask, “How can someone drive a car with only $25,000 insurance” (when that’s all you have).
You might be surprised to know that many injuries you may think are minor, really are serious. You might think you’re lucky because you didn’t lose your leg or even break it. But what if you only have a torn meniscus in your knee?
If you injure your knee and have a torn meniscus, you’ll probably need arthroscopic surgery and could be out of work for 4-6 months from the time of your accident. But after surgery, your knee will never be back to what it was. You’ll continue to have some pain and limitations and won’t be able to do everything you used to. You might not be able to continue working in your current occupation or you may need an early retirement. You may even need knee replacement surgery 10-20 years later. What will it do to your life when you’re in your 70s, 80s, and 90s if you make it?
So what are the chances that some driver will cause you to have an accident? What are the chances that you’ll be injured? It may be worth taking the chance rather than give up riding but do you want to take the chance financially?
If you want to protect yourself financially, call your insurance company now and increase your underinsured coverage to at least $250,000 or the maximum your insurance company will sell you.
For more information take a look at CagerProtection.com or call us and we’ll be glad to give you free advice.
If you’re involved in an accident, even if another lawyer doesn’t think you have a case, call us immediately for a free consultation.
Philip L. Franckel, Esq. is one of the Personal Injury Dream Team™ Partners at 1-800-HURT-911® New York; He has a 10 Avvo rating; Avvo Client’s Choice with all 5-star reviews; Avvo Top Contributor; and a former Member of the Board of Directors of the New York State Trial Lawyers Association. Mr. Franckel is well-known in New York for representing motorcyclists and created the motorcycle awareness campaign BE AWARE MOTORCYCLES ARE EVERYWHERE®.