Motorcycle

Section A

Civil liability protects you anywhere in the world from property damage or bodily injury that you may involuntary cause to a third party. This coverage is particularly crucial when you are riding in the United States as lawsuits there are a lot more frequent and costly than in Quebec. If you were to face a lawsuit, your insurer would pay the associated legal fees. You should know that everyone who owns a motorcycle in Quebec is required to hold civil liability coverage.

Section B

Coverage for damage to the insured motorcycle can take four different forms, which can be selected individually:

-All perils (Section B1): covers damage caused to your motorcycle, as well as its equipment and accessories, regardless of the type of risks mentioned below.

-Collision or upset (Section B2): covers damage to your motorcycle, as well as its equipment and accessories, only if the damage is the result of a collision or upset in an accident for which you are at fault. It is important to know that the deductible is paid by the insured.

-Comprehensive – excluding collision or upset (Section B3): covers your vehicle if it’s stolen, if the windshield breaks or if damage is the result of fire or vandalism, if the damage is caused by a collision with an animal or a hit-and-run accident. In the case of the latter, it is important that a police report be filled out within 24 hours of the accident.

-Specified perils (Section B4): this coverage is more restrictive than the others as it only covers specific risks, such as fire and theft.

Q.E.F. No 25

The value of the accessories and equipment that are added to your motorcycle can significantly increase its value. By choosing this coverage, your motorcycle will be insured for the full value of its assessment.

Types of equipment that may be covered:
– Frames and accessories (chrome details, engine guard, armrests, footrests, tank protector)
– Bags and pouches (bags, tank bags, other bags, luggge racks, hard top cases)
– Windshield (windshield mounts and entire windshield)
– Exhaust systems and muffler
– Cameras and navigation systems (monitors and GPS, cameras, thermometers and clocks)
– Sound system
– Etc.

Q.E.F. No 43d

This endorsement allows you to replace your motorcycle with a new one that does not exceed its purchase price. Thus, in the event of partial loss, you will not suffer any deduction for depreciation.

For example
You buy a 2017 Honda CB500 for $8,000 and add the “Replacement cost” endorsement to your policy. Three years later, in 2020, you get into an accident with another motorcycle and yours is declared a total loss.

Q.P.F. No. 5

Replacement insurance is equivalent to what car dealerships offer but is usually less expensive when purchased through your Lareau broker. Furthermore, this insurance reimburses part of the cost of having a TAG tracking system installed on your vehicle. It also reimburses the cost of the deductible that is charged to you by the insurer, a $250 or $500 value. This insurance provides coverage for new motorcycles as well as used motorcycles.

New motorcycle (total loss):
at the time of buying this option, you can choose to:
-Replace your motorcycle at the original dealership with a new one that is of equal or greater value.
-Take the indemnity and replace your motorcycle elsewhere with a new one that is of equal or greater value.
In both cases, if you go with the option of buying a motorcycle that is more expensive, you will pay the difference.

New motorcycle (partial loss):
In the event of partial loss, the damaged parts will be replaced by new manufacturer parts as soon as your motorcycle reaches 40,000 km or is more than two years old.

Used motorcycle:
You receive an indemnity equal to the value of your motorcycle and a marked-up value applies, which is an amount compounded annually, calculated based on the number of days between the purchase date and the date of the loss. This basically means that your used motorcycle increases in value over the years! Furthermore, this option helps you pay down the residual value of your motorcycle.

Q.E.F. No. 20

This addition to your standard insurance policy will cover the expenses incurred for the leasing of a temporary replacement motorcycle, for a limited period, while your motorcycle is being repaired or replaced due to a covered loss.

Q.E.F. No. 34

This insurance covers your medical expenses and pays out a benefit to your beneficiary in the event of a motorcycle accident causing death.

Q.E.F. No. 33

With this coverage your insurer reimburses you the costs incurred for roadside assistance in the event of your motorcycle breaking down, such as a wheel change, gas delivery for up to 10 litres, battery boosting and towing.

If you choose this coverage, your trailer used for the transport of your motorcycle will be insured. Don’t forget that you must already have been in possession of a coupler lock for your trailer in order to be covered for theft.