Here’s a quick overview of insurance needed for some common summer “toys” and the risks of not having the proper coverage: 

Boats: Boat insurance covers physical damage to the vessel from weather, collisions, and other covered perils. Like car insurance, boat insurance can often include liability and underinsured boater coverage, offering key financial protection in case of a collision. Forgoing this coverage can lead to high repair costs or the fallout from a collision.  

RVs: The required coverage for your RV depends on whether you use it solely for recreational purposes or live in it full-time, and on the class of RV you own. Across the board, RV insurance can financially protect you from theft, weather-related damage, and accident damage and liability risks. If you live in an RV full-time, you will likely need additional coverage beyond that.

Motorcycles: If you’re involved in an accident or if the bike is damaged or stolen, motorcycle insurance is an important financial safeguard. Forgoing this coverage can lead to costly bills if your bike is damaged or involved in an accident. 

ATVs: If you own an ATV, it’s crucial to have dedicated ATV coverage in case of damage, theft, or collision. You can either purchase a comprehensive policy or several individual coverages like liability coverage, collision coverage, and more. 

Golf carts: It's a common misconception that golf carts are fully covered under a standard homeowners or auto policy. In reality, coverage is often limited, especially once the cart leaves your property. A dedicated golf cart or recreational vehicle policy can help fully cover costs associated with damage, theft, and liability claims. 

Forgoing these coverages is not just a risky financial move, but can also carry legal consequences in some cases. 

A lot can change in a year, like getting married, welcoming a child, buying a home, moving, or even handing the keys to a teen driver. These milestones are exciting, but they also mean it’s time to check in on your insurance coverage. Call our office today to schedule your New Year review. Our team will help you update your policies so your protection grows with your life.

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