Risk & Business Magazine Capri Insurance Fall 2016 | Page 25

OFF-ROAD VEHICLE INSURANCE BY: ZACH SCHWING, CAPRI INSURANCE Off-Road Vehicle Insurance: Look to What You Need To Know! A t Capri Insurance, we love the outdoors! That’s why we’ve spent forty years creating insurance programs exclusively for Off-Road Vehicle (ORV) enthusiasts. From your snowmobiles, dirt bikes, and all-terrain vehicles (ATVs), to Razors, Argos, and Rhinos, we truly have you covered. Whether you ride on dirt or snow, there are two critical coverages you need to be aware of: liability insurance and physical damage insurance. Liability insurance provides coverage for you if you injure someone else or cause damage to someone else’s property. If you do so with your ORV, the costs can add up quickly. The right liability coverage can protect you from this financial burden if you’re ever at fault in an accident. Did you know that in British Columbia (B.C.), you’re required by law to carry liability coverage if you operate an ORV on forestry roads? If you operate an ATV, dirt bike or side-by-side on a back country road in B.C. it’s highly likely that you’ll be traveling on a forestry road. Ministry of Forests and Range regulations require you to carry liability insurance for your vehicle. If you operate a snowmobile on a ploughed forestry road, you’re also required to carry liability insurance. Failure to provide proof of insurance can result in fines well over $200. Physical damage insurance provides protection from loss or damage to your ORV by fire, theft, transit, vandalism, and even collision. With physical damage insurance, you can have peace of mind knowing that if your ORV is stolen, damaged, or lost in a fire, you’re covered for up to the agreed value of a new ORV. In B.C., the landscape for ORV owners has shifted recently, with the provincial government launching and enforcing new registration regulations. To register an ORV, owners are required to provide an original bill of sale. In many cases, especially if the vehicle was purchased used, owners no longer have the bill of sale. In this case, a Statutory Declaration Form (MV1484) is required. Normally, a Statutory Declaration Form requires a notary public to review and sign the document, adding additional time and cost to the registration process. Recognising this challenge, Capri Insurance has added Commissioner of Oaths in each of our offices who can sign the Statutory Declaration Form at no additional charge. Being involved in and supporting the outdoor community is important to us. Capri Insurance is the preferred insurance provider for the BC Wildlife Federation and the BC Snowmobile Association. Through our partnerships, we’ve created exclusive risk management programs for snowmobile and outdoor clubs across the province to ensure safer activities for their members. By becoming a member of one of these associations and purchasing your insurance through Capri, you benefit from the protection offered by the insurance policy, and as a bonus, we help fund the delivery of association programs. Protect yourself and your ORV with the right coverage. To learn more or get a free online quote, visit www.capri.ca/offroad. For more information about ORV coverage with Capri Insurance, contact Zach Schwing at 1-888-818-5821 or [email protected] + Zach Schwing leads the Outdoor Recreation Insurance team at Capri Insurance. Zach and his team are deeply committed to client satisfaction while helping people enjoy their outdoor adventures safely. When Zach’s not in the office, you’ll find him out on the trails enjoying beautiful B.C. on his quad. FALL 2016 | 25