Fun in the Sun.. Understand Your Insurance Risk
The temperature is rising and the sun is shining, but are you Properly Insured for Your Summer Fun?
A boat insurance policy provides liability coverage if someone is injured on your boat as well as bodily injury inflicted on others and property damage to your boat. These policies also may be suspended during the months your boat is not in use.
Motorcycles and Scooters:
Motorcycles and scooters are not covered by a standard auto insurance policy. You must have a separate policy that covers liability, no-fault personal injury protection coverage (if required in your state), or medical payments coverage (if required). Depending on the value of the motorcycle, you may need to purchase comprehensive and/or collision coverage. When you're getting a quote for insurance for your motorcycle or scooter, ask your insurance provider about any discounts they may offer for taking safety courses or having multiple policies with the same insurance provider.
If you carry seasonal coverage on your motorcycle, which allows you to eliminate liability and perhaps collision coverage during the months you don't ride, make sure your policy is up to date and that you have a current insurance card before hitting the road this summer. Also, be sure you understand your state's law and your policy's requirements regarding wearing a helmet. If you have specific questions, contact your state insurance department.
All-Terrain Vehicles (ATVs):
ATVs are not covered by standard automobile insurances policies; only limited coverage on your homeowners policy. You should also ask your provider about age restrictions regarding who may operate the ATV, or if the policy covers friends and family, as this could affect the coverage you choose to purchase.
Backyard Fun - Pools and Trampolines:
While they are fun for the family, the dangers associated with pools and trampolines may increase your insurance risk. Consider purchasing an umbrella policy in addition to your homeowners insurance to provide additional liability coverage. Some companies may not insure your property if you have a trampoline or swimming pool. There may also be policy exclusions for liability related to trampoline or swimming pool injuries.
An insurance company may deny coverage or cancel your policy if you do not follow the policy's safety guidelines or fail to inform the company when you build a pool or purchase a trampoline. Check with your insurance provider for rates, discounts and safety guidelines, such as installing a fence or locked gate.
For many people, fireworks are a tradition on the 4th of July. However, the use of fireworks, which are illegal in some areas, could jeopardize your insurance coverage if someone is injured or if your home is damaged.