As the summer months come to a close, you’re likely enjoying your last few rides on your boat or motorcycle before storing them away for the winter. This is a time where you may think about canceling your insurance coverage since you won’t be using your toy again until the weather warms in the spring. However, this could cost you more than you think. Learn why your seasonal vehicles need year round coverage, even when they aren’t being used.
What is Seasonal Vehicles Insurance
Insurance premiums on seasonal vehicles, such as motorcycles, boats, RVs and all-terrain vehicles (ATVs), are adjusted for seasonal use. This means the premium you pay for insurance is based on the time frame you would normally use the vehicle; however your coverage is year-round. Cancelling your insurance in the off-season doesn’t necessarily mean you will save money.
Why Year Round Coverage is Important
Keeping your policy on your seasonal vehicle ensures you will have coverage from any unforeseen damages, such as theft, fire, or any weather related damages. For instance, if you remove your motorcycle coverage because it is stored in your garage all winter, and water damage causes the roof to collapse, you would be left paying for your bike with no help from your insurance.
Many people think their “toys” are covered under their homeowner’s policy, but this isn’t the case with most motorized vehicles. These types of vehicles require their own policies.
In addition, continuous insurance coverage with no lapse will ensure you get the best future rates possible. A constant record of coverage means you won’t need to prove prior insurance or have a record of claim status. By not canceling coverage, you won’t have to remember to get a new policy when the spring rolls around, or ride unprotected if an unseasonably nice day comes in late winter. Before making any changes or to learn more about your payment and policy details, check with your agent first.
For more information on insuring your seasonal vehicles or getting a free quote, just call us at 724-929-2300 today! We do the comparing for you to get you the right coverage at the best price! Our agents will even review your current policy to ensure you have the protection you need and nothing you don’t.