ATV Insurance
All Terrain Vehicles have become more and more popular not only for recreation, but also as a service vehicle on the farm or ranch. The ATV falls in an area that requires specialized insurance. Since you cannot license it for the road, it cannot be added to your auto policy, and since it has four wheels, it cannot be added to a motorcycle policy. Because of its popularity, the insurance industry has responded with a special policy to offer affordable coverage for the ATV and golf cart :
- Bodily Injury Liability – Provides coverage in the event you are in an at-fault accident, and a 3rd party is injured.
- Property Damage Liability – Provides protection if you accidentally cause damage to another person’s property.
- Comprehensive Coverage – this coverage pays for covered losses resulting from incidents other than a collision – such as theft, fire or vandalism minus your selected deductible.
- Collision Coverage – pays for damages to your ATV in the event of an at-fault accident minus the deductible you select.
- Medical Payments Coverage – this coverage pays for injury expenses for you or a passenger no matter who is at fault.
- Uninsured/Underinsured Motorist Coverage – pays for your injuries if hit by an uninsured or underinsured motorist on a public road.
Why Purchase ATV Coverage
Although most people consider an ATV to be a motorized toy, they come in all sizes and can get quite expensive. Many ranch and farm owners consider the ATV to be a vital service unit on their property.
Any ATV purchase that is financed is going to have an insurance requirement and also :
- ATVs have a historically high theft rate.
- Most homeowner policies will not cover your ATV while it’s off your property or while on a trailer.
- Most state and federal parks require proof of insurance before allowing your ATV on the property.
If you currently own an ATV or considering a purchase, make sure you contact us to get all your questions answered and to learn the best way to protect you and your new ATV.