Summer Riding Season: A Critical Time to Review Motorcycle Insurance
As the summer months approach, motorcycle usage increases across Canada, prompting insurers to advise riders to review their insurance coverage. The Insurance Bureau of Canada (IBC) recommends that motorcyclists assess their policies to ensure they reflect current riding habits and risk exposure.
With more vehicles on the road due to vacation travel and seasonal construction, insurance providers stress the importance of reviewing policies. Riders should check if their coverage accounts for longer trips, recent customizations, or changes in motorcycle storage. Confirming adequate protection for liability, collision, and comprehensive risks is crucial.
Motorcyclists who have added aftermarket parts or accessories should consult their insurer about additional coverage options, as standard policies may not fully cover custom modifications. Many insurers offer discounts to riders who have completed recognized safety courses, which can help reduce premiums.
The IBC encourages policyholders to report any incidents to their insurer within 72 hours. Early notification enables insurers to assess the situation and provide guidance on claims processes, even if no formal claim is filed. Some policies also include roadside assistance, which can be invaluable in the event of a breakdown or accident.
Insurance coverage can vary by province, particularly regarding liability limits, accident benefits, and coverage for uninsured motorists. Riders traveling across provinces or into the United States should verify that their coverage extends to those areas. Insurers suggest regularly reviewing policy limits and deductibles, especially if the motorcycle’s value or usage has changed.
While increasing a deductible may lower premiums, it could also result in higher costs if a claim is made. The IBC emphasizes that reviewing and updating coverage is a key step in helping motorcyclists manage risk and maintain adequate financial protection on the road.
By taking proactive steps to review and adjust their insurance coverage, motorcyclists can enjoy the summer riding season with greater peace of mind, knowing they are adequately protected against unforeseen events.
