Insure Your Motorcycle with Waypoint XRoads

6 Great Reasons to Insure Your Motorcycles with Waypoint XRoads

If you’re a motorcycle enthusiast like many of our clients are, your bike is your baby. Perhaps you even own more than one, which is not as uncommon as you might think. At Waypoint, we know how to help you manage risk for all of your most prized possessions, and your motorcycle is no exception.

Although you must always insure through ICBC for liability purposes, XRoads motorcycle insurance is a fantastic option when it comes to protecting the pristine nature of your motorcycle. Today, we want to tell you six great reasons why you might consider insuring through Waypoint’s XRoads program and invite you to connect with your advisor to design a policy that is the perfect fit for you and your bike.

#1 – You Would Do Anything for Your Baby

We have clients whose motorcycles are parked in their living room. In short, these people treat their bikes like children and would do anything to keep them out of harm’s way. If this sounds like you, XRoads motorcycle insurance may be the solution for you.

Our specialized insurance policy provides an extra layer of protection over and above your ICBC insurance. The XRoads program is tailored to all bike lovers as a means of protecting your bike should it be damaged in a collision or accident of any kind. It is not designed with liability, so do not rely on it for an injury to yourself or a third party. We do, however, have the option to cover the costs of damage to your riding gear if it is valuable to you and coverage is desired.

#2 – You Are an Experienced Motorist

The XRoads program is specifically designed for more experienced motorcycle drivers. To qualify, you must have had a driver’s license for at least ten years. Note that the ten years does not include time spent as a learner or novice driver; it is ten years as a fully licensed motorist. If you do not have ten years driving experience, then you will likely need to insure entirely through ICBC until you hit that ten-year mark.

#3 – Your Motorbike Is Quite Valuable

If your motorcycle is valued at just a couple thousand dollars, it may not be worth it to purchase additional coverage through Waypoint. If your bike has a high price tag, however, having that extra layer of protection in place may be well worth the cost of the premiums. Some of our clients have motorcycles valued at upwards of $50,000. If the motorcycle is new (less than 3 years old), the settlement will be on a “Replacement Cost” basis, with a Value at the original purchase price plus applicable taxes

Motorcycles are insured on an “Agreed Value” basis after 3 years. We will revert to current Blue Book Value to affirm Values. If you experience a total loss, heaven forbid, then you will be paid out what you were insured for. This is much different from ICBC policies. ICBC goes by market value in the event of a total loss. In fact, our XRoads program often comes in less expensive for damage than ICBC.

#4 – You Want to Save on Premiums

ICBC coverage for motorcycles can be very expensive. If you’ve insured your motorcycle through ICBC in the past, you’ve likely already realized this. By insuring your bike through Waypoint’s XRoads program, you have a higher chance of enjoying lower premiums and better coverage year-round.

Some perks include our coverage for accessories and our 15-day transfer policy, meaning that if you decide to sell your baby or purchase another bike or a replacement bike of similar quality as the current insured motorcycle, your new bike will be covered for 15 days. We know that rushing to see your insurance agent isn’t the first thing you want to be thinking about when you purchase a new bike, so take her for a spin and give yourself two weeks to complete the transfer.

If you are the sole owner and operator of 3 or more bikes, our Multi-Bike Discount is 50% on all policies.

#5 – You Want to Protect Your Motorcycle Year-Round

Some motorcyclists prefer to insure their bikes only during the riding season. If this is the case for you, a short-term policy through ICBC for liability may be the way to go. Waypoint’s XRoads motorcycle insurance is designed for enthusiasts who want to protect their babies all year round, whether their bikes are on the road or waiting patiently in the garage. If your motorcycle is sitting in a parking lot and someone accidentally pushes it over, you’re also covered. We even offer one-accident forgiveness with every policy.

#6 – You Enjoy Extra Perks for No Additional Premium

In addition to the great perks we’ve listed so far, XRoads also offers loss-of-use, lock rekeying, and emergency service expenses should you encounter any unforeseen circumstances on your biking journeys or find yourself broken down on the side of the road.

For delivery of your motorcycle back home for repairs or delivery of the recovered bike home, you’ll be covered up to $3,000. We even pay up to $1,500 to get you home safely.

You choose your deductible: $300, $500, or $1,000.

Talk to Your Waypoint Advisor

If we’ve piqued your interest in a XRoads motorcycle insurance policy, then don’t hesitate to reach out and book an appointment with your Waypoint advisor. Together, you can evaluate your motorcycle and your lifestyle and design a XRoads policy that is the perfect fit for you and your bike. Call in to your local branch today!