plutoz
Well-known member
I've been looking into insurance on a bike I am picking up in the US and riding home. Because of the age of the bike I am required to get an appraisal for coverage under the vintage program (much cheaper).
The agent told me I had coverage under my existing policy (with another carrier) for 14 days under the 'Newly Acquired Auto' provision of the Ontario Automotive Policy. Here is what it says:
I think I am out of luck however since I have my cars and bikes insured with different providers.
Anyone read this differently?
My other choice is to set up the new bike under the standard insurance until I get it back and get the appraisal done. Will cost a bit more but I sure as heck don't want to take any chances with coverage if something happens.
The agent told me I had coverage under my existing policy (with another carrier) for 14 days under the 'Newly Acquired Auto' provision of the Ontario Automotive Policy. Here is what it says:
2.2.1 Newly Acquired Automobiles
A newly acquired automobile is an automobile or trailer that you acquire as owner and that is not covered under any other policy. It can be either a replacement or an additional automobile. The replacement automobile will have the same coverage as the described automobile it replaces. We will cover an additional automobile as long as:
- we insure all automobiles you own, and
- any claim you make for the additional automobile is made against a coverage we provide for all your other automobiles.
Your newly acquired automobile(s) will be insured as long as you inform us within 14 days from the time of delivery and pay any additional premium required.
We may inspect the newly acquired vehicle and its equipment at any reasonable time.
Special Condition: Coverage is not extended to a newly acquired automobile if you are in the business of selling automobiles.
I think I am out of luck however since I have my cars and bikes insured with different providers.
Anyone read this differently?
My other choice is to set up the new bike under the standard insurance until I get it back and get the appraisal done. Will cost a bit more but I sure as heck don't want to take any chances with coverage if something happens.