In a recent phone call, we were asked if a new ATV would be insured under the owner’s homeowners policy if if it was in their garage at the time of loss (i.e. stolen, fire, etc.). It is a great question, and an important one! In general, any motorized vehicle larger than a riding lawn mower (such as classic cars, ATVs, boats, snowmobiles, etc.) would not automatically be covered on a homeowners policy and would generally require its own policy. (While this is a good rule of thumb, it also includes some smaller vehicles, such as motorcycles.) Most often these policies are less expensive than other policies (such as car insurance) and can provide liability coverage, as well as property coverage for the item. Please let us know if you have any questions on what is or is not covered on homeowners insurance!
John & Danny Yardley