If you are found responsible for an accident that results in personal injury, property damage, or death, third-party liability insurance will provide financial protection. All Canadian auto insurance policies must include some level of third-party liability insurance.
This section of your ATV policy provides benefits if you are injured in an ATV crash, regardless of who caused it. This coverage can include supplementary medical, rehabilitation, attendant care, caregiver, nonearner and income replacement benefits.
Direct Compensation Property Damage
The direct compensation part of direct compensation property damage (DCPD) coverage means that you will collect directly from your insurer, even if someone else damages your vehicle.
Under DCPD, drivers who are determined not to be at fault for a collision will only deal with their insurance company to collect compensation for physical damage to the vehicle and its contents or to repair the vehicle. It is part of all basic auto policies and third-party liability or accident benefits.
Collision and Upset
If your ATV is in an accident with another vehicle or object, such as a tree or guardrail, it will cover the cost of repairs or replacement.
Comprehensive coverage all damage to your ATV since extraneous events may not be covered by ATV coverage. Events that are not caused by ATV riding are:
- Inclement weather
Knowing the likelihood in which your ATV may be damaged or stolen will help you make an informed decision about the amount of coverage you need. If you live in a low-risk area, it may not be worth the extra cost.
This covers damage to your off-road vehicle that is caused by a set of perils. This can include fire and lightning, theft, attempted theft, earthquake, hailstorms, explosion, riots, civil unrest, and falling aircraft or parts.
This is a combination of comprehensive and collision coverage.
Installation of an anti-theft device
An anti-theft device lowers the chance of your vehicle being stolen and therefore reduces the insurance company’s replacement cost. There are often discounts for this feature.
Bundling your ATV insurance with your home and auto policies can potentially help you get a lower rate.
Completion of a safety course
Insurance companies love ATV drivers who are safe. A safety course can provide information on how to reduce risks and help drivers find safer alternatives to dangerous situations. Some policyholders may be able to lower their ATV insurance by taking a safety course.
Depending on the insurance company, you might be eligible for a lower rate or a discount on your premium if you pay in full for the year instead of monthly installments.
Senior rider discounts
Senior drivers may be offered a discount or lower cost for their ATV insurance. Insurance companies may offer lower rates because older riders are seen as taking fewer risks with their ATVs. For more information about coverage options for mature riders, talk to your insurance provider.