Before purchasing a motorcycle, it is important to familiarize yourself with insurance policies and which ones are mandatory in Alberta.
If you are thinking of a buying a motorcycle in Fort McMurray, then you are required to purchase motorcycle insurance coverage by law. But as with every type of insurance coverage, you will find that the term "motorcycle insurance policy" is as vague as "commercial insurance policy". In other words, there doesn't exist just one type of policy -- there are many out there, and it is your responsibility to learn about them before purchasing a bike.
Fortunately, many companies such as Sharp Insurance offer people basic coverage plans. The latter usually cover the three main areas of motorcycle insurance -- namely liability, property and medical coverage. If you do not have access to an insurance broker, we recommend requesting free insurance quotes online such as the one offered by Sharp Insurance to get an idea of what to expect from certain insurance companies.
With that being said, you will also find that many other motorcycle insurance policies are available out there -- think collision insurance policies among others. While you won't get in trouble if you don't own such policies, if you are serious about biking then it might be best for you to purchase additional coverage. However, keep in mind that accidents can happen to even the most seasoned biker out there -- so choose carefully before hitting the road!
For more information, visit Sharp Insurance's website and request your free motorcycle insurance quote.