My sled is financed, and no form of insurance is required. Through TD. Would be good to have piece of mind though, in case the sled sails off a cliff or something.
Last year was my very first season sledding and I bought an XM. I found it to be so easy to ride, I was able to do stuff that it had taken my buddies a few years to do. Love the sled, and from the rmk and the couple different cats I rode, I preferred my xm.
I'm not as sure it's as serious as it's being made out to be. If there was that much uncertainty the Canadian dollar would be seeing fairly large increases because it's seen a relatively safe currency. The dollar is on the rise again but not at even par.