Once you’ve chosen your snowmobile or ATV insurance, you can add additional coverage. You will need to evaluate your needs to see whether such coverage would be useful.
An “endorsement” enhances your coverage. You add more extensive coverage to your policy, which thus provides protection.
You pay a supplement for this type of coverage. A number of endorsements are available on the snowmobile or ATV insurance market to meet your needs. The most popular is commonly known as replacement cost.
Replacement cost coverage pays out an indemnity that does not factor in depreciation.
Both products are sold mostly for new off-road vehicles. They pay out an indemnity without depreciation in case of a total or partial loss.
Change to loss payment (Endorsement 43 A and E) or replacement cost.
In case of a total or partial loss of your new off-road vehicle, your insurer does not take into account its depreciation if you added this coverage to your policy.
Accident Benefits (Endorsement 34).
If you die as a result of an accident with your off-road vehicle, this coverage pays out compensation to your family.