Summertime means good weather and a desire to explore the great outdoors. Some of your clients may take advantage of summer by doing activities like sailing on a boat, jet skiing or riding a dirt bike.
But accidents can happen at any time, and it is important that your client purchases insurance for a recreational vehicle.
Here are some insurance policies to keep in mind:
1. “Agreed value” and “actual cash value” are two basic policies for boat coverage
2. Most state laws require liability insurance for ATVs and dirt bikes
3. Policies that cover medical costs, theft and damage are also available for boats, ATVs and dirt bikes
Having the right coverage is always nice to fall back on in case emergency strikes or damage affects your client’s recreational vehicle. Read the full post for more information.
Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blogand CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investors.