Question: What types of recreation vehicles are you most often asked to quote insurance coverage for?
Answer: The types of recreational vehicles available and their price tags have significantly grown over the years, but the most frequently requested quotes are for campers, boats, ATV’s (such as 4-wheelers and side by sides), golf carts, motorcycles/scooters and snowmobiles. Insurance carriers have expanded coverage to include an extensive list of insurable “big boy toys”.
Question: How does someone know if their recreational vehicle requires insurance coverage?
Answer: That question can be answered by asking a few additional questions. First, do you have a loan on your recreational vehicle? If so, your financial institution will require it to be insured. Secondly, if your recreational vehicle is in an accident and sustains damage, will you need insurance to help cover the cost of the repairs? Lastly, is your recreational vehicle licensed for road use? If so, what insurance coverage does the state require?
Question: If a recreational vehicle is being towed or is on a trailer, does the auto policy extend to provide coverage to what is being towed?
Answer: Only liability coverage is extended from the towing vehicle. Liability coverage covers bodily injuries and/or damages to third parties and their property only. To receive physical damage coverage on your recreational vehicle and trailer, they would need to be covered under another policy.
Question: If a recreational vehicle is for home or farm use only, do other coverage options apply?
Answer: Yes. A recreational vehicle such as 4-wheeler for example, can be added to a home or farm policy, but it can only be used on premise. If it is used off premise, a specialty policy may be needed.
Question: If a recreational vehicle is in storage for part of the year, should the insurance be dropped when it is not in use?
Answer: No. It is important to maintain coverage. Building insurance covers the structure and the personal content. However, personal content excludes motorized vehicles. Therefore, if the building where your recreational vehicle is stored burns down, your property would not be protected.
Question: What is the most unusual “big boy toy” you have been asked to provide coverage for?
Answer: A SnoBear. I had not heard or seen such a thing, but it turns out to be an ice fishing dream machine. It is motorized and built on a track system so it can be driven to where you want to fish. The cabin of the SnoBear raises and lowers placing the latched fishing holes directly onto the ice like a fishing shack. It was a very interesting combination of a house on caterpillar tracks. I assume it was fun to own, but a challenge to insure.
