Buying a Motorcycle

Spring is here – and for you, that means the bike is coming out of the garage. As the days get longer, and the sunshine more reliable, there’s nothing like the winding roads of the foothills, the small highways along the coast, or the country roads across the flats, enjoyed on two wheels with the wind in your face. You can’t wait to trade your stuffy car for the freedom of your motorcycle.

Yeah, you get a bit clunky after four, five months in a car seat instead of in the saddle, but after a couple of road trips, everything falls back into place.

You are a safe rider. You wear your helmet. Leather gear, even in 90 degree weather. You took your Motorcycle Safety course. Granted, that was a few years ago… Should probably renew that one.

Then, there is the insurance. That’s the one… Motorcycle insurance. Who wants to buy insurance with any extra money?

If you own a Motorcycle, it’s important to have the right insurance. To protect yourself. So before you get ready to chase the wind, give us at Prime Insurance Centre Ltd a ring 604-582-0557. We can provide you with quotes, policy advice, and answers to questions like these:

  • Is my motorcycle covered under my auto insurance?
  • If my motorcycle is stored in my garage is it covered under my home insurance?
  • What about insurance for mopeds, scooters or ATV’s?

Is my motorcycle covered under my auto insurance?

You have your driver’s license, and just passed your motorcycle license. Finally! You are more than ready to ride with your buddies. Your uncle gave you his old bike, and in many, many hours, you fixed her up and restored her. Now it’s time to take her out.

You never thought much about insurance. In fact, you simply assumed that it’s a motorized vehicle, and therefore covered by your car insurance. Car insurance covers motorized vehicles. Or something… Whatever. It’s motorized, and so your car insurance should cover it. Right?

No! Wrong! Don’t make the mistake to assume that your car insurance will cover your motorcycle, or provide liability coverage if you hurt somebody or damage somebody’s property. Your car insurance will absolutely not extend to your motorcycle. Also, it will not apply for you, if you cause injury or damage while riding your motorcycle.

Your car insurance and your motorcycle are completely separate, and will absolutely not apply for each other.

Don’t make the crucial mistake to assume that your auto policy might protect you. It won’t.

If my motorcycle is stored in my garage is it covered under my home insurance?

The short answer is no! A good rule of thumb is, if it has to be or can be registered with ICBC then it won’t be covered under your homeowners insurance policy and requires its own insurance policy to be covered.

What about insurance for mopeds, scooters or ATV’s?

Now that you’ve found the bike of your dreams, you got your wife hooked: She’d like to do her smaller, around-the-town errands on a little scooter, rather than in the car. Not only does it save gas, but it also gives her this lifestyle feeling as if she were living in a small town in Italy.

Well, you can’t blame her. You knew all along what riding on two wheels can do for your soul.

Question is, how do you insure the little scooter? Does it qualify as a motorcycle at all?

Yes it does! Mopeds and scooters (electric and gasoline-powered) can be insured on a Motorcycle policy. All the same discounts and options apply for big bikes as well as smaller mopeds and scooters.

ATV’s (and snowmobiles, too), on the other hand, take a special place. An ATV may be covered under your homeowner’s policy, but only if it’s driven exclusively on your own property. There is absolutely no coverage if you take the ATV off your property and drive it on public roads… even if it’s only across the street. If there is any chance at all that you might take your ATV to a dirt track, into the mountains, or elsewhere, you should get ATV (or Snowmobile) insurance.

We can help with any of it. Just give us a call 604-582-0557.