There’s nothing like recreational downtime, a chance to get away and do things you like. However, this kind of fun can require a significant investment in equipment. Whether you’re headed for the water, the golf course, the back roads or even the sky, you may own expensive recreational items — such as boats or off-road vehicles — to enhance your good times. These items carry a certain financial risk and require appropriate insurance to protect against physical damage, theft or loss.
Many people make the mistake of assuming their either their homeowner’s or auto policy will also cover their recreational vehicles. But most such policies are composed of standard insurance coverage forms that don’t stretch very far when it comes to big-ticket playthings.
If you own a boat, for example, a standard homeowner’s policy will only provide a small amount of coverage for loss or damage to the vessel, related equipment, motors and trailers — not much to keep you afloat. If you’re a golfer, your equipment might be covered, but there would be little or nothing for your golf cart. The same is true for snowmobiles, RVs, ATVs, dune buggies camper bodies and trailers and aircraft — very limited or no coverage.
Don’t let your fun be interrupted by worry! Your insurance provider can help you determine the limitations of your present policies as well as select the insurance products that will bridge the gap in coverage for any recreational vehicles you may own.