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Insurance for Your Motorcycle
Insurance for motorcycles is mandatory, except in certain situations. To get the best
motorcycle insurance rates for your particular case, visit
http://www.insurancehotline.com for a free online insurance quote.
Motorcycle
To drive a
motorcycle, you must have a valid motorcycle
license. For motorcycles, insurance is not required while the vehicle is driven on
private property.
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Third-Party Liability Coverage of at least $200,000 to protect you if another
person is killed or injured, or if their property is damaged. If you're
sued, this coverage pays claims up to the limit of your
motorcycle coverage, and
the cost of settling the claims.
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Statutory Accident Benefits Coverage to provide supplementary medical,
rehabilitation, attendant care, caregiver, non-earner, income replacement,
and death benefits if you are killed or injured in
a motorcycle accident, regardless
of who caused it.
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Direct Compensation - Property Damage (DCPD) Coverage to pay for damage
to your vehicle and its contents, if another driver is at fault for
a motorcycle accident
that occurs in Ontario and that driver is insured by an insurance company
licensed in the province.
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Uninsured Automobile Coverage to provide financial compensation for you
and your family if you're injured or killed by an unidentified driver or
by an uninsured motorist. It also covers damage to your
motorcycle caused by an identified uninsured driver, up to $25,000.
Extra
Coverage's
In addition to mandatory minimum
coverage's that are required by law, you
may purchase extra endorsements or
coverage's.
Your insurance broker, agent, or insurance company representative can provide
you with a complete explanation of optional
coverage's that are available.
Source: Financial Services Commission of Ontario
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Romanov Report -
information about your insurance, renewals, your vehicle, tickets, accidents and the law.
Survey Questions and Answers - suggestions on how to let more drivers find lower car insurance rates as the government isn't. Great suggestions
Store / Car Carma - The Book
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