View Single Post
Old 05-11-2011, 07:56 AM   #227
WilsonFourTwo
First Line Centre
 
WilsonFourTwo's Avatar
 
Join Date: Apr 2009
Location: Calgary.
Exp:
Default

Glad to hear that you like the bike.

As for insurance, here's my advice.

1. Get at least $2 Million in liability. Unlike automobiles, liability is the "Cheap" part of motorcycle insurance, and there's no need to skimp. Injuries from a motorcycle accident are (imo) far more likely to have a lifelong impact than those in a car. And if you ever have a passenger.......

2. The bike is only worth $3500.....I wouldn't bother with collision. You're going to pay $7-800 for a year of coverage, money that is probably much better spent on maintenance items (quality tires, frequent oil changes, the upcoming major service). A mechanical failure is FAR more likely than a claimed collision.....heck, mechanical failure is probably a pretty likely cause of collisions!

3. I'd also consider skipping the comprehensive coverage. A $3500 bike can't really be vandalized too much (at least not enough to make a claim), although theft is still a possibility. Depending upon where/how you park your bike, theft is probably a minor concern.

For insurance companies.......Primmum (TD Bank) is frequently noted as an excellent bike insurer. I've been with them for several years, despite shopping my policy every season. Kanetix is also a solid player in the space, and you'll see solid pricing/service from them.

Last edited by WilsonFourTwo; 05-11-2011 at 07:58 AM.
WilsonFourTwo is offline   Reply With Quote