Insurance For Recreational Vehicles

Any recreational vehicle can be a fantastic investment for adventure enthusiasts. Like cars, these are valuable investments that can inadvertently cause damage to others. But you can protect your investment with ATV insurance. The first thing to consider is which types of insurance are best suited to meet your needs. If you are considering investing in recreational vehicles in Bourbonnais, IL, let the knowledgeable team at George Ryan Jr. Insurance Group Inc. provide you with a quote for insurance.

Common Types of ATV Insurance You May Need

Multiple types of ATV insurance can help mitigate your financial risks. The prime one is liability insurance, which shields you against claims made by others, such as accidents for which you’re responsible. Liability insurance may include both bodily injury liability – providing protection from injuries you cause to other people, and property damage liability – which protects you from claims that you’ve damaged someone else’s property. Comprehensive and collision insurance are usually beneficial, especially if you still owe a loan on your ATV. In fact, your lender may require this type of insurance. It is also handy when your ATV is valuable and would be expensive to replace. Comprehensive insurance minimizes financial loss related to theft, weather-related damage, or other unavoidable mishaps.

Meanwhile, collision insurance helps cover repair costs if you’re at fault in an accident, like colliding with a tree. There may be other types of ATV insurance that are applicable to your needs. These include medical payments coverage – which can help meet some of your medical expenses in the event you cause an accident, GAP coverage – which caters for the difference between your ATV’s loan and current value, and uninsured/underinsured insurance – designed to protect you against financial risks from accidents caused by other drivers. Contact George Ryan Jr. Insurance Group Inc to learn more about recreational insurance in Bourbonnais, IL.