Why You Should Have Motorsports Insurance

No matter what the time of year, there is always fun to be had in motorsports. ATVs, UTVs, dirt bikes, snowmobiles, golf carts, and more provide opportunities to enjoy the outdoors and explore new places that may otherwise go unseen if not for a motorsports vehicle.

Despite what many people think, recreational vehicles are not covered by homeowners or auto insurance policies. Before jumping behind the wheel (or handlebars) of your chosen motorsports vehicle, it's important to ensure you have adequate motorsports insurance to protect your investment, you, your passengers, those you pass on your journeys, and the properties on which you travel.

Types of Coverage

There are different types of motorsports insurance policies that provide varying coverage based on your specific needs. Rumbaugh Insurance in Hanover, PA, can work with you to determine what policy is best for your motorsports vehicle and the activities you do in it. 

Coverages available include:

• Collision

• Property Damage

• Bodily injury liability

• Comprehensive physical damage

• Defense costs

Collision coverage can save you thousands of dollars paying for damages incurred to your motorsports vehicle when it is involved in an accident with another vehicle or object, regardless of who is at fault. It is most beneficial when you are at fault in an accident, are in an accident where the at-fault party is uninsured, or you collide with an object, like a telephone pole, that does not have insurance to cover the cost of your motorsport vehicle's damage.

Property damage liability coverage is important for motorsports vehicles because most motorsports vehicles are driven on someone else's property, not yours. You could be held liable for any damage done to that property by your motorsports vehicle, and the cost of property damage can add up quickly.

Bodily injury liability coverage provides financial protection to you should your actions in a motorsports vehicle result in the injury or death of someone. Considering ATVs alone, the U.S. Consumer Product Safety Commission (CPSC) estimates that in 2020, 112,300 injuries were treated in U.S. hospitals. Between 2016 and 2018, the CPSC reported over 1,600 deaths from ATV incidents. 

Comprehensive physical damage coverage is beneficial when an incident, other than a collision, damages a motorsports vehicle. Fire, theft, and vandalism can result in thousands of dollars of damage or a complete loss of a vehicle. In such a situation, you'll thank yourself for having appropriate motorsports insurance.  

Defense costs coverage provides financial assistance in the case of a third party filing a lawsuit as a result of an incident involving your motorsports vehicle. Having defense costs coverage as part of your motorsports insurance could save you thousands of dollars in legal fees that would threaten your entire livelihood if you had to pay out of pocket.

Accidents happen no matter how experienced, cautious, and well-trained a motorsports vehicle operator you are. When they do, you must have appropriate motorsports insurance to ensure protection for your vehicle, yourself, and your family's livelihood, passengers, property, and bystanders.

Contact us to learn more about motorsports insurance and what is necessary for your motorsports activities in Hanover, PA. Our agents will walk you through your various options so you can get out in your motorsports vehicle, enjoy the sights, have fun, and rest assured that you and others are properly protected.