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.
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.
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.
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.
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.
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.
