It’s common knowledge that if you own a car, you need to have car insurance. That’s the law. It’s also a smart thing to do! You might think you’re a safe driver who will never get into an accident, but that doesn’t mean that you’re safe to just drive your car around uninsured. What if someone else runs into you? What if you have a medical emergency that causes you to hit someone?
However, there are more types of vehicle insurance beyond just car insurance. The logic of “if it’s expensive and moves quickly, you should insure it” extends out to other vehicles. Did you know that you can get boat insurance or ATV insurance? In some places, it’s even the law.
Boat insurance is an important thing to have before you put a new boat out on the water. There are numerous complications that can arise with a boat if you get into a boating accident. Consider that if you crash your boat into something, unlike a car, it’s likely to begin sinking. That’s a much quicker way to see a vehicle destroyed than clipping another car in heavy traffic.
Boat insurance rates vary widely depending on the kind of boat you want to insure, how long you keep it docked on the water, and your experience with boats. If you’ve got a small fishing vessel that you’ll only have in the water one month out of the year, your insurance likely won’t cost much at all. If you’re trying to insure a yacht that will spend all year docked at an ocean port, you should expect to pay considerably more.
If you’re a fan of off-roading and recreational motor activities, you might have an ATV or two. In some areas, you might be legally required to insure even these off-road vehicles. Make sure you read up on the laws and regulations in your area. You’ll also want to know if ATVs can be driven on roads in your area legally, and if doing so requires a driver’s license or a certain type of insurance.
Because ATVs are fast-moving ground vehicles, you can expect insurance for them to be similar to insurance for cars. If you’re an experienced user and you never have to make any claims on the vehicles, your insurance will be much lower. However, if you’re consistently crashing them out in the woods, expect to pay more.