Buying snowmobile insurance can be an easy experience if you take the time to check out the available options. There are two components to your insurance policy: Liability Insurance and Physical Damage Insurance.
Third Party Liability Insurance
Third Party Liability insurance is important because it provides coverage for injury or death to others, or damage to others’ property caused during the use of your snowmobile.
In B.C., Third Party Liability insurance is required by law if you cross a plowed Forest Service Road on your snowmobile.
The Sled Safe Insurance Plan from Capri Insurance is available to BC Snowmobile Federation club members and includes up to $1,000,000 Third Party Liability coverage, per occurrence. The cost of the policy is $70.00. That amount covers the annual premium of $59.00 and an $11.00 administration fee that goes to support the BC Snowmobile Federation.
The purchaser benefits from the protection offered by the insurance policy and as a bonus they help fund the delivery of BCSF programs. This is the only liability insurance program in BC that puts money directly into provincial services for snowmobilers such as access issues and support for local snowmobile clubs.
Physical Damage Insurance
Physical damage insurance is designed to protect the snowmobile owner from the financial burden created by things like fire, theft and damage to their snowmobile.
The Capri Insurance OffRoad Physical Damage policy is structured to provide you with a replacement value by insuring your brand new unit for the actual purchase price plus taxes. In the event of a total loss of your unit, you will receive the insured amount shown on the policy and the deductible of $500 is forgiven. For example, when you insure your new sled for $15,968 and then have a total loss anytime during the policy year you will be paid the full $15,968 to replace your snowmobile.
Used units first insured under the Sled Safe Physical Damage policy will have an Agreed value of current clean book value plus taxes.
The physical damage insurance policy is available to any snowmobile owner whose unit primarily lives in BC. Snowmobiles valued from $2,000 to $40,000 can be insured for Basic Perils (Fire, Theft, and Transport), Comprehensive, or All Perils (Collision, upset, comprehensive).
Need more information? Call the Capri Insurance Off Road team at 1-888-818-5821. We are the off road vehicle experts!