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64 Posts
I was wondering whether ya'll had insurance on your bikes. I have been thinking about getting it but don't know whether it is worth it. Anybody have story's or recommend it? Is it worth it?
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744 Posts
could be worth it if your bikes stay outside but mine are always in the garage on the trailer
in this sew happy world ,its a must.i only pay $135 a year for full coverage...
G
Guest
·who would want to steal that thing
your mother
Liability insurance is mandatory here if we use ATV's to cross public roads. I also have mine insured against fire and theft but not collision. ATV's are not covered under home policies if stolen from shed or garage.
My buddy has had 2 bikes replaced and 1 frame replaced under insurance from thefts and accident.
Check out the "uninsured driver clause". His underaged son was involved in an accident with a rider who had no liability insurance. His insurance replaced his bike because of this clause which costs about $10.00 a year to add to his policy. I think they then tried to recover the costs from the other rider so I guess he wished he had coverage.
My buddy has had 2 bikes replaced and 1 frame replaced under insurance from thefts and accident.
Check out the "uninsured driver clause". His underaged son was involved in an accident with a rider who had no liability insurance. His insurance replaced his bike because of this clause which costs about $10.00 a year to add to his policy. I think they then tried to recover the costs from the other rider so I guess he wished he had coverage.
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32 Posts
Your not really buying the insurance for only theft of the 4-wheeler. If you pull it on a trailor or in the back of your pickup, you have liablilty issues. For example, I pull mine on a 5X8 trailor. If for some reason the 4-wheeler comes off the trailor and causes the car behind me to wreck and kills a family of 4( God forbid) . You are liable, At this point Trust Me a lawyer would get involved for the family This is when your 4 wheeler liablilty insurance company would kick in. If you did not have insurance they could take everything you own. Not a good position to be in. Serious issue to think about. Good Luck!
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284 Posts
That's not exactly right.
In the event of an accident involving an automobile, i.e. to use Foreman500es's example you have an accident while towing, your auto policy would cover the trailer you are towing as well, and, therefore any liability for personal injuries sustained as a result of the accident. Your insurance policy - which is a contract - provides that you pay a premium for certain services in return - one of those services is the duty to defend you in a lawsuit, and also to provide benefits to injured parties as per the contract of insurance. As long as you haven't done anything grossly negligent, like DUI, your policy will cover you. As for damages to the ATV itself, you would have to read your policy to see if it would cover it. Also, I'll pretty much guarantee that your auto policy will not cover theft of the ATV while it's trailered.
In the event you injure yourself or someone else while driving the ATV itself, you are most likely not covered under your auto policy. It is *possible* that the damages would be covered under your homeowners policy, however. You would need to read your policy and/or ask your agent or insurance representative these questions specifically with regard to YOUr policy. In all likelihood, you would not be covered, and this is the sole reason you would want to purchase separate liability coverage for the ATV.
Factors to take into consideration:
In the event of an accident involving an automobile, i.e. to use Foreman500es's example you have an accident while towing, your auto policy would cover the trailer you are towing as well, and, therefore any liability for personal injuries sustained as a result of the accident. Your insurance policy - which is a contract - provides that you pay a premium for certain services in return - one of those services is the duty to defend you in a lawsuit, and also to provide benefits to injured parties as per the contract of insurance. As long as you haven't done anything grossly negligent, like DUI, your policy will cover you. As for damages to the ATV itself, you would have to read your policy to see if it would cover it. Also, I'll pretty much guarantee that your auto policy will not cover theft of the ATV while it's trailered.
In the event you injure yourself or someone else while driving the ATV itself, you are most likely not covered under your auto policy. It is *possible* that the damages would be covered under your homeowners policy, however. You would need to read your policy and/or ask your agent or insurance representative these questions specifically with regard to YOUr policy. In all likelihood, you would not be covered, and this is the sole reason you would want to purchase separate liability coverage for the ATV.
Factors to take into consideration:
- Your auto/homeowners policy: the first thing that is looked at for coverage. Is it covered? I don't know, read your policy.
Your state laws: the second thing that is looked at for coverage. All the little idiosyncrasies particular to each state's laws aren't going to make that much of a diference in the whole picture.
Judgment proof: you don't have the assets to be sued (which is why we all carry liability insurance by law). It means that when a lawyer takes a case, the very 1st thing he looks at is whether or not there is insurance coverage, even potentially. If the lawyer's claims are denied due to lack of coverage, he's dropping that case like a hot potato: if there's no insurance, who's going to pay the damages? Lawyers don't get paid if the plaintiff doesn't get paid, and trying to collect on a personal judgment like that - forget about it. Would you bet on a losing horse? No, and neither do attorneys. Mr. Joe Reckless ATV Driver who has a mortgage and a car payment and 2.4 kids and works for The Man five days a week? I don't think so. How is the plaintiff going to collect on the debt? Unless Mr. Reckless is a doctor or executive with tons of assets (which they will promptly hide anyway), there's no point in suing for individual assets. Lawyers may be scummy, but they're not that scummy. Besides, Mr. Reckless will have to hire an attorney to defend him, which is just that much less cash in the bank for assets.
(BTW, I'm a paralegal and do PI liability/litigation for a living so I'm not talking out of my a$$.)
Get a quote from Progressive Insurance. I have good coverage on my new 06 Foreman for a low rate.
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32 Posts
I spoke to my attorney and insurance company ( Farmers Insurance) and they both agreed that If the 4-wheeler came OFF the trailer and caused injury, my auto insurance would NOT cover any damages or injury. HondaWhore is correct about the trailor. If the trailor becomes disconnected from the vehicle and causes injury or damages, your auto liability will cover.
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284 Posts
QUOTE ("Foreman500es":2uli8exv)
lol, I work for Farmer's parent company... small world.I spoke to my attorney and insurance company ( Farmers Insurance) and they both agreed that If the 4-wheeler came OFF the trailer and caused injury, my auto insurance would NOT cover any damages or injury. HondaWhore is correct about the trailor. If the trailor becomes disconnected from the vehicle and causes injury or damages, your auto liability will cover.
that all sounds right to me.
i have ins. on both of my bikes and when my wife flipped hers over and cracked her forehead open, my atv ins. covered all the bills at the hospital.
now i am in a situation where i used my atv to go and recover my dad's in the woods and tow it back home, during me towing it home it stopped running and i lost all compression to the engine. i haven't had a chance to look at it yet but i was trying to find out if my atv would pay for repairs.
most people i talk to say that they won't, but the guy i bought it from at the dealer said that if i drive off into a lake and sink that sucker ins. would cover it.
i am just confused, i need to find my policy and read it for sure.
i have ins. on both of my bikes and when my wife flipped hers over and cracked her forehead open, my atv ins. covered all the bills at the hospital.
now i am in a situation where i used my atv to go and recover my dad's in the woods and tow it back home, during me towing it home it stopped running and i lost all compression to the engine. i haven't had a chance to look at it yet but i was trying to find out if my atv would pay for repairs.
most people i talk to say that they won't, but the guy i bought it from at the dealer said that if i drive off into a lake and sink that sucker ins. would cover it.
i am just confused, i need to find my policy and read it for sure.
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64 Posts
Thank you for all the replies I think I am really going to look into it.
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