Motorcycle owners in Saskatchewan now have a third injury insurance option. SGI is now offering reduced no fault injury coverage to go along with full no fault coverage and tort coverage.
The new coverage will offer a basic package of injury benefits at a lower cost as there will be fewer benefits if they are found to be 50 per cent or more responsible for a crash or are in a single vehicle crash.
Motorcyclists would receive full no fault injury benefits where someone else was at fault.
“This new option gives motorcyclists more choices but also ensures they continue to have some injury coverage should they need it,” said SGI president and CEO Andrew Cartmell.
“Motorcyclists, just by virtue of being so exposed with little protection, are typically much more seriously injured in collisions. It’s important for motorcycle owners to ensure they have the right coverage for their individual needs – as well as those of their family – if they are injured in a crash.”
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The following discounts will be applied for motorcycle owners opting for reduced no fault coverage:
- five per cent for all motorcycles 100cc and less;
- 20 per cent for motorcycles between 101cc and 400cc; and
- 30 per cent for 401cc and greater motorcycles.
The discount will be applied before any safe driver recognition discount.
Here is the difference in coverage SGI has published based on 2016 benefit levels:
| Reduced No Fault | Full No Fault | |
| Income benefits | Maximum $396/week; paid for a maximum of 104 weeks | 90% of net income up to a maximum gross salary of $94,539 annually to age 65, if required |
| Medical and rehabilitation coverage | Maximum $197,056 for catastrophically injured; maximum $26,273 for non-catastrophically injured | Up to $6,719,606 |
| Permanent impairment payment | Up to $170,783 for catastrophically injured; up to $13,137 for non-catastrophic permanent injuries | Up to $235,186 for catastrophically injured; up to $192,561 for non-catastrophic permanent injuries |
| Death benefit | 45% of deceased’s net income to a maximum gross salary of $94,539 per year for spouse’s lifetime; 5% of that amount for each dependant | 45% of deceased’s net income to a maximum gross salary of $94,539 per year for spouse’s lifetime; 5% of that amount for each dependant |
| Funeral expenses | $6,569 | $10,078 |
| Ability to sue for pain and suffering | Only in very limited circumstances | Only in very limited circumstances |
| Ability to sue for costs in excess of benefits | Only in very limited circumstances | Yes |