BTW: I'm not promoting one insurance company over the other, nor am I licensed to sell any type of insurance - these are just lessons I've learned on my own or through friends' experiences.
- In New York, because of our short riding season, motorcycles your state clarifies your motorcycle.
- Liability coverage is required by state law, however this type of coverage protects the other guy from damage or injury, not you. It is in your best interest to get 'optional' insurance coverage on your motorcycle policy.
Now, follow along with me here, because chances are good that the driver who just hit you also has the bare minimum insurance coverage required by law - about 75% of drivers do - which is $25K bodily injury per person, $50K total bodily injury per accident (if you happen to have a passenger) in New York State. And no, you don't get to add those two amounts together.
The paramedics arrive and call for a Life-Flight because you need emergency surgery - NOW. Of course you and your family members are wanting the EMT people to act quickly, plus you're in shock by this time, so no one is thinking of the cost that all this attention will add up to at the time it's happening. But don't worry, the insurance companies already have!
Anywho, the average cost of a Life-Flight is $15,000. "Well, I've got medical insurance, so I'm covered," you say. Think again. Most medical insurance policies cover life-flights at 50-60% (if the provider is in your network.... but you didn't think to ask that either), leaving you holding a $6000-$7500 or more bill.
Of course if the Life-Flight isn't covered by your health insurance, and you only have the liability coverage on your motorcycle insurance policy (which doesn't cover any medical costs for you!), then you can get stuck for the full cost of the Air Ambulance. At that point rates are usually calculated by the cost of jet fuel, type of aircraft, distance flown and staff on the flight, which can be anywhere between $2000-$50,000.
And that bill is just the beginning....