Big Boy Toys and Auto Insurance

Big Boy Toys and Auto Insurance

Someone once said that boys never give up their toys when they get older. They just get bigger and more expensive! Boats, jet-skis, motorcycles, dirt bikes, and ATVs are all vehicles, but are not all treated the same way when it comes to insurance. Here is a quick rundown on what you need to know about these various “toys” and how to insure them.

Motorcycles

Motorcycles are treated much like automobiles when it comes to insurance. Every state, except New Hampshire, requires liability insurance on motorcycles driven on the highways. State minimums are stated in three numerals, for example, 25/50/10. In this example, it would reference $25,000 bodily injury protection per person, $50,000 bodily injury coverage per accident and $10,000 property damage liability. Motorcycle insurance is generally much less expensive than automobile insurance especially in cold weather states where bikes may be stored seasonally. If you have a loan on your motorcycle, it is likely your lender will require full coverage.

Boats

If you have a canoe or a non-engine powered watercraft, it is likely covered by your homeowners insurance. For powered boats, however, you will want additional coverage under your homeowners’ insurance policy. At the very least, you will want sufficient protection should your boat be involved in an accident that causes injuries or property damage. If you have financed your boat, your lender may require full coverage.

Jet-Skis

Sold under brand names like WaveRunner, SeaDoo and Jet-Ski, these powered personal watercraft should be insured beyond the minimal coverage that may be provided by automobile or homeowners’ insurance. Separate coverage will help make sure you are sufficiently protected for injuries or property damage that may occur during usage.

ATVs and Dirt Bikes

Some states require insurance on these vehicles if they are used on public lands but may waive the requirement if only used on private property. Some homeowners insurance policies may also provide some minimum coverage. You should contact your insurance agent when considering the purchase of a dirt bike or ATV.

It may also be helpful to know that these vehicles may be at least partially covered by your automobile insurance while they are being towed. It is when they are independently operated you may have bigger concerns. Feel free to contact your independent insurance agent when considering adding any motorized vehicle to your garage.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Using Your Smartphone to Enhance Your Life

Get More From Your Smartphone with These Life Enhancing Ideas

What You May Not Know About Electric Vehicles

If You Haven’t Been Keeping Up, Electric Cars Are Coming Into Their Own

What You Should Know About College Living Spaces

There are More Off-Campus Living Choices Than Ever

Things You May Not Know About Radio

You May Listen Almost Every Day and Still Not Know These

The Dramatically Changing Workplace

It Seems to Have Happened So Fast, Didn’t It?

Life’s Important Numbers

Not Including Your IQ, These Numbers Could Impact Your Life Most

Want an SUV? Could It Be a Porsche?

You Can Still Get a Porsche Even if You Are Committed to an SUV

Five Surprisingly Easy Home DIY Projects

Try These Confidence-Building DIY Projects

The Humble Little Red Wagon

It was Known as the Radio Flyer Red Wagon and There was Nothing Like It

Special Events Insurance

Is There a Bounce House in Your Future Promotional Plans?