"Many of us here have used Fischer Specialty Insurance and have found Marc Fischer to be very helpful, very knowledgeable and, frequently, offers the least expensive insurance. Call him and get a free quote."
Ken Tompklns
Can-AmTalk Member Newsletter
Spring 2008
Spyder and ATV Insurance Q&A
Why am I having a tough time finding insurance for my Spyder or off-road vehicle?
Every insurance company has a target market. It is important to realize that just because one company provides exceptional service and products for your home or auto, it does not mean they have the expertise to offer specialty insurance for a motorcycle or off-road vehicle. Some insurance companies have been built from the ground up catering to specialty vehicles such as the Spyder and ATVs. Look for a company that is A+ Rated by AM Best and specializes in insurance for recreational vehicles on a national level. These companies rely on experienced and licensed agents to distribute their products to the right candidates. Make sure your agent understands not only the machine but also your passion.
Why do I need UM/UIM (uninsured motorists and underinsured motorist)?
Not all drivers are properly insured. Pick an insurance provider that sells uninsured motorists (UM) and underinsured motorists (UIM) coverage. UM/UIM coverage provides payment, up to the limits contained in the policy, for covered, legally collectible damages for bodily injury or death if you or any person riding on your vehicle is injured or killed in an accident by an at-fault uninsured vehicle, or if the driver at-fault is never identified.
What is Replacement Cost Coverage and do I qualify?
This option replaces units up to two years old in the event of a total loss without depreciation. If your Spyder or ATV/Motorcycle, is stolen or damaged beyond repair, you can get up to policy limits to replace it with a new unit of like kind and quality. This will get you right back to where you were before the loss occurred. Not all companies offer this valuable coverage and there is additional cost. Refer to your agent for the exact definition and explanation of replacement cost when purchasing a policy as this feature varies from company to company.
What discounts are available?
Qualifying for various discounts can drive down the cost of your policy up to 35% in some instances. The most available discounts are related to: Homeownership, multiple cycles and/or ATV's on one policy, rider experience, transfer discount (coming over from another insurance company), safety course completion, and Claim-free renewal discount.
Q&A provided by Marc Fischer. Marc Fischer is an independent agent who only insures recreational products, specializing in Spyder insurance coverage. Contact Marc for your questions at Fischers Specialty Insurance.