REGINA – SGI is responding to feedback from motorcycle owners by offering expanded insurance options for the 2016 riding season.
One of the new options will allow owners to choose a reduced package of no fault injury benefits for a lower cost.
“Motorcyclists have asked for more choices in injury coverage, and government and SGI have listened,” Minister Responsible for SGI Don McMorris said.
“The new option is for motorcycle owners who feel they require fewer benefits in the event of a collision, and because there are fewer benefits, it’s a lower cost,” McMorris said. “It also ensures that all motorcyclists continue to receive some level of insurance coverage if they’re injured.”
Beginning in 2016 there are several insurance options that will be available for motorcycle owners in Saskatchewan:
- the full package of No Fault injury benefits (provides more generous benefit levels)
- Tort coverage (provides more limited benefit levels but allows owners to sue for additional losses from the people who caused the collision)
- a reduced package of No Fault injury benefits (provides same level of benefits as under the current Tort product, but without the ability to sue)
The insurance rates for the various options will be dependent on the make and model of the motorcycle and its claims history.
READ MORE: SGI motorcycle review focused on safety, keeping rates down
“The decision to opt for a reduced package of benefits is one motorcyclists should not take lightly,” McMorris said.
“Motorcycles are smaller and more vulnerable than other vehicles on the road, and a collision or fall can result in serious injuries. If you own a motorcycle, I urge you to give this very serious consideration to ensure you have the right coverage to meet your individual needs, as well as those of your family, in the event of an injury.”
Based on a five year average from 2009-2013 there are 291 collisions involving motorcycles/mopeds/powercycle each year, resulting in 206 injuries and five deaths.
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