School’s out… warmer weather has arrived… summertime is here! As you break out your calendar to plan the next outdoor adventure, don’t forget an important piece of the puzzle: insurance coverage for all your summer toys. Whether your toys are designed for blacktop, water, or off-roading excursions, you should never leave home without the proper policy.
While you may turn to your current homeowner’s or automotive insurance for protection, these recreational vehicles often require unique policies to match their variety of uses. Policies can be customized to meet specific needs for RV’s and campers, to ATVs and motorcycles, and even boats.
RV and Motorhome Insurance
Whether you’re planning a cross-country long-haul or a weekend trip to the lake, your RV acts as your home on wheels. It’s important to protect this asset with the same level of coverage as your traditional home. This requires a unique combination of policy offerings that include:
· Collision Coverage
· Comprehensive Coverage
· Bodily Injury Liability
· Property Damage Liability
These forms of coverage differ from homeowners or auto insurance policies and can even be further customized with a variety of settlement options. Thanks to an agreed value settlement option, you’ll have the opportunity to receive a payment equal to a pre-determined amount agreed upon by you and your insurance provider. You can also receive a settlement in the full amount to replace your vehicle with a total loss replacement cost. A third settlement option is that of actual cash value. This alternative provides a payment equal to the current market value of your vehicle, otherwise defined as its replacement cost minus depreciation.
When your summer adventures extend beyond the season, you might consider a full-timer’s package. Additionally, belonging to an RV association can offer the potential for policy discounts.
Motorcycle Insurance
If you’re getting ready for a blacktop adventure on two wheels, you’ll want to be prepared with an entirely different insurance policy. As you hit the open road with the warm wind in your hair, you can feel confident in adequate protection for both you and your bike.
When it comes to protecting yourself, coverage options to consider include:
· Medical Payments
· Uninsured/Underinsured Motorists’ Coverage
· Theft
· Collision Coverage
· Liability Coverage
However, potential policy combinations do not end here. Specialty coverages include safety apparel coverage, vanishing deductible, roadside assistance, and more. You might also qualify for policy discounts after completing an approved safety course or if you are a member of a certain riding association.
ATV Insurance
Summer is the perfect time to hit the road and the trail. As you head off the beaten path on your All-Terrain Vehicle, you’ll want to make sure you can ride with the confidence of the optimal insurance coverage for your needs. Consider options such as:
· Collision Coverage
· Comprehensive Coverage
· Property Damage
· Bodily Injury
· Uninsured Motorist
It doesn’t matter if you’re riding in style in your golf cart, dune buggy, or on a 4-wheeler. You can customize an insurance policy to protect you, your vehicles, and even the custom equipment added to your vehicle. Similar to policies offered to motorcyclists, you might also be qualified to receive discounts for insuring multiple vehicles or completing rider safety courses.
Boat Insurance
For many summer adventurers, the season means more time spent on the water than on dry land. Boat insurance options differ from all other policies and can even differ based on the part of the boat that needs to be protected. In fact, the hull, motor, and trailer may be insured with different values entirely. Other specialty coverage options include:
· Personal Effects Coverage
· Fishing Equipment Coverage
· Vanishing Deductibles
· Wreckage Removal Coverage
Discount options resulting from the completion of approved boater safety courses may help to reduce the costs of these specialty policies.
No matter your adventure plans for this summer season, it’s important to realize the unique benefits offered by a stand-alone power-sports or RV policy. Don’t adventure alone, without the security offered by an insurance policy customized to your specific summer toys needs.
Visit https://www.insurance-planning.com/content/personal_ins to view the Insurance Planning, Inc. educational series that will help you get started in charting the course for your next summer adventure!