Motorcycle insurance policies are available with standard coverage used for other vehicles such as bodily injury, property damage, medical expenses, comprehensive and collision, notes About.com. People purchasing motorcycle insurance can also purchase special coverage for total loss replacement, accessories, transport trailers, rental vehicles and roadside assistance.
Liability insurance covers medical expenses for those injured in an accident caused by a policyholder, while property damage covers damages to other vehicles and property, states About.com. To protect their own property, motorcycle owners purchase comprehensive coverage, which pays for damage caused by things other than accidents, such as theft, hitting animals or storm damage. Collision coverage pays for damages to a policyholder's motorcycle regardless of the reason for the damage.
Total loss replacement is usually only offered to motorcycle owners with vehicles that are less than one model year old that have not previously been titled, notes About.com. Other motorcycle owners can insure their bikes for an agreed value or for the actual cash value. Accessory coverage is available for those who customize their motorcycles, while transport trailer coverage pays for damages to trailers used on public roads. For motorcycle owners who have both comprehensive and collision coverage, insurance companies usually include payment for rentals if insured vehicles are damaged in accidents.