• Motorcycle, Boat & Other RV Insurance
Motorcycles, boats, 4-Wheeler, Side-by-Side, Jet SKies, and other RVs aren’t like other, more traditional modes of transportation. That’s why they aren’t covered by traditional insurance policies. Instead, they require their own policies that address the unique kinds of risks these vehicles face. Some of these types of insurance are required by law in certain states, but even when they are not, it’s always a good idea to make sure you have adequate coverage so you can stay protected. If you don’t have insurance on these vehicles or have been thinking that maybe they are covered under other policies you have, you are putting your investments at risk. Here, we take a closer look at RV, boat, and motorcycle insurance.​

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• Motorcycle Insurance
Most states do require motorcycle owners to have insurance, though the kind of coverage drivers are required to have varies depending on a few different factors. Generally, states require owners to have liability insurance, which pays out if the policyholder injures someone else or does damage to someone else’s property. Although this kind of coverage is important, it doesn’t offer any protection to motorcycle owners themselves.

If you have a bike, you should also consider collision and comprehensive coverage in addition to liability insurance. Collision insurance pays if your motorcycle is damaged in an accident, while comprehensive insurance pays if your motorcycle is stolen or damaged by something other than an accident. Motorcycles are considered riskier than cars, so it makes sense to protect yourself with coverage as much as possible.

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• Boat Insurance
While boat insurance is the least likely to be required by law—though you should check with your town as well as any areas in which you boat—it is still extremely important. Even experienced boaters can face more risk on the water than they do behind the wheel of their cars, yet many boaters are less vigilant about insuring their boats than their vehicles. Failing to insure your boat leaves you vulnerable not only to losing your boat, but also facing serious financial loss in the case of injuries or a lawsuit.

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• Off-Road Vehicle (4-Wheeler, ATVs, Snowmobiles, dirt bikes, golf carts) 

Most off-road vehicles are built for adventure — whether you’re enjoying the trail on a snowmobile or hitting the apex on your dirt bike. But some “off-road” activities are a little more relaxed. Your golf cart, for instance, may never exceed 15 miles per hour.

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• Travel Trailer

While you tow a travel trailer with your car — and may have the comforts of home — that doesn’t mean your auto or home policies provide the coverage you want. Talk to an agent about specialized insurance designed for your priorities and lifestyle?

You may be able to get insurance to help with direct and accidental physical damage to your travel trailer, including permanently installed accessories such as: awnings, antennas, and satellite dishes. The range of covered hazards includes — but isn’t limited to — collisions, lightning, flooding, landslides, wind and hail, wild animals, fire and smoke, vandalism and theft, and trees and overhangs.

 

Like most kinds of insurance, you can choose liability insurance or comprehensive coverage that protects you from both liability issues and repairs or replacement of your boat if it is damaged. At the very least, boaters should maintain liability coverage so that if someone is injured on their boat or in an accident that they cause while boating, they aren’t facing the burden of out-of-pocket payments for medical bills, repairs, and legal settlements.

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• RV Insurance
In most states, RV owners are required to have minimum coverage liability insurance on their RVs, just as they would with their cars. If you have a loan on your RV, the loan company may also require you to have a certain level of insurance.

It can be beneficial to have more coverage than is required. For example, collision coverage will help you pay for repair costs if your RV is damaged. Your needs for insurance will also vary depending on how you use your RV. If you use your RV as a residence, you will need more extensive coverage than you would if you use your RV only for certain occasions or times of the year. Discuss your RV usage with your insurance agent before you decide on a policy so you can make sure you have the right kind of coverage and that you have enough coverage for the way you intend to use your vehicle.