An active lifestyle for many people means working hard and playing hard with a grown-up toy vehicle. These vehicles may be boats, off-road vehicles such as snowmobiles, dirt bikes, dune buggies, golf carts, all-terrain vehicles (ATVs) and recreational vehicles (RVs). And while these are fun vehicles to operate, accidents can still happen. Regardless of the fun you plan to have with these toy vehicles, safety needs to be your primary responsibility.
Most states require liability coverage for motorized vehicles. If you cause an accident, you’re liable for the accident. There are two types of liability insurance—bodily injury liability coverage and property damage liability coverage.
· Bodily injury liability coverage can help pay if you hurt other people in an accident that’s your fault. Bodily injury liability coverage typically covers medical expenses, recovery treatments and lost wages if they can’t work while they’re recovering. It may also cover funeral costs if it’s a fatal accident.
· Property damage liability coverage can pay for damage you cause to vehicles or other property in an accident that’s your fault. This coverage may also include items in a vehicle, and coverage pays the replacement cost of these things.
Liability insurance may also cover lawyers’ bills or court fees if you face a lawsuit after an accident. Liability coverage typically pays up to the maximum amounts specified in your policy or limits. If your accident damage exceeds those limits, you’re generally responsible for the remaining amount.
Having vehicle liability insurance for your toy vehicles is vital to your financial protection and can pay others for damage you cause in an accident. You may also choose to add additional types of coverage, such as health insurance for your medical expenses or collision insurance for vehicle repairs, to ensure you have as much protection as possible. The Protective Risk Agency can help you determine the insurance you want for your coverage.
Any costs that exceed your liability coverage limits are your responsibility. In other words, you need to pay them out of your pocket. Most insurance policies are customizable to fit a policyholder’s needs. We can provide a policy recommendation based on the types of toy vehicles you want to insure and the amount of coverage that will give you the best protection.