29 Apr Venturing Off the Beaten Path
Spring is finally here! It’s time to get ready for some adventure. Four wheelers, all terrain vehicles (ATV), and utility vehicles (UTV) can be serious fun. But before you hop on your vehicle you need to be protected, not only physically by the gear your wear but also financially with the insurance you have.
ATV insurance is similar to your auto insurance. It is designed to help cover the costs involved with any accidents as well as theft of the vehicle. It will assist you financially with the cost of repairs, injuries that occur, or even lawsuits.
ATV insurance is a little tricky because not all states require you to carry it. However, even if a state does not require it, you may need it for driving your ATV on public land or in state parks. Also, if you finance your vehicle you may also be required to purchase insurance by your finance company. So, even if it’s not required where you might live, it can be a very wise investment.
Many people think that their vehicles are covered under their homeowner’s policy. This is usually true for incidents that happen on your own property only. If you plan to ride elsewhere you need to have a separate ATV policy.
Whether you take your vehicle on weekends to a state park or ride exclusively on your own property ATV insurance can protect your finances in the event of loss, damage, an accident, injury or theft of your vehicle. Here are some details:
• Liability coverage will cover the costs of bodily injury and property damage up to a determined amount if you cause an accident. It will also cover the cost of your legal fees if you are sued.
• Collision coverage will pay for repairs to your damaged ATV after an accident.
• Comprehensive coverage is optional, and will provide protection if your ATV is stolen, damaged by fire, vandalism, or severe weather.
• Uninsured/underinsured motorist coverage, also optional, will help cover your costs if another rider causes an accident, and does not have the insurance to pay for your expenses.
The cost of ATV insurance can vary depending on a number of things such as: age, make, model, and top speed of your ride. Whether you enjoy dune riding or trail riding, for example, the risk is different and so is the cost. Your personal driving record, credit report, and age will be factors in determining the cost as well.
Almost every state has different standards for coverage of ATV owners. To get help evaluating how much insurance and what type of coverage makes sense for you, contact The VanDyke Group and we can assist you with quotes from a variety of carriers.
Source: Trusted Choice.com 2019
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Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your medical professional or legal representative for information specific to your needs.