If you have a homeowner’s policy, you may be surprised to find little or no coverage for your ATV or a Jet Ski. There are special limits on some policies that apply to these types of machines, and in some cases, they are excluded altogether. In most states, these types of vehicles are not subject to registration and accordingly there are often no insurance requirements to operate these vehicles. However, insurance coverage for these machines is very important for a variety of reasons.
While an ATV or Jet Ski are often quite powerful and fast. While they are not large they still do have the potential to cause serious injuries or property damage to others. A jet ski can ram into a boat or a swimmer, and an ATV can run into someone’s home, vehicle, or other property or worse yet, they can collide with a person and cause serious injuries. If a crash does occur, this could result in very costly liability to the operator. Without insurance, an incident like this could jeopardize your own personal income, home or savings.
Physical Damage Coverage
While your liability may be one of the most important reasons to purchase a policy for your ATV or Jet Ski, you will also want to consider some type of physical damage coverage. You can obtain coverage for damage caused by a collision, and you can obtain comprehensive coverage that will pay for damage caused by fire, theft, vandalism and other perils.
Medical Payments coverage can give you some coverage while using your ATV or Jet Ski in the event you are injured. If you have a health insurance plan with a high deductible or co-pay provision, it may be wise to choose an amount of medical payments coverage that would cover your deductible and co-pay.
If you own and operate an ATV or Jet Ski, be sure to speak with a professional agent today regarding your coverage options. You may be surprised at the affordability and protection offered by these policies. You will be glad you took the time to review your needs if an accident or loss occurs.