Recreational Vehicle Insurance
Boats, jet skis, ATVs and other recreational vehicles are exciting modes of transportation. They provide a great means of escape on weekends and vacations, but ownership of these vehicles creates the need for special insurance to protect you, your passengers and others.
While all recreational-type vehicles can be protected by basic coverage similar to automobiles, each one has its own special requirements and restrictions.
Basic Coverages
At a minimum, boats, jet skis, ATVs and recreational vehicles need liability insurance. Liability protects you if your vehicle injures someone or damages someone else's property.
Typically, recreational vehicle owners also add comprehensive insurance coverage as well. This protects your vehicle property in case of things such as vandalism and damage or destruction caused by theft or fire.
Depending on the age and value of your investment in a recreational vehicle, you may want to purchase collision insurance, which provides coverage for damage you cause to your own property.
Boats
The amount you pay for boat insurance will depend on several factors including:
- Actual Boat Value
- Boating Equipment Value
- Engine Horsepower
- In-board or Out-board Motor
- Length of Boat
You may purchase additional coverage for such things as fuel and Other Spillage Liability, your boat trailer, medical payments, personal effects and liability to protect you from an uninsured boater.
Jet Skis
The price of insuring a jet ski varies depending on its engine power and value. Your insurance costs will typically be higher for a jet ski with more than 500cc. You also may obtain insurance to protect your trailer, or to pay you for medical payments if you're in an accident.
Recreational Vehicles
Typical policies for recreational vehicles will provide you with liability, medical payments and physical damage coverage for your motor-home and can be endorsed to include coverage for rental to others.
Other coverage you may want to consider are:
- Replacement Cost / Purchase Price — In the event of a total loss, you will receive a new unit equal to the model, class, body type and equipment of your previous one. You will be compensated for the actual purchase price of the vehicle.
- Personal Effects — Your valuables (clothing, jewelry, etc.) may be covered against most hazards.
Other coverages you may want to discuss with your Midwest United Insurance Services agent are Towing and Labor or Emergency Expense Allocation insurance.
