Does Homeowner’s Insurance Cover My ATV?

If you own a John Deere Gator, Polaris 4-Wheeler, Golf Cart or any other type of all-terrain-vehicle (ATV) that can be driven on or off your property there are some things you should know about how your homeowner’s insurance policy may or may not cover your liability and your property.

Don’t assume that your homeowner’s insurance has you covered. gator-18

Depending upon your insurance company and type of homeowner’s policy that you have, your homeowner’s policy may have you covered while the ATV is on your premises.   Don’t assume that you are covered; make a quick phone call to your local insurance agent and check your coverage. ATV’s are expensive and your liability is unlimited so a quick check in with your agent is well worth it.

In all likelihood you will be driving the ATV off premises, at least occasionally.   This is where things could get ugly. Homeowner’s insurance companies rate you policy with the risk factors at your home in mind. When you drive your ATV off or your property there are many other risk factors that come into play. Because of this, most homeowner’s insurance policies exclude liability and property coverage to ATV’s driven off premises.

The good news is the endorsement is inexpensive.

To cover your ATV and your liability when you drive it off of your property is normally a pretty easy and inexpensive fix. Depending upon your insurance company, you may be able to add an endorsement to your policy that covers both your ATV and your liability. I recently did this type of endorsement and it cost the homeowners $22 for the year. But, if this policy went unendorsed there would be no coverage if an accident occurred.

If your homeowner’s policy does not offer such an endorsement there are also inexpensive policies that you can purchase. Depending upon the circumstances these policies can range in price from $30 to $225 per year. This is a whole lot less expensive than the cost of replacing your ATV or covering the medical costs of someone who may be injured as a result of an accident caused by the ATV.

The Key is Communication

The relationship that you have with your insurance agent should be a good one. Their contact information should be easy for you to locate and you should feel comfortable calling or emailing them to find out how your coverage works. Your insurance agent should also be relatively quick with their response (within 24 hours). Regardless of who your insurance agent is, you must communicate these types of changes. It’s always a mistake to assume that you are covered. Simply make the phone call or email to assure yourself that you have the coverage that you think you have.

Insurance Video Library Now Open!

 

Bragg Insurance Agency is excited to announce the opening of our video information Library!  This new tool developed for Bragg Insurance Agency clients will help to answer many of your questions about how your insurance coverages work.  insurance-agent

To visit the Insurance Video Library you can click on the following link.  http://myinsurancevideos.com/all-videos/braggins/

We are hopeful that these 36 videos will help our community to make great decisions about their insurance coverages!

There’s a Lot to Consider in a Homeowners Insurance Policy

No matter if you’re a first time home buyer, or just switching insurance companies there’s a lot to consider with your homeowner’s insurance. Your home is probably the largest purchase that you will ever make, so understanding your insurance policy is very important.

Having the right insurance policy for you and your habits is also important. Regardless if you live in an upscale neighborhood of Carmel, Indiana or in a quiet countryside of Northern Hamilton County, your homeowner’s insurance policy should be custom fit to your unique lifestyle.home1

Because there is so much to consider, please take 5 minutes to watch the video “Homeowners Insurance FAQ’s”, it could help you to make some important decisions when it comes to protecting your home, it’s content, and the people who live three.

If you have any questions or if you would like a free homeowner’s insurance review please call Bragg Insurance at 317-758-5828.