When purchasing an all-terrain vehicle (ATV), there are a few insurance coverages you should consider. Here are some common types of insurance coverage for ATVs:
- Liability Insurance: Liability insurance is typically required or strongly recommended for ATVs, especially if you plan to ride on public or private property. It provides coverage for injuries or property damage you may cause to others while operating your ATV. It includes bodily injury liability, which covers medical expenses and lost wages for the other party, and property damage liability, which covers damage to other vehicles or property.
- Collision Insurance: Collision coverage pays for the repair or replacement of your ATV if it is damaged in a collision or accident. It helps cover the cost of repairs up to the actual cash value of your ATV.
- Comprehensive Insurance: Comprehensive coverage protects against damage to your ATV that is not caused by a collision. It covers incidents such as theft, vandalism, natural disasters, fire, or damage from falling objects. Comprehensive insurance is especially important if you store your ATV outdoors or in an area prone to theft or severe weather conditions.
- Uninsured/Underinsured Motorist Coverage: This coverage protects you if you are involved in an accident with a driver who does not have insurance or has insufficient coverage. It helps cover medical expenses, lost wages, and property damage caused by the uninsured or underinsured driver.
- Medical Payments Coverage: Medical payments coverage provides coverage for medical expenses if you or your passengers are injured while riding the ATV. It can help cover medical bills, hospitalization, and other related costs.