Whether you own a cruiser, touring or sport bike, you need motorcycle insurance. Perhaps the number one reason for needing motorcycle insurance is that it is required by law in Canada. And, the same rules apply for restricted speed motorcycles (scooters and mopeds). Another reason to get motorcycle insurance, just like car insurance, or any other insurance for that matter, is to protect yourself and your investments from unforeseen events.
The most basic motorcycle insurance policy in Canada requires third-party liability coverage, accident benefits and uninsured automobile coverage. This basic coverage covers you for things that commonly occur on the road. Third-party liability can help protect you from lawsuits or claims against you, as a result of riding your motorcycle. Accident benefit coverage can be helpful in the event of an injury resulting from an accident. Depending on the circumstances, this type of coverage could potentially help pay for lost income and/or medical care. While basic coverage is a necessity, our brokers will work with you to determine if you may require additional coverage to ensure you are properly protected.
Having basic coverage is required by law, but it’s wise to be prepared for anything that comes your way. Here are some common motorcycle insurance coverage options (depending on your province your options may differ).
There are many things to consider when choosing the right motorcycle insurance. It involves asking the right questions to determine your vehicle usage and then making sure you are protected where it matters most. In other words, making sure all the “i’s” are dotted and the “t’s” are crossed when going over your coverage options. Navigating insurance with a broker makes finding affordable and relevant coverage a little easier. Not only will you save the time you would have spent learning about insurance, but you’ll be able to choose your plan faster and with more confidence thanks to the guidance of an experienced professional.
Want to learn more? Let us be your resource for all things motorcycle insurance. From start to finish, our brokers handle the legwork to make sure you walk away satisfied. Give our brokers a call today and we’ll find the motorcycle insurance coverage that works best for you.
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