If you are thinking of purchasing an ATV, or if you own one already, an ATV insurance policy is an important thing to consider. An insurance policy can help to protect your ATV in case of damage, but it isn’t just your ATV that will be covered with insurance, insurance is an important part of protecting you from liability should your ATV cause damage to someone else’s property. In some cases, ATV insurance is required if you take your ATV off your property. Additionally, many public parks require you to have ATV insurance if you want to ride the trails.
The amount of coverage that you should have will vary. Read on to see which coverage options are available under an ATV insurance policy.
Even if you don’t plan to ride your ATV anywhere near busy highways or populated areas, collision insurance is an important coverage option to consider. Should your ATV become damaged due to a collision with a rock, stump, fence, or other vehicle, collision coverage will pay to have your ATV repaired or replaced, depending on the extent of coverage that you chose in your policy. Keep in mind that collision damage does not cover minor scratches, dents, or dings, or other cosmetic damage.
Comprehensive coverage generally provides coverage for circumstance other than collision. This protection is important in case your ATV were to be stolen, damaged by fire or flooding, or vandalized. With comprehensive coverage, you generally pay the deductible and comprehensive coverage will cover the cost of replacement.
Bodily Injury and Property Damage Liability
An accident can happen at any time. Protect yourself with liability coverage. Bodily injury and property damage liability coverage can help to cover you should your ATV become involved in an accident that causes property damage to another person’s vehicle or bodily injury to a third party. Liability coverage will pay for the third party’s medical expenses and costs to repair or replace the damaged property.
Not everyone has insurance. Should you become involved in an accident in which the other party is at fault, but without insurance, you can protect yourself with an uninsured motorist policy. With uninsured motorist policy, you choose the amount that you want to be covered up to. An uninsured motorist policy will pay for your medical expenses and lost wages.
An all-terrain vehicle can be expensive to replace, protect yourself with an ATV insurance policy. For more information on ATV insurance in Texas, contact Texas Insurance Agency today.