With sunny days and outdoor adventures back on the agenda, let’s take a moment to emphasize the importance of making sure your summer “toys” are adequately insured.
Whether you’re eagerly planning days spent boating, jet skiing, ATVing, or RVing, or hitting the open road on two wheels, having the right insurance coverage is crucial for your peace of mind as you make the most of the season.
Before getting into the specifics, here are four reasons why having the right insurance coverage is crucial:
Unpredictable weather: Mother Nature can throw unexpected curveballs like severe storms, floods, or hail. Insurance is a protective shield that ensures you’re covered no matter the summer weather.
Vulnerability: Theft, vandalism, and accidents can happen at any time. Adequate insurance coverage guarantees a stress-free summer.
Home insurance exclusions: Most home insurance policies exclude motorized vehicles. Specialized policies are required to ensure comprehensive protection.
Financing obligations: If you finance or lease any of these items, maintaining insurance is often a requirement, even if specific states don’t require it.
Now, some vehicle-specific guidance:
Motorcycles: Home and auto policies typically don’t cover motorcycles. You’ll need a specialized motorcycle policy, with premiums based on factors like your bike type and driving record.
ATVs: ATV insurance offers similar coverage options to motorcycle insurance, with potential savings for installing safety features.
Boats: Consider an actual cash value policy for affordability. Smaller watercraft may have coverage under your homeowner’s policy. Unfortunately, boat theft is common while being stored on a trailer, so you need a safe and secure location for your watercraft when it’s not in the water.
RVs: Different types of RVs require varying insurance coverage. Your premiums may be influenced by how you use your RV, whether for full-time living or occasional recreation.
If you’re interested in more information or know someone who recently purchased one of these vehicles, we have resources available to help.
Visit V.I.P. Insurance Services
