“Most people have coverage on their homes and automobiles. When you own a high-value home or specialty vehicles such as an ATV, though, you may want to explore additional policies to make sure you’re fully covered.
An ATV or snowmobile can provide hours of fun. You want to make sure you are protected in case something happens to it, though. An insurance policy for individual owners can protect you against the expense caused by several perils:
Having specific coverage for these vehicles lets you enjoy them without fear of how much it will cost if they get damaged or someone gets hurt while using them.
If you have a high-risk feature at your home, experts at Daniels recommend an umbrella policy that extends beyond the liability coverage your auto or homeowner’s insurance covers. For example, a swimming pool in your backyard opens you up to additional risks. If your main policy doesn’t fully cover damages, you may need a backup. An umbrella policy is designed to protect you in case of an unusually expensive accident.
Items of higher value often come with higher risks. It’s important to take the steps needed to make sure you are as protected as you need to be.