Do you live on a sprawling ranch or farm? If so, chances are you use a motorized All-Terrain Vehicle (ATV), or Utility Task Vehicle (UTV) to keep up with the day-to-day demands of work and maintenance. ATVs and UTVs are very useful for landowners and farmers, as they can carry multiple passengers and can come equipped with helpful features, such as plows, towing capacity, and even dump beds. Of course, these workhorses do not come cheap; some can cost as much as $10,000, $15,000 or even $20,000 or more. Continue reading to learn how you can insure your investment and get the most out of your purchase for years to come.
Accidents Happen – Even on Your Own Property
ATVs and UTVs have a high rate of accidents; especially considering some of today’s all-terrain vehicles can reach speeds of 70 MPH. While collisions with other motorized vehicles can occur, the most common cause of accidents is rollovers. If you are the only person involved in an accident on your own property, ATV medical payments insurance can help cover your medical bills, and collision coverage will foot the ATV repair or replacement bill.
Things get more complicated, however, when an accident occurs involving another person or another person’s property. For example, if a neighbor comes over to help you, your risk exposure is suddenly increased. If the neighbor is injured while riding as a passenger on your ATV or UTV, you would be financially responsible for any resulting medical bills and the neighbor’s lost wages during recovery. ATV liability coverage can help cover these costs, as well as any legal expenses stemming from a lawsuit related to the accident.
What Should be Covered?
If you primarily use your ATV or UTV for daily work on your personal property, there are several factors to consider when selecting your insurance coverage. Before buying a policy, however, ask yourself the following questions:
- Will other people be using my ATV?
- Is there a possibility that other people could be injured by my ATV?
- Where will I be operating my ATV or UTV?
- Will I be operating my ATV around other all-terrain vehicles?
The answers to these questions can help determine the amount of liability protection you may need when selecting a policy. In addition to liability, you should also talk to your agent about collision and comprehensive ATV insurance that covers the repair and replacement of your ATV if it is damaged or stolen.
Finding Affordable ATV or UTV Insurance
Whether you use an ATV or UTV for work on your personal property or are considering purchasing one in the future, insurance is a must, not an option. Foregoing it could cost you thousands in damages and losses that would have otherwise been covered by your policy. Contact our office to speak with an ATV insurance agent about your coverage needs and get your free quote today. We are happy to evaluate your personal risk profile and help you find a policy that will protect you against the unexpected. Call today. We look forward to serving you soon.