Motorcycle insurance types of coverage
In Québec, motorcycle insurance is a standard contract identical to the auto insurance policy. Its content is authorized by the Autorité des marchés financiers (AMF). Everyone who is insured in Québec has the same contract! This contract consists of mandatory civil liability insurance (known as “Chapter A” in the jargon), and of a series of insurance options known as the “Chapter B.” Only the types and levels of coverage will vary, depending on the insurance options selected.
Third Party Liability Coverage
This section covers you if you cause bodily and material damages (outside Quebec) to others. Under the direct compensation agreement, this guarantee covers you for damage to your vehicle when you are not responsible for the accident.
This coverage is valid throughout the territory of Canada and the United States.
Most drivers opt for a 1 or $2 million coverage on their insurance policy.
All Perils Coverage
This section covers your motorcycle by combining collision or upset coverage with that for accidents without collision or upset. The deductible will therefore be the same for any damages incurred. This coverage is optional. However, if your vehicle is leased or purchased with financing, this coverage may be required.
* Note that some insurers do not provide “All Perils” coverage for motorcycles.
Collision or Upset Coverage
This section covers you against material damage to your motorcycle when you hit or are hit by an object or if the said vehicle tips over. This coverage is also optional. However, if your vehicle is leased or purchased with financing, this coverage may be required.
Comprehensive Excluding Collision or Upset CoverageThis section covers you against damage to your vehicle other than collision or upset damage, such as broken windows, theft, fire, lightning, vandalism and other specified perils. This coverage is also optional unless required by a financing or leasing agreement. This coverage is usually taken in combination with collision if the motorcycle still has a significant value.
Specified perils coverage
Also optional, this section covers only the perils specified in the contract, such as hail, lightning, etc.