I called my insurance. they said our home owner insurance does not cover my buggy. Have you double checked with your insurance to make sure?As @jeeptj99 mentioned, I got a quote for stated value, full coverage on our juggy at $20,000. Based on talking with her, the coverage would include theft, fire, collision/comprehensive, and liability. These would all apply under any scenario as long as the vehicle was not being used in competition.
She sent me quotes for $250,000/$500,000 for bodily injury, and another quote for $100,000/$300,000 for bodily injury. Both quotes had a deductible of $500.00, and both quote included three additional options (Elite, Plus, Saver) for the insurance coverage. So in total, I got two quotes, but 6 options to chose from.
We opted to not add the insurance since the juggy will be sitting in the garage (and covered under Home Owners) quite a bit more with the new addition here in late April. However, I'll reach back out to her when we start going again for updated info.
I talked with and sent pictures to the Insurance Agent. Was told that as long as it was stored in the garage then it would be covered under my existing Home Owners policy. If it was stored in the carport or any "open air structure" then it would not be covered due to the added risk of storage in an "open air structure."I called my insurance. they said our home owner insurance does not cover my buggy. Have you double checked with your insurance to make sure?
I have been told a resent story by my agent when something happened to a guys shop and messed up a classic car. He assumed it was covered under home owners insurance and it wasn't. He told me that is why their is home owners insurance and then car insurance. Different types of insurance for different types of risk.I called my insurance. they said our home owner insurance does not cover my buggy. Have you double checked with your insurance to make sure?
I have been told a resent story by my agent when something happened to a guys shop and messed up a classic car. He assumed it was covered under home owners insurance and it wasn't. He told me that is why their is home owners insurance and then car insurance. Different types of insurance for different types of risk.
My understanding is the same. Home insurance doesn't cover motor vehicles.
Yeah i found out the hard way on a Kawasaki mule that in my mind was a yard tool or property equipment in the same way a lawn mower would be viewed....no, i was told if it has to do with a 12volt system its not covered.
Even "parts" for a vehicle arent covered. In our sport/hobby that can be a very expensive issue when building rigs with thousands of dollars in parts laying around.
Thankfully i had insurance on the 85 k10 that roasted but i also argued that it was in storage on jack stands for the winter, which almost classified it as contents of the building, but once again the 12volt clause voids that.
In a nutshell, if something has tires and a 12 volt battery you better check and aee if its covered, most likely it isnt.
My insurance guy never would give me an answer if my yanmar tractor was covered since it is a "yard/garden tool" type of thing....theres no option for a regular homeowner to insure a small tractor like that through farm bureau that ive seen.
Luckily it was in another building that didnt burn.
And another issue with these slick ass insurance agents...
The will say its covered, but when the adjuster comes out, who is the guy that authorizes checks to be cut, and tells you otherwise....the agent/salesman has nothing to do with it.
Then if it is covered ive heard some bad stories on how to actually get your money back. Proof of purchase, date, estimated value etc...all hand written for every single piece. The adjuster can make you jump some major hoops if they want to. I was lucky and had an awesome guy to deal with. It was a wake up call, id hate to go through losing a house. Theres almost no way to ever recoup what you had. I still catch myself looking for stuff i had before but didnt get back from the whole fire ordeal.
Another gray area is lawnmowers.... pretty sure if you have a fancy commercial mower, you arent a business, just basic homeowner, its probably not covered.
If an agent tells you its covered, get it in writing along with pics and vin/serial # attached to back it up! I guarantee you they will be uncomfortable doing so.
*ridered you do understand what that agent is telling you is to basically lie on the paperwork and make up value to cover the juggy...
Thats a lot of b.s. to make up, trust me i know lol
The other hoop some cheap insurance companies use is the ol trick of making you buy all your stuff back that you lost, THEN, they reimburse you.
That to me is huge. Make sure you ask how the process works in the event you have a loss.
Next thing that happens when you increase insurance coverage, your lovely county tax assessor uses this info from insurance companies to judge what your property is worth. I upped mine after the fire and now i also pay more on property taxes