Here in northern Minnesota, it seems like almost everyone has a side by side or four wheeler parked in their garage or in the shop out back. People often wonder if their ATV or UTV needs special insurance or if it is already covered under their Homeowners policy.
Contrary to popular belief, Homeowners policies do not cover most motor vehicles, even if they are parked in your garage at the time of the incident. If your building burns down with your off road vehicle inside, it is more than likely that your Homeowners carrier will exclude your UTV or ATV from the claim. This could be a very unwelcome surprise.
Homeowners policies will cover some vehicles used only to service or maintain your premises (such as riding lawn mowers, for example), but carriers often stipulate that to be covered, the vehicle cannot be subject to state registration and also must be on your residence premises when the incident occurs. Between these two restrictions, you usually cannot expect your Homeowners to cover your side by side or four wheeler.
The best way to get your off road vehicle insured is by purchasing coverage for it under a powersports or off road vehicle policy. Some of the coverages you can purchase under such a policy include:
One thing to note is that your ATV or UTV physical damage coverage is typically designed to cover the vehicle as it was originally manufactured. Off Road policies may throw in a certain amount of coverage for accessories and customization, but you should add up the value of all customization to see if you need to increase the limit for these items.
So how much will it cost to insure your side by side or four wheeler? Tap here to read my prior blog post for the answer.
Thank you for reading this post! Hopefully this helps prepare you to ride the trails with peace of mind! If you have any questions, please contact me.
About the Author
Agent Ken Cobb
Ken is the owner and principal agent at Pine Country Insurance in Bemidji. Active in the insurance industry since 2000,Ken uses his years of personal insurance knowledge and experience to assist clients in customizing insurance coverage to fit their needs. Ken considers himself a "farmer" rather than a "hunter"; rather than focusing on writing a lot of new policies as quickly as possible, he works on cultivating long term relationships based on trust with his clients. When writing new policies and meeting for annual reviews, Ken spends time with his clients explaining and helping them understand their insurance, and he is also pleased to share his knowledge with his blogging audience as well.
Ken Cobb is owner of Pine Country Insurance and has been active in the insurance industry for over 15 years. Meet Ken.
Coverage descriptions found in this blog are summaries provided for general educational purposes and cannot fully detail the terms, conditions, limitations or exclusions of a specific insurance policy. Please read your policy carefully.