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Want to learn about motorcycle insurance? Connect with one of our experts today to start a quote or ask questions.
Looking for some quick info? Click on one of the below topics to unpack your auto insurance!
Looking to protect yourself financially from a potential lawsuit? Look no further than our Auto Pak coverage, which can increase your liability limit. Increasing your liability limit can help protect you financially from the pain of a nasty lawsuit. If you are accused or found responsible for causing bodily injury or property damage, you’ll want more than the basic $200,000 plate limit.
We highly recommend increasing your liability limit, especially for newer drivers, because statistically, new drivers may be at a higher risk of causing an accident. So contact us today to learn more about how we can help you protect yourself!
In Storage Coverage
When your motorcycle is parked, even in your garage, there is no insurance if there are no active plates, but theft, vandalism, and other risks still exist, and your home insurance isn’t going to extend to protect your bike.
If you plan on storing your motorcycle for any length of time, it’s important to have a policy to protect yourself and your bike. A motorcycle storage policy can help you cover your costs if something happens to your bike and protect you from any potential theft.
There are a few things to consider when choosing a motorcycle storage policy. First, ensure you have enough money to cover your costs, and second, ensure you have the right insurance in place. If your policy includes Comprehension coverage, you’ll be covered if your bike is stolen. You’ll need to ensure you’re also covered in case your bike is vandalized or damaged.
This coverage is for basically everything that isn’t a collision. These types of losses covered by this insurance include fire, theft, wind, hail and vandalism. Package policies let you have comprehensive deductibles as low as $50, so you still have coverage after you let your plates expire.
Did I mention it covers theft? Your homeowner’s policy will not respond if your bike is stolen from your property. With comprehensive coverage, you rest easy this winter if the Grinch comes to visit you.
It’s common for motorcycle owners to repair and restore their bikes. When your bike is in pieces, there is a chance your insurance may not protect it!
Motorcycle restoration coverage can help protect your bike and its parts from potential damage during unexpected moments such as theft or a storm. It can cover the cost of replacement parts, for example. Coverage can also include the cost of restoring the engine, frame, and other components if they are damaged by an insured peril while your motorcycle is being repaired or restored.
Reduced No Fault
Reduced No Fault is an injury benefits package that you have the option of opting into while you’re registering your motorcycle. This option is similar to the normal No Fault injury benefits you receive automatically as a Saskatchewan resident; it’s just reduced.
You’re probably wondering, “Why would I opt into reduced benefits?” When rates for motorcycle plates spiked in 2016, SGI developed this option to give you a way to reduce your rate increase. SGI gives motorcycle owners this reduced option so that they get lowered plate costs if they are okay with receiving decreasing benefits.
Disability coverage replaces some of your income if you can’t work because of an injury or illness. The idea is to help you keep your standard of living the same until you can return to work. This monetary benefit will continue until the benefit period ends or you return to work.