Just a quick Poll WHO OUT THERE HAS INSHURED SLEDS

[famousguy]

Personally, I can't stand paying for insurance, so I have a little guide line that I go by.

If the property to be insured is worth less than $10,000 then I do not insure it.
As for liability. There are only 2 reasons I put it on my sleds
1. I ride in Canada sometimes and it is required to have liability insurance on them.
2. Read too many posts from sue happy people.

2005 Suburban is just about to go under the $10k value and the full coverage will be removed.

2008 Chevy Malibu Is also just about to go under the $10k value and the full coverage will be removed. (This car by the way is a pile of junk)

 

[fusion]

I'm not sure why someone wouldn't have AT LEAST liability insurance on a snowmobile. You get hit by an uninsured rider and end up in the hospital for a month, who's going to pay for that? Obama? (sorry, couldn't resist) Nah, you will be bankrupt and penniless. Totally irresponsible to NOT have insurance. As for sleds being worth under 10 G's and not covering with collision, well, you are self insuring yourself, and that's fine. But be prepared to pay big bucks if you miss one turn and hit a tree, or hit some guy on your side of the trail. Not worth the gamble. Now if the sled is worth $500, no reason to have collision or comp, but geez, who rides a 500 dollar sled anymore? I absolutely HATE spending unnecessary dollars on insurance, but as soon as you remove it, sure enought you will have an accident and rue the day you were a cheap fink. I think I'd get out of sledding entirely before I decided to ride without insurance.

 

[polarisrider1]

I'm not sure why someone wouldn't have AT LEAST liability insurance on a snowmobile. You get hit by an uninsured rider and end up in the hospital for a month, who's going to pay for that? Obama? (sorry, couldn't resist) Nah, you will be bankrupt and penniless. Totally irresponsible to NOT have insurance. As for sleds being worth under 10 G's and not covering with collision, well, you are self insuring yourself, and that's fine. But be prepared to pay big bucks if you miss one turn and hit a tree, or hit some guy on your side of the trail. Not worth the gamble. Now if the sled is worth $500, no reason to have collision or comp, but geez, who rides a 500 dollar sled anymore? I absolutely HATE spending unnecessary dollars on insurance, but as soon as you remove it, sure enought you will have an accident and rue the day you were a cheap fink. I think I'd get out of sledding entirely before I decided to ride without insurance.

Who rides $500 sleds anymore? The kids in my neighborhood. Who is going to pay if you get hit by an uninsured rider? In Michigan we have no-fault Insurance. I had this happen back in 1985. My regular Health insurance paid 80% then my 20% that I was suppose to pay (so I thought) was paid through my auto policy. I paid for the foam slippers $5.90 that was not covered. Then I sued the guy for lost wages. His homeowners policy paid for that. I just added Insurance to my sleds this year for the first time in 38 yrs. of riding. It is fairly inexpensive considering how I ride that thing off trail. Bankrupt and Penniless is a bit excessive isn't it. My cars and trucks all go to PL&PD (min. coverage to go down the road) the minute they are paid for and there is no longer a lien holder. (can't stiff the bank, they loaned me the money to get the toy). I do put full coverage on when riding Canada. They like that.

 

[mjkaliszak]

Too much invested in sleds not to insure. I cover all 3, collision during the season and comp in the off season. I only will use it for a big item aka ( totaled ). I was actually kicked out of the sled insurance game back in my 20's when I thought I knew everything....LOL
I watched a garage fire burn my freinds sleds & gear to the ground. For me it would be pretty hard to come up with 30K to re-up sleds , not to mention gear , mods,& 7K trailer, WITHOUT going into debt. It's " Peace of Mind "

 

[famousguy]

Too much invested in sleds not to insure. I cover all 3, collision during the season and comp in the off season. I only will use it for a big item aka ( totaled ).

So let me make sure I get this straight...

You pay for insurance, and then let's say you whack a tree, and do $1500.00 damage to your sled. You then do not turn that claim in???

So you actually pay for the insurance, but do not use it?

I MUST be reading that wrong.

Please let me know.

 

[coldbear]

Yes,Full coverage on sleds and trailer.

I wouldn't pull the ropes without coverage nowdays. They are standing in the hallways at the courthouse to see how much ya have.Years ago my friend totaled his sled without insurance. He never recovered from the $$$ hit. Shame too as he really loved the sport.

 

[famousguy]

Totally irresponsible to NOT have insurance.

How do you figure that it is irresponsible? As for the property damage, I am taking the risk of losing my sled or having medical bills of my own to pay for. As for the liability, they would have to take me to court and prove that I was at fault before they could get a judgement against me. If that were the case, then I would be responsible to pay.
Now, if that were to happen, and I did not pay, then I would be irresponsible.

I do have liability only on my sleds as of last year.

As for sleds being worth under 10 G's and not covering with collision, well, you are self insuring yourself, and that's fine. But be prepared to pay big bucks if you miss one turn and hit a tree, or hit some guy on your side of the trail. Not worth the gamble.

Correct, I am self insured. Not worth the gamble? Well, if I wrecked a $10k sled, sure, I would not be thrilled about it, but as a wise man once told me. "I would still sleep in the same bed that night". The $10k figure is just where I have drawn my line in the sand. Some people may draw that line at $20k, and some may draw it at $500.00

 

[upsledder]

I only will use it for a big item aka ( totaled ). I was actually kicked out of the sled insurance game back in my 20's when I thought I knew everything... "

Did you forget to clean all the duct tape off the throttle before you filed the claim?

 

[RightTurn]

RightTun Just wondering do you actually have ins. on the sled (property insurance)as part of your full coverage on your 96 vmax? I dont think an insurance company will give you but a couple hundred bucks for a sled that is 14 years old if you have a loss.

Why not purchase liability only and save a few bucks and feed the profit driven insurance company less cash.

Pro

good point Pro...

i just starting riding my dads old sled (the '96)... he didnt have any insurance on it. So i called up my ins. company to add liability for a year while i road it this winter. agent said for an extra 23 bucks for the year i can have full coverage. if all goes right i will have a newer sled by next year. I figured that if i were to get into a really bad accident and get 500 bucks for the sled, that i could spend the extra 23 bucks for a year or two and still be money ahead. but we all know that is a big if and none of us ever hope to be in an accident. hindsight yea i probabaly didnt have too, but im just covering my rear. my ins. company loves me right now anyways, since i need an SR22 thanks to my own stupidity at one point in time. and i get a pretty decent deal since i have auto, renters, boat, atv, and snowmobile policies.... Im sure im getting had worse than what i am on the sled in one of my other policies.

But, thats why i came to this site, im looking for a newer sled to purchase. hopefully i find what im looking for here. my brother did 2 years ago and refered me to this site.


sorry for the long post.

 

[fusion]

I am a strong proponent of saving a buck any way possible, including insurance. I hate being gouged by insurance providers that raise your rates year after year without claims or cause. That being said, I have more than the average joe to subject to possible legal action in the event of personal fault. Several times over the years, members of my family have had serious accidents, and the insurance company actually negotiated settlement with the faulty party and acted as the arbitor, in lieu of legal representation.

Even if you chance running without insurance, and have the cash to finance your loss, whether it be physical or property, defending yourself against frivilous legal action can be very costly whether you are at fault or not. By all means, if you have a less than 10 G's in investments and property, run without and take your chances. Generally they can't sue you for what you don't have as someone mentioned in a previous post.

 

[chickenbone76]

Full coverage for $180 a year.

 

[dooride56]

Who cares what anybody pays or what company. It is all about protecting you and your family from any law suits to defend your leagal liability. For what is cost for JUST liability is a lot less then all your other possesions. If you choose to 'self insure' great that you have that freedom in your life to absorb a 1,000-13,000 dollar total loss. The key point is to portect you and your family from 1. law suits (cost to defend yourself) 2. net worth (aka lawsuit you lose-pay claimant 1000's 3. Protecting your fellow sledders in case you two have an ACCIDENT with each other. Choose your own order of the above listed items. Just my two cents....not worth a lot though I am sure.

 

[fireman35]

If you are running a sled with out at least a liability policy than you must not have a lot to lose in life. If you are found to be at fault for maming or killing someone while you are on that snowmobile you will not have enough in your bank account to cover the legal fees or the judgements that you will face i dont care who you are you will find yourself facing bankrupcy,lost of any equity in your home,sale of any and all propertys and vehicles that you dont owe on and possibly having future paychecks with attachments.This stuff is to protect the life you live from being lost to your negligence.ya self insurance is an ignorant excuse for not having insurance because even Bill Gates has and pays for insurance, Figure it out