Over the last couple of weeks, we’ve delved into reasons why you need to maintain insurance coverage on your recreational vehicles. We’ve covered boats and RV/Campers. Today we’ll talk about ATV’s.
As with other recreational vehicles, if your all-terrain vehicle (ATV) is financed, chances are your bank or financial institute will require coverage until the loan is paid off.
However, most people are quick to cancel that insurance as soon as the loan is paid off.
If you use your ATV on a regular basis, have passengers riding with you, or ride with other people on all-terrain vehicles, you need to purchase and maintain insurance. As with other recreational vehicles, your auto and/or home insurance policy does not necessarily cover ATV’s.
A good ATV policy will cover Liability, Comprehensive, and Collision which is great in the instance you’re at fault in an accident. But what about your property damage, contents and/or bodily injuries?
Much like a full automobile policy, an ATV policy should cover (or offer) Uninsured Motorists and Medical Payments. Then you’ve got to think about contents and personal belongings, equipment coverage, physical damage to your trailer, off premises coverage.
Have young drivers? Make sure they are added (or included) on/in your policy. Don’t just assume anyone who drives or rides your ATV is covered.
When looking to insure your ATV, check into all of the optional coverage available. Chances are the difference in premium is minimal and well worth the peace of mind.
One more thought, if you’re a sportsman to any degree, please make sure you have adequate life insurance. Accidents happen, it’s wise to be prepared.
If you’re in the market for a new ATV (4-wheeler, golf cart, etc.) consider giving us an opportunity to earn your business!
Until next time take care and remember…. Louisiana is known as “Sportsman’s Paradise,” don’t let paradise become your personal hell by being under-insured.
Tommy Curtis and Staff
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