‘Tis the season for purchasing new toys like boats, golf carts, ATVs, and jet skis! Typically, you’ll need a specific insurance policy to cover these items. Depending on your insurance provider, you may obtain liability or full coverage through your home policy.

If your boat has an outboard motor of 50 horsepower or less, you might have liability coverage under your homeowners policy. However, there’s no automatic coverage for ATVs, golf carts, jet skis, or snowmobiles. It’s crucial to verify whether your homeowners policy includes automatic coverage for these vehicles.

Even if liability insurance isn’t mandatory for a particular recreational vehicle, it’s highly advisable to get such coverage. Minnesota sees a high number of recreational vehicle users, increasing the potential risk for accidents.

For high-value recreational vehicles, it’s recommended to opt for full coverage. This includes coverage for repair or replacement costs in case of damage. Collision coverage pays for accident-related damage regardless of fault, while comprehensive coverage covers non-collision incidents like theft, vandalism, fire, weather, or animal damage. Remember to protect your assets this summer!