three snowmobiles driving on a trail

Snowmobile Insurance: Get the Facts!

If you have just purchased a snowmobile, congrats! You will enjoy countless hours of adrenaline and excitement. That being said, it’s critical that you know how to properly insure your snowmobile.

In Ontario, snowmobile insurance isn’t an option, it is mandatory to have if you are using the vehicle beyond your property. The standard snowmobile policy covers the following:

  • Third Party Liability Coverage protects you if a third party is injured or has their property damaged. If you are sued, this coverage pays the claim up to the limit of your coverage in addition to the cost of settling the claims. Will Marshall Insurance highly recommends a limit of $2,000,000.
  • Statutory Accident Benefits Coverage provides supplementary medical, rehabilitation, attendant care, caregiver, non-earner, income replacement, and dental benefits if you are killed or injured in an accident, regardless of the party responsible.
  • Direct Compensation – Property Damage (DCPD) Coverage pays for the damage to your snowmobile and its contents in a not at fault accident.
  • Uninsured Automobile Coverage provides financial compensation for damage to your snowmobile caused by an unidentified driver.

Snowmobiles are fantastic fun but your risk of injury is higher, especially for new operators. We strongly suggest some of the optional accident benefits available in Ontario. Give us a call and we would be delighted to discuss.

Aside from standard insurance, you have the option to purchase additional coverage for potential loss or damage to your snowmobile. You may want to consider the following:

  • Specified Perils Coverage – This coverage refers to any loss from fire, theft (of the entire snowmobile), lightning, flooding, and hail. Although this is a less expensive option we do not typically suggest it because gaps in coverage exist.
  • Comprehensive Coverage – Covers all damage (including falling through the ice), apart from collision or upset.
  • Collision or Upset Coverage – Insures damage that is the result of a collision with another vehicle or object.
  • All Perils Coverage is the most comprehensive level of coverage and combines collision or upset and comprehensive coverage, along with further theft protection.

Considerations to Take into Account When Seeking Snowmobile Insurance:

  • Combine your snowmobile policy with your home and/or auto for additional discounts (surcharged if insured on its own)
  • What is the make and model of your snowmobile?
  • What is the value of your snowmobile?
  • Who is the primary operator(s) of the snowmobile?
  • Do you have a trail permit?
  • Is your snowmobile financed?

Reach out to Will Marshall Insurance for details on how we can provide you with the insurance you need for your snowmobile. Call us today at 705-726-2551 or visit us at our Barrie and Orillia offices.

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