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.
Clients are often confused about how this is handled. If the items stolen are permanently attached to your vehicle, for example the stereo system, then it is covered under your auto policy. However if an item like your briefcase, purse or sports equipment is stolen, then you would claim that under your personal property policy (i.e. home or tenant insurance). Limits and deductibles apply so please call us to discuss.
Even if you aren’t driving your vehicle and you have put it into storage, you will want to make sure your car remains protected against things like fire, theft and vandalism. Some companies will also require that your accident benefits coverage remain in force. Our licensed brokers will be happy to talk about options that are available to you.
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.
The Ontario Automobile Policy is regulated by the Government, including what information can be used to base your rate on. This includes a number of details about your vehicle and about the individuals driving the vehicle and/or who reside in your home. For example you will need to provide – address, date of birth, date you were licensed, year/make/model/VIN of your vehicle, how your vehicle is used (i.e. commuting to work), annual mileage you drive, and driving record (dates/details of claims, tickets and accidents). This is not an exhaustive list but will give you an idea of the key information required to get auto insurance.
