Snowmobiling… one of the best parts about our Canadian winters. Is your snowmobile your pride and joy or simply a means of getting from point A to point B? As you can imagine, the way you look at your snowmobile says a lot about how you want to protect it.
Many power sport vehicle owners assume they can get by with limited insurance but at a minimum you should have liability coverage, medical payments to protect you in the event you suffer an injury, comprehensive insurance to provide coverage in the event of a theft, fire or vandalism and uninsured driver coverage for damage caused by uninsured or underinsured drivers. Other considerations include collision coverage, trailer insurance, and equipment insurance (hauling camping/fishing gear). We’ll put together options so you can be confident you have the protection you need for both you and your snowmobile.
It is important to report this to the police within 48 hours and to have a police report available to share with the insurance company. In hit and run instances, the claim will be considered not at fault if it is reported to the police, but your collision deductible will apply.
There are a number of factors that could cause your insurance premium to increase. All insurance companies must have their Ontario auto rates approved by the Government regulator, Financial Services Commission of Ontario (FSCO). Depending on the details of your policy, your rates could go up on renewal when you enter a new policy period. Or perhaps you’ve made a change to your policy such as –
Always work with a licensed insurance broker who will take the time to review your policy with you and answer any questions you have.
Yes. How you use your vehicle has an impact on your insurance. Your insurance company will want to know if you use your vehicle for a ride sharing program. Although Uber now has their own fleet policy in place for their employees, some insurance companies have different requirements if you are driving for Uber. It’s always best to check. Let us know if you’d like to discuss how the insurance companies that we work with, handle ride sharing vehicles.
Your Ontario Automobile Insurance policy will provide coverage while travelling within Canada and the United States. Your insurance company will need to know if your vehicle is outside of Canada for 6 consecutive months.
We recommend that if you are making frequent trips outside of Canada, that you increase your liability limit to ensure you have sufficient coverage in the event of a loss outside of Canada. Many clients are surprised how inexpensive it is to increase their liability limit. Call us today and we will give you a quote.
When you lend your vehicle, you also lend your insurance. In the event someone is involved in an accident while using your vehicle, your own policy will apply and your insurance company will respond for the accident. Please remember that depending on the nature of the accident this could impact your insurance record and your insurance rates.
