By law you are required to purchase a motorcycle insurance policy in Edmonton. But are you required to purchase additional coverage such as a collision insurance policy?
The answer is no. Depending on how often you are planning on riding your motorcycle, however, you might benefit from such additional coverage. As you will soon find out, the basic motorcycle insurance policy that you are required to purchase before hitting the road only offers basic coverage. In other words, you might not be able to file a successful claim with only this policy under your belt should you happen to be in a motorcycle accident.
This is why many motorcyclists decide to play it safe and purchase a collision insurance policy among other types of coverage. The former pays for damage that has been done to your motorcycle (deductible aside, of course). And you know what the good thing about this type of policy is? It remains effective even if the damage was your fault -- something which can't always be said of other policies!
At the end of the day, nobody but yourself, your insurance company and your insurance broker can tell whether or not you need to purchase this policy. If you ride your bike every day, then you might want to purchase it in order for you to sleep soundly at night -- but remember that you are not legally obliged to do.
If you are interested to learn more about motorcycle insurance coverage, you might want to request a free Edmonton insurance quote such as the one offered by Sharp Insurance today. Until then, be safe out there!