Motorcycle Insurance in Nova Scotia

Accident benefits coverage is also mandatory for motorcycle riders in Nova Scotia. This type of coverage is for when someone is injured following an accident. For example, if you suffer a concussion in a motorcycle accident, the accident benefits section of your policy can issue a payout that covers the cost of medical care.

This motorcycle insurance will also pay for lost income if you or someone else involved in the accident is temporarily unable to work due to their injury, as well as funeral expenses if someone dies in the accident. Despite making up fewer than 5% of registered cars, motorcycle riders account for approximately 15% of all traffic deaths and injuries. A common myth among riders is that provincial health insurance covers all related costs, which is not the case. This policy bridges that gap, underscoring the importance of this coverage.

Uninsured motorist coverage, also known as uninsured motorist coverage, is intended to safeguard policyholders who get into accidents with drivers who do not have insurance or who do not have enough insurance. It also offers financial security against hit-and-run accidents, in the event that the accident was caused by an uninsured driver. For example, if the other driver who hits you has allowed their insurance to expire without renewing their coverage, you'd still be compensated for any damages and losses that arise from the collision.

If you are hit by another driver who is at fault for the collision, direct compensation - property damage (DCPD) ensures that you can be compensated for your losses through your own insurance company. This allows you to work with those you are comfortable dealing with in the event of an accident or claim. Ultimately, it removes the middleman in the process, so you can get your motorcycle repaired or replaced swiftly.

Comprehensive Coverage protects policyholders against non-collision-related damage like theft, vandalism, fires, falling objects, or weather events. For example, if you park your bike on the road and it's stolen while you're in the grocery store, comprehensive coverage will cover the cost of repairing your bike if it's recovered, or pay for a new one. Again, you'll only need to pay your deductible.

Collision or upset coverage pays for the repair or replacement of your motorcycle if you get into an at-fault accident. For example, if you hit a guardrail and scratch the body of your bike, which costs $2,000 to repair, and your deductible is $500, you'll only need to pay that $500 out of pocket, while your insurer covers the remaining $1,500.

If you get into an accident and your motorcycle is in the shop for repairs, loss of use coverage will cover the cost of a rental car or bike during this time.

One final type of optional car insurance coverage popular among Nova Scotia motorcycle riders is accident forgiveness. Accident forgiveness is additional coverage that can be added to your car insurance policy as an endorsement, to protect your driving record and to help prevent your insurance premium from increasing if you have an at-fault accident claim. Note: coverage varies by province.

According to the 2023 Canadian Rider Insurance Survey, 65% of motorcycle owners acquire both collision and comprehensive coverage, with 40% opting for additional policies like accident forgiveness or loss of use, which are a great addition if you ride daily or own a high-value motorcycle.