Reduced No Fault Explained

Reduced No Fault Explained

Posted 25/04/2019

by Harvard Western Insurance in

Have you ever been in our office to plate your bike and the employee behind the customer asks “do you want Reduced No Fault?” If you say no, the transaction proceeds like normal. But if you say yes, now you’re being asked to sign paperwork and review documents… and for a good reason.

What is Reduced No Fault?

Reduced No Fault is an injury benefits package that you have the option of opting into while you’re operating your motorcycle. This option is similar to the normal No Fault injury benefits you receive automatically as a Saskatchewan resident, it’s just reduced. Hence the name.

Why is this an option?

You’re probably wondering “why would I opt into reduced benefits?” Good question. When rates for motorcycle plates spiked in 2016, SGI developed this option to give you an way to reduce your rate increase. SGI gives motorcycle owners this reduced option so that if you are okay with receiving reduced benefits, then you get reduced plate costs.

A Discount?!

Who doesn’t love a good discount? The discounts for opting into Reduced No Fault vary dependant on the cc’s of your bike. The discount can be anywhere from 5% for smaller engine, and up to 30% for larger ones.

Careful Now…

Before you go rushing to save a couple dollars on your plates, it’s important to understand exactly what it is that you’ll be giving up.

This is just a quick snap shot of how much your benefits will reduce if you decide to opt into the Reduced No Fault coverage. If this option is something that interests you, please make sure to review the Guide to Reduced No Fault Injury Coverage found here.

Learn More

Click through to find out about the different stages of the MGDL program, how to get your learner’s licence, AND how to save money insuring your bike.

Contact Us

Have questions about Reduced No Fault? Give us a shout and we would be happy to help!