An ATV is an asset and should be protected with the right insurance policies. Whether you use your ATV for ranching, hunting, or recreation, avoiding risk can protect you against a financial disaster you can’t afford. Many of these vehicles will require insurance when ridden on state-owned property. Various types of insurance must be put in place to protect against losses, including:
This type of insurance will protect against financial loss should the vehicle be damaged or lost due to theft, fire, flood, non-collision occurrences, or other acts of God.
This type of insurance will pay out on damage to the ATV should it be involved in an accident with another vehicle or due to impact with a stationary object.
Bodily Injury Coverage
Should a third party be injured while riding your ATV or in a collision, bodily injury coverage protects you against the losses associated with the injury, such as medical bills, loss of income from work, and other damages. These policies are widely known for lawsuits, only pay out to certain limits, and should be customized for adequate protection.
This type of insurance will protect against specific losses, including property damage of a third party, and protects your personal assets in the case of a lawsuit up to the dollar amount of coverage limits you put in place.
Uninsured or Underinsured Motorist Coverage
Unfortunately, many people operate vehicles without insurance. If you are involved in an accident with a person who has no insurance or carries inadequate insurance coverage, it may be impossible to cover the full cost of the damages. This added type of coverage provides more security for you and your family.
This type of coverage pays out for bodily injuries to the insured and others in the household who were involved in the accident.
Contact Shelby County Farmers Mutual Insurance Association in Harlan, Iowa, today for help finding the best ATV insurance policy for your needs.