Customer ServiceAbout Us   •   Contact Us   
Our Library

Home Insurance

• The 17 Perils
• Actual Cash Value vs. Replacement Cost
• Understanding Deductibles
• Documentation of Valuables
• Expanding Coverage
• Floaters for the Finer Things
• Flood Insurance
• Insuring a Home
• Liability Coverage
• The Basics of Homeowners Insurance
• Cover Yourself with an Umbrella Liability Policy
• Insuring a Condominium
• Special Circumstances: Property Under Construction and Rental Property
• Renters Insurance
Auto Insurance

• On the Move: Insurance Protection for Your Automobile and Other Vehicles
• Auto Insurance Basics: Liability, Collision, Comprehensive
• Additional and Optional Coverages
• Who's At Fault?
• Premiums and Discounts: Factors that Affect Your Rate
• What To Do After an Accident
• Getting Your Car Back
• Using Your Personal Car for Business
• Risky Drivers
• Adding a Teen or College-bound Driver
• Motorcycle Insurance
• Watch the Hull: Insurance for Boats and Other Watercraft
• Specialty Policies Insure Fun
• Aviation Insurance
Risk Management

• Term Life Insurance
• Whole Life Insurance
• Universal Life Insurance
• Variable Life Insurance
• Auto Insurance
• Insurance Claims
• Maximizing Insurance Benefits
• Protecting Your Home
• Assessing Disability Insurance
• Types of Health Care
• Additional Liability Coverage
• HMOs and PPOs
• Evaluating Insurance Companies
• Long-Term-Care Costs
• Medicare Coverage

Specialty Policies Insure Fun

An accident is probably the last thing on your mind when you are operating an all-terrain vehicle, motorhome, snowmobile, golf cart or other specialty recreation vehicles. After all, these kinds of grown-up toys were designed for fun. But they also present a certain level of risk that you may want to protect against with insurance.

For the most part, the coverages available for recreational vehicles mirror a basic auto insurance policy. The main difference is that not every insurance company will write these kinds of policies.

Typically you may purchase liability coverage to protect you from claims against you arising from an accident in which you were at fault and caused property damage and/or injury or death to others. Comprehensive insurance can pay for repairs if thieves take your snowmobile for a joyride, or if a tree falls on your motorhome. Collision insurance can pay for repairs if you crash the golf cart you keep at your vacation home. Medical expense coverage can provide limited protection for you and your passengers. Uninsured motorist coverage can protect you and your vehicle if you are injured by another party that can't take financial responsibility.

Your homeowner's policy may provide a small benefit if the vehicle is damaged while it is stored at your house. You may also have some liability protection in your homeowner's policy to cover any expenses arising from negligence on your part. But chances are good that these coverage amounts won't be nearly enough if you are involved in a serious accident that causes property damage, injury, or death. If you are found liable for an accident and you don't have enough insurance, you'll have to make up the difference. If you can't pay in cash, an injured party can go after your home, retirement savings, or other assets to collect a judgement against you.

The right insurance policy can go a long way toward protecting you and your family if you are pursuing happiness in a recreational vehicle.

© 2003 Emerald Publications

Good Site? Vote at:
Copyright © Peace Insurance Agency, 2004-2014