Should you Insure your Recreational Vehicle?
Know the Law
Some municipalities in Ontario permit the use recreational vehicles on regular roadways, and some do not. Make sure you check local regulations before riding.
Always wear a helmet and protective clothing. Many serious or fatal accidents could have been prevented with the property riding gear.
Many of today’s Rec Vehicles are very powerful and are intended to be used by adults. Underage operators should never be permitted without proper supervision.
ATVs and snowmobiles are being stolen at an alarming rate in Southwestern Ontario and few are ever recovered. Make sure yours are safely stored and properly insured.
Recreational Vehicle Policy Coverage
A Recreational Vehicle policy includes the same standard coverages as your regular auto insurance policy such as;
- Third Party Liability – covers damage caused to other people and property and also payments for medical care
- Accident Benefits – covers benefits like medical rehab, income replacement, and funeral expenses.
- Uninsured Motorist Coverage – includes hit and run drivers and people that do not have sufficient insurance coverage for your claims. Your insurance company will pay the difference, so you will not have to suffer.
- Direct Compensation Property Damage – pays for your vehicle repairs if you are not, or only partially at fault, for an accident. Your DCPD will pay that portion.
- Comprehensive – will pay for theft, fire, glass breakage, and vandalism. It also will cover instances like tree limbs falling on the vehicle.(Optional)
- Collision – pays for your vehicle repairs should you be at fault.(Optional)
Policy premiums are often based on the vehicle’s value and size of the engine.