Similar to auto insurance, mandatory motorcycle insurance coverage varies from province to province in Canada. So, you must conduct research or consult a professional to comprehend the legal requirements. Obtaining the required protection for your motorcycle’s make and model is essential. Generally speaking, the following would be covered:
Main Coverage from TD Insurance
| Insurance Coverage | Description |
|---|---|
| Third-Party Liability | Provides coverage for injury and damage to others and their property resulting from a vehicle accident. |
| Direct Compensation | Covers damages to your motorcycle to the extent at which you’re not at fault in a collision. |
| Uninsured Automobile | Covers medical costs and damage if an uninsured rider is at fault. |
| Accident Benefits | Provides coverage for you and your family if you are injured or killed in an automobile accident. |
Options for enhanced protection from TD Motorcycle Insurance for your motorcycle.
| Insurance Coverage | Description |
|---|---|
| Collision or Upset | Covers damage to your motorcycle caused by a traffic collision with another vehicle or object. |
| Comprehensive | Covers all other insured damage caused to your motorcycle, except collision or upset. |
| All Perils | The broadest level of coverage combines Collision or Upset and Comprehensive coverage and increased theft protection. |
| Specified Perils | Protects your motorcycle from certain risks, such as losses caused by fire, floods, hail, or theft. |
How is accident forgiveness implemented?
If you have been accident-free for the previous six years (no at-fault or partially at-fault incidents) and have Accident Forgiveness coverage on your auto insurance policy, we will “forgive” you for your first accident. This implies that the accident will not affect your premium when your coverage is renewed.
Accident Forgiveness coverage remains in effect even if you decide to switch vehicles, so long as you have not been involved in any more at-fault collisions. Subject to eligibility, coverage can be added to automobiles, motorhomes, and motorbikes on a per-vehicle basis.
Who is qualified for Accident Forgiveness?
- You must hold an auto insurance policy with us and adhere to its terms.
- The car’s primary driver must have been licensed and accident-free for the previous six years for the vehicle type for which coverage is requested.
- The other mentioned drivers must be accident-free for the last six years or when they have been licensed to operate the vehicle for which coverage is requested.
- Changing your vehicle will have no bearing on your eligibility.