Recreational insurance is coverage for your recreational vehicle that typically includes protection for injury or damage you cause and to the recreational vehicle itself. In addition, it can protect your financial well-being in the event of an accident. But is it required?
Since recreational insurance includes several different options, the answer varies. So, let’s look at them individually…
Many states require that you carry underinsured or uninsured motorists’ insurance for motorhomes. In addition, all states require you to have minimum liability coverage when the vehicle is being driven on the road.
Insurance is optional for travel trailers since they aren’t motorized and aren’t technically driven.
If your vehicle is financed, your lender will often require you to carry insurance to cover physical damage to the motorhome or trailer.
ATV insurance requirements are based on where you ride. For example, some states require you to carry insurance if you ride on state-owned property, while others may require insurance if your vehicle is being driven off your property. You can check your state laws here.
All states, except Florida, require you to carry motorcycle insurance to register and legally drive a motorcycle. The minimum liability limit requirements vary by state. The process is very similar to that of your automobile, except that you do not have to have the insurance to purchase the motorcycle, only to register it.
Watercraft or boat insurance requirements vary from state to state, with most states not requiring it. You can check your state laws here. However, many marinas require you to carry watercraft insurance to use a slip or mooring.
If your boat is financed, your lender will often require you to carry watercraft physical damage insurance.
Regardless of whether you must have recreational insurance, it is a good idea.
If your recreational vehicle were to be damaged or something happens that results in injury or damage to others, you could be held responsible. Recreational insurance can provide you with financial protection if the unexpected happens.
There are valuable coverage options for you and your recreational vehicle with coverages specific to motorhomes, motorcycles, ATVs, watercraft, and more; we are here to help you. So, to get the conversation started, give us a call at 844-GANNONS today!