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.

Leave a Comment





Staying Healthier: A Home Gym in the Space of a Closet

March 3, 2021

Why Now is a Good Time to Compare Car Insurance Rates

March 2, 2021

Preventing Yourself From Becoming Insurance Poor

March 1, 2021

Name the Movie: 12 Memorable Lines

February 26, 2021

Staying Productive Working From Home

February 25, 2021

Life Insurance For All Phases of Life

February 24, 2021

Six Assumptions About Auto Insurance That Could Be Costing You $$$

February 23, 2021

Features that are Attracting Home Buyers Today

February 22, 2021

Why Should You Visit Ohio

February 19, 2021

Five Bad Reasons to Bring a Partner Into Your Business

February 18, 2021

New Vehicles: The Ways and What We Buy Have Changed

February 16, 2021

Boys and Grills. Cooking Safer Outside.

February 15, 2021

Eight Important Life Skills Your Child Should Have By the Time They Are a Teen

February 12, 2021

You Might Need Business Insurance If…

February 11, 2021

Five Events That Should Trigger a Call to Your Life Insurance Agent

February 10, 2021

Car Insurance Add-On’s You May Want to Consider

February 9, 2021

Guns and Homeowners’ Insurance

February 8, 2021

How Low Can You Get Your Electric Bill?

February 5, 2021

Why Would I Need Business Insurance If I Don’t Have a Storefront or Inventory?

February 4, 2021

“You Might Need Life Insurance If…”

February 3, 2021

Lending Someone Your Car? Here’s What You Should Know.

February 2, 2021

The Difference Between Renters, Homeowners and Condo Owners’ Insurance Policies

February 1, 2021

Futuristic Movies with Dates in the Past

January 29, 2021

Why Your LLC Needs Business Insurance

January 28, 2021

6 Simple Ways to Save on Life Insurance

January 27, 2021

Why You Should Consider Uninsured Motorists Coverage

January 26, 2021

Tree Houses and Homeowners’ Insurance

January 25, 2021

Business Insurance for Start-ups

January 21, 2021

Life Insurance Is Not About You

January 20, 2021

Big Boy Toys and Auto Insurance

January 19, 2021

Six Common Homeowners Insurance Mistakes

January 18, 2021

Five Recent Fads That Came and Went Quickly

January 15, 2021

Four Needs Life Insurance Can Help Fulfill

January 13, 2021

Car Insurance FAQ’s

January 12, 2021

Five Quick & Easy Ways to Save on Homeowners Insurance

January 11, 2021

America’s Most Popular New Year’s Resolutions

January 8, 2021

Business Insurance for Professionals

January 7, 2021

Term Insurance: Big Protection at Affordable Rates

January 6, 2021

Seven Steps to Become a Better Driver Tomorrow

January 5, 2021

Are You Required to Carry Homeowners’ Insurance?

January 4, 2021

You’ve Never Been Where???

January 1, 2021

What is BOP and What Does It Include?

December 31, 2020

Funerals, Life Insurance and Flowers

December 30, 2020

How Some Famous Movie Cars Would Be Insured in Real Life

December 29, 2020

Homeowners’ Insurance and “The Tree”

December 28, 2020

Questions to Ask Your Grandparents this Holiday Season

December 25, 2020

Positioning Yourself as an Expert in Your Business

December 24, 2020

The Difference Between Burial Insurance and Life Insurance

December 23, 2020

Used Car Buying Tips

December 22, 2020

Buying a Home Only Based on Homeowners’ Insurance Rates

December 21, 2020

Five Communities That Always Have the Christmas Spirit

December 18, 2020

How 2020 Will Affect How We Conduct Business for Years to Come

December 17, 2020

Why a Million Dollar Life Insurance Policy May Not Be Enough

December 16, 2020

Reasons Cars Are So Much Better Now Than Fifty Years Ago

December 15, 2020

How Some TV Homes Should be Insured in the Real World

December 14, 2020

7 Childhood Games to Ask Your Parents (or Grandparents) About

December 11, 2020

Five Best Movies for Sales Representatives to Watch

December 10, 2020

Creating a Life Insurance Inventory

December 9, 2020

Your Car: When Was the Last Time You…

December 8, 2020

Facts About Renting You May Find Interesting

December 7, 2020

Contact Us

-CONTACT US

OUR LOCATION

Have A Question?

We have an answer. Call us at 1-925-349-5203
MIS LOGO-small-1

Like Us On Facebook!

1070 Concord Ave. Suite 280 Concord, CA 94520

1-925-349-5203
CA License #0K63205

© Copyright 2021 Monumental Insurance Services, LLC  |   All Rights Reserved
Site by ICA Agency Alliance

1070 Concord Ave. Suite 280 Concord, CA 94520
1-925-349-5203
CA License #0K63205

© Copyright 2021 Monumental Insurance Services, LLC  |   All Rights Reserved
Site by ICA Agency Alliance