There are two types of uninsured and underinsured motorist coverage you may be able to add to your existing insurance policy.

Bodily injury coverage.

If another driver is at fault but doesn't have any or enough insurance to cover your costs, bodily injury coverage can help pay for damages resulting from your or your passengers' injuries.

Property damage coverage.

If your bike and/or property is damaged in an accident and an uninsured or underinsured driver is at fault, this type of coverage may help pay for material damages. This coverage may not be available in every state, so check with your local agent to find out if property damage coverage is available in your area.

There are also other options generally available. Comprehensive coverage typically pays for damage or loss caused by something other than a collision, such as fire, theft, vandalism, windstorm or hitting an animal. Collision coverage typically pays for damage to your bike if you collide with another vehicle or something else, such as a parked vehicle, construction debris, guardrails or fences. If someone hits your parked motorcycle, this is considered a collision as well. But understand that some states don't allow both because they are considered duplicative.

Motorcyclists are considered vulnerable drivers, according to organizations like The Royal Society for the Prevention of Accidents. Plus, uninsured and underinsured motorists add financial vulnerability to the list of concerns for bikers. For better peace of mind, be prepared and make sure you have adequate insurance to protect yourself and your motorcycle against these risks when you're out on the road.