Canada is a beautiful place to go sightseeing, and the sensation gets even better when visiting those places on a motorcycle. A motorcycle, sometimes called a cycle, bike, or motorbike, is a two or three-wheeled motor with different designs to suit different purposes such as off-road riding, cruising, racing commuting, and long-distance travel.
If you plan on hopping on a motorcycle in Canada, you must purchase a motorcycle insurance policy. This coverage is quite different from the standard vehicle insurance policy because a motorcycle is often an occasional ride. Like the regular car, it does not have specific safety measures such as airbags, seat belts, etc.
This insurance policy covers you against financial loss such as liability, accident, vandalism, or theft. Surex offers one of the best motorcycle coverage in Canada. Feel free to skim their website to know more.
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Riders differ from one another, and the policy rate is based on certain factors such as your motorcycle type, riding experience, and age. This is why you need to inquire and then compare the deals from the top insurance companies in your state to get you a good deal.
Remember that you can also add extra insurance coverage to suit your needs. However, the primary motorcycle insurance coverage includes:
This policy covers you if you are involved in an at-fault accident causing injury to someone and damaging another person’s property. This is one of the most vital coverages if you are at fault or the cause of the accident. It covers the cost of medical bills and repairs to be made on the damaged property.
Irrespective of who caused an accident, your insurance will cover the medical treatment and other benefits to help you recover if you get injured in an accident. Sometimes this coverage also includes funeral expenses in the event of death.
Direct Compensation covers your motorcycle against damage caused when an insured rider hits you. This policy covers the cost of repairing the damages to your motorcycle.
Asides from the above-mentioned standard coverage on a motorcycle, you may also purchase additional insurance policies to further safeguard your motorcycle, such as:
Comprehensive protection covers you by providing financial aid in a situation where your bike is damaged by a non-accident-related incident such as falling objects, theft, vandalism, etc.
Collision coverage covers your motorcycle in situations where your motorcycle collides with a stationary object. This covers the cost of repairs to the actual cash minus your deductible.
If you are a rider who loves adventures, camping, or long rides, you will most likely have a saddle bag or storage compartment to keep essential items. This policy covers the actual value of your personal belongings in the event of loss or accident.
If your motorcycle is under repair or maintenance, this coverage provides you with alternative transportation while your motorcycle is being repaired.
Customized perils protection allows you to choose and pick the perils you want to cover against in your policy. Here, you list the risks you want protection from and discuss the possibility with your insurer.
Looking for safety tips when riding a motorcycle? Given below are some of the most valuable considerations as a rider:
Most motorcycle accidents in Canada are mainly collisions that occur at intersections or as a result of not obeying the traffic light. As a rider, watch out for intersections and strictly follow all traffic lights.
Always carry out a maintenance check before riding your motorcycle. Check the gas and oil levels, tires, brakes, and light indicators on your motorcycle. Make sure everything is in proper condition before hitting the road.
When riding, put on reflective striping or fluorescent materials. Also, wear gloves, a jacket, pants, and a riding boot. Make sure your helmet is not expired, and always put it on when riding. This will protect you and your passenger in the event of an accident or collision.
Always obey the road speed limit for your safety when riding your motorcycle. As reported by Transport Canada research, about 40% of motorcyclist accidents have been linked to speeding.
Everybody wants to save money as far as purchases are concerned, let alone insurance coverage. Here is how you can save money on motorcycle insurance:
Make a list of insurance companies in your state and compare their rates to find good coverage at a reasonable cost. Make sure you are comparing prices of identical coverage and the same deductible amounts.
If you own a car or home that has been insured, ask your insurer if you can be given a discount when you add your motorcycle to your car or home insurance. Some insurance companies will offer you a discount in a bundling situation such as this.
A deductible is the specific amount of money that you are required to pay before your policy. If you can afford this, paying a substantial deductible will reduce your premiums.
Always park your motorcycle in a secure environment and install a lock or anti-theft device. This includes installing a global positioning system tracker as this will reduce your premiums.
Riders with poor driving records are most likely to pay higher premiums due to their higher risk of getting involved in an accident, so it is essential to keep a clean driving record, which will help reduce the premiums.
Older motorcycles are cheaper to repair and replace which makes collision coverage ineffective on them. This implies that you may not be covered for damage to the motorcycle in the event of an at-fault collision. Discuss with your insurer before taking up this coverage on an old motorcycle.
All said and done, motorcyclists are prone to fatal accidents, unlike vehicles with some form of safety measure such as airbags, seatbelts, etc. Hence, you must get your motorcycle covered by a good insurance company.
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