Your needs change during the term of your motorcycle insurance policy. Your son
now has his driver’s licence and wants to use your motorcycle. Or you’re thinking
of selling it. What should you do?
There are many reasons why you might want to modify your motorcycle insurance policy.
Will you be driving in the U.S.? That’s another reason for modifying your policy.
Talk to your agent or broker. He can let you know which coverage best meets your
Did you know you can cancel your insurance policy at any time and for any reason?
You can do so by simply informing your insurer in writing. However, your insurer
may charge you a penalty. Check to see whether
it’s really worth it.
You should also know that your insurer has the right to charge you a penalty. This
is set out in the cancellation table appended to your policy. The longer the remaining
policy term, the higher the penalty.
Your insurer also has the right to cancel your policy no matter the reason. However,
your insurer must notify you within 60 days of the policy coming into force. After
this period, your insurer can only cancel your policy if: