Traversing by motorcycle through Canada’s grand terrain is an awesome experience to behold. Motorcycle riding, however, can pose greater accident risk than driving a traditional vehicle. Because of this, motorcycle insurance is required by Canadian law in order to ride. When shopping for motorcycle insurance, look for these four essential components that come standard with every policy.

1. Accident Benefits

Accident benefits protect the rider in case of accidental injuries. They provide financial coverage for income loss, medical expenses, disability, and funeral costs if the need arises. These benefits will always cover the insured regardless of who is at fault, and the amount that it covers can be increased by optional insurance applications.

2. Third-Party Liability

Third-party liability covers the rider if they are at fault for property damage or harm to another person. Canadian law requires the coverage amount to be at least $200,000, but an amount of 1 to 2 million is recommended for most motorcyclists. This amount slightly raises the premium, but it’s definitely worth it as it costs much less in the long run.

3. Uninsured Automobile Coverage

Uninsured Automobile Coverage provides financial protection for the rider if they are injured by an uninsured or unidentified motorist. It also covers damage costs up to $25,000 for the policyholder from identified uninsured individuals.

4. Direct Compensation – Property Damage Coverage

Lastly, Direct Compensation – Property Damage Coverage pays for damage to the rider’s vehicle and contents if someone else caused the accident and it occurs in the Ontario province. For this benefit to work, the motorist at fault must be insured by an Ontario-licensed insurance company.

Not sure which motorcycle insurance policy is best for you? Contact us today. Our professional team can help you compare plans and find the best rates for what you need so you can get back to enjoying the scenic roads again.