You have an ATV and you’re enjoying how powerful and fast it is. It is more thrilling than anything you’ve ridden before.
Being a winter sports enthusiast, you can’t wait to hit the slopes and battle the snow drifts on your snowmobile.
Summer comes and all you can think about is getting on the water with your jet skis. There’s nothing like the charge you get when you test your athletic skills on the rough waters.
While all these outdoor adventures give you an adrenaline rush and offer you a break from the mundane, these endeavors also pose a risk to you and others. With each of these powersports comes the possibility of accidents and injuries to you and others around you.
That is why it is worth considering acquiring powersports insurance.
No matter how confident you feel when you’re riding your ATV or other powersports vehicles, you could run into poor conditions on the road, or you could be jet skiing and hit someone, or experience loss control of your snowmobile. These are all realistic events that can happen when you’re maneuvering these powerful machines.
What is Powersports Insurance?
Powersports insurance will cover your motorcycles, ATVs, boat, personal watercrafts, recreational vehicles, and travel trailers.
Do you have homeowners insurance? You should know that homeowner or auto policies provide little, if any, coverage for these types of vehicles.
Why You Should Carry Powersports Insurance
In essence, powersports insurance is necessary to cover physical damage to your vehicle as well as liability bespoke toward your vehicle of choice. What’s more, you will also be insured against other uninsured parties.
ATV Liability Insurance is mandatory for any ATV driver who takes their vehicle on public streets or highways or rides it on public land. Personal liability coverage protects you in the event you unintentionally injure someone. It also covers you if you damage someone’s property.
Types of Powersports Insurance
For the purpose of simplicity, let’s focus on powersports insurance as it pertains to ATVs. Insurance policies for other powersports vehicles are very similar.
ATV insurance may protect you and your ATV if you are involved in an accident. Your insurer could offer coverage for your ATV as part of an off-road vehicle insurance policy.
Here are some coverages that may be available in an insurance policy that covers ATVs:
In just 2014, approximately 93,700 ATV-related injuries were treated in U.S. emergency rooms, according to the Consumer Product Safety Commission. This is one powersports vehicle that has its share of accidents.
If you cause an accident that leads to someone being hurt or it causes damage to another person’s property, this coverage will assist you in paying for the other person’s medical expenses or the costs to repair damage to their property.
Liability coverage usually includes two types of protection:
Bodily Injury: This is liability coverage that takes effect if you cause an accident that harms another person. It usually assists in covering the individual’s medical bills.
Property Damage: This coverage becomes relevant when you are responsible for an accident that damages another person’s property. For example, it could be helpful in covering the cost to repair damage to a building or fence after a collision.
If your ATV is damaged after you struck another vehicle or another object, like a wall or fence, collision coverage will help cover the cost of repairing your ATV.
Collision insurance helps to pay to repair or replace your vehicle if it is damaged from the following scenarios:
- A collision with another vehicle
- A collision with an object, like a tree or a fence
- A single-car accident that involves rolling or falling over
This coverage kicks in if your ATV is damaged by something other than a collision, such as a fire or hail.
Comprehensive insurance also takes effect and helps to pay to replace or repair your vehicle if it is stolen. Sometimes called “other than collision,” comprehensive coverage normally covers damage from vandalism or falling objects, which can include hail and trees.
Comprehensive insurance will also cover damage to your car in the following events:
- Natural disasters, such as a hurricane or a tornado
- Damage done to your car by animals
- A civil disturbance like a riot that leads to damage or destruction of your car
Personal Watercraft Insurance (PWC)
PWC coverage encompasses the same types of coverages that are relevant to an ATV and a snowboard.
Most PWC policies are “all risk” policies. Another words, unless something is specifically excluded, it is covered.
The following scenarios are not covered by PWC:
- Operating watercraft when it is dark
- A PWC modified to enhance performance
- Operation of powersport vehicle by anyone without a driver’s license – however, that could be modified with an endorsement
Similar to ATVs, the main coverages for snowmobiles are liability, collision, comprehensive, and medical payments. Other protection includes trailer coverage, increased liability limits, and optional equipment, such as towable sleds and custom parts.
Graybeal Group, Inc. Offers The Widest Range of Products and Pricing
Graybeal Group, Inc. is a professional Insurance company with licensed agents and staff. With over three decades of experience, The Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture, Hemp, Non-Profits, Pasture Rangeland, and Forage, and Farm & Ranch.
Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business. At Graybeal Group, Inc., we are committed to providing an experience that empowers our clients so they are educated on their coverage and the value we provide above all others.