Summer Toy Insurance: Boat, Jet Ski, ATV, and more!
Summertime, and the living is easy, at least that's what Ella
Fitzgerald says. The weather is warm, the kids are out of school, and
family BBQs are happening. It's time to take your warm weather toys
out of storage and get ready for trips to the river, the lake, or the
ocean. The living might seem easy but an accident involving your boat
or ATV could complicate things. No matter what your summer plans are,
we're here to make sure you and your toys are covered this summer!
Is insurance required for summer toys?
Insurance requirements for boats vary from state to state and depend
on things like use and horsepower. Generally speaking, most states
don't require boaters to purchase boat insurance and the few that do
require insurance, limit the requirement to boats with at least a 50
horsepower engine. Even if your state doesn't require you to carry
coverage on your boat, you may still be required to have insurance if
you plan to rent a slip from a marina or if you have financed your
boat. It's important to check with your local marina and your bank to
make sure you have any required coverage.
Insurance requirements for ATVs also vary from state to state and
depend on where you'll be riding. ATVs and UTVs are not street-legal
so there are no insurance requirements to own one; but if you plan to
ride on state-owned land or parks, you will likely need to carry
liability coverage for your ATV. If you know you'll only be riding on
land that you own or lease, you aren't required to carry coverage but
it's still a good idea to consider it. If you're involved in an
accident and you don't have insurance, you would be financially
responsible for any damage you cause and any injuries related to the
Do I really need toy insurance?
Even if you aren't required to carry insurance on your boat, it's
still a good idea to consider it. Accidents happen and insurance will
protect you when something goes wrong. Most boat insurance policies
are "all risk" policies which means you're covered in a variety of
situations including collisions, theft, vandalism, fire, sinking, and
storm damage. You may have the option to add coverage for personal
items kept on your boat such as fishing gear, wakeboards, surf boards,
and other watersports equipment. Even if you don't feel like you need
coverage for physical damage, you may want to consider taking out
liability coverage to protect you in the event that you cause damage
to someone else's property or are hit by an uninsured boater.
You could say the same thing about insurance for your ATV and other
off-road vehicles. You may not be legally required to carry ATV
insurance but riding can be risky so it's a good idea to look at your
options. You may want to consider taking out collision coverage to
help repair or replace your ATV in the event that you cause an
accident or uninsured/underinsured coverage in the event that someone
without coverage hits you. As with boat insurance, you may have the
option to add coverage for optional equipment such as loading ramps
and safety equipment.
If you're getting ready for summer fun or thinking about purchasing a
boat or ATV, let us help you make an informed decision about your
insurance. Call yourlocal Acceptance Insurance Agent
today and let's talk about the options that best fit your needs!