Reducing Risk for Riders
There’s nothing like the freedom you feel when riding your motorcycle. However, if you’re on the road, you’re at risk. To ensure you have the coverage and financial protection you need, consider the following motorcycle insurance coverage options.
Liability Insurance Coverage
Liability insurance covers bodily injury and property damage that you may cause to other people involved in an accident. That can include someone riding with you on your motorcycle.
Third Party Liability Coverage
Bodily injury liability – typically covers the other driver or your passenger’s expenses such as medical bills, lost wages, and pain and suffering.
Property damage liability – typically covers the expense of repairing damage to others’ property (vehicles, homes, fences, etc.).
No fault benefits to cover immediate medical costs, including physiotherapy, chiropractor. Also includes funeral expense and death benefits for dependants.
Collision Insurance Coverage
Collision insurance covers damage, minus your deductible, to your motorcycle if you are involved in a collision or upset loss. Keep in mind, collision insurance usually covers the depreciated value of the motorcycle at the time of the loss.
Comprehensive Insurance Coverage
Comprehensive coverage pays for damages caused by an event other than a collision and upset, such as fire, theft or vandalism. However, just like collision insurance coverage, your policy will pay for damages, minus your deductible, and will cover only the depreciated value of the motorcycle.
Optional Equipment Coverage
- Replacement Cost Option on newer models
- Limited Depreciation Option for newer models
- Additional equipment such as gear, helmets, saddle bags
We’re Here to Help!
Call our office today at 780.532.7800 to learn more about our affordable motorcycle insurance.