14 September 2016

The Wonderful World of ATV Insurance

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Before you grab your helmet, hop on your ATV (all terrain vehicle), and hit the trails, you’ll need to know about your ATV insurance obligations and the kinds of coverage available. Let’s take a look at how ATV insurance works!

All-terrain vehicles

There are two types of ATVs:

Side by Side

All Terrain (three or four wheels)

ATV insurance: What’s mandatory

Third party liability is mandatory for all ATV owners. On the Société de l’assurance automobile du Québec (SAAQ) website, you’ll see that the minimum coverage required by law is $500,000. Should you be legally at fault for an accident involving property damage or bodily injury, that amount would be used for compensation.

Starting November 1, 2016, Fédération québécoise des clubs quads members can take out third party liability insurance when purchasing their trail pass. Of course, you can get it from Promutuel Insurance at any time.

Coverage provided by your insurer

With ATV coverage, there are a number of options.

Comprehensive coverage. Covers damage to your ATV, equipment, and accessories due to any type of risk.

Collision or upset coverage. Covers damage to your ATV, equipment, and accessories in the case of a collision or if you flip your ATV.

“Perils other than collision or upset” coverage. Covers damage to your ATV in the case of theft, fire, hail, or a broken window (among others).

“Specified perils” coverage. Covers damage to your ATV due to the risks specified in the policy. This coverage is more restrictive.

Use-based coverage options

What type of driver are you? Your insurance needs and options will vary depending on how you use your ATV.

The Worker. You use your ATV for farming or for a variety of tasks at work. You couldn’t do your job without it!

The Amateur. ATVing is a way to have fun. You use your ATV to go fishing or hunting or just to get out on the trails.

The Die-hard RiderYou love ATVing and consider it a sport. For you, any reason is a good reason to head out onto the trails. Whatever the season, you’ve got the vehicle.

If you’re a “Worker”

Since you use your vehicle for work, certain specifics could apply. So be sure to let your insurer know.

If you’re an “Amateur”

There’s an endorsement that covers rental, taxi, and public transportation costs if a covered accident deprives you of your ATV. It could come in mighty handy!

If you’re a “Die-hard Rider”

You may want to consider getting a waiver of depreciation. If your ATV is fairly new, you could choose a two-, three-, or four-year waiver of depreciation to protect your investment in the case of an accident.

If you have a trailer or have extra equipment or accessories on your ATV, make sure they’re insured too!

Talk to your damage insurance representative and fill out an online ATV insurance quote request today.

Happy trails!