Keep Your Clients’ ATVs Covered
By Arielle Ridder, Account Manager – Personal Lines
Off-road vehicles are more popular than ever. More than 1.2 million people in the United States own all-terrain vehicles. Owners use ATVs for off-road activities like hunting and fishing, traveling on their property or servicing a farm.
The major, best‐known ATV manufacturers include Can‐Am, Honda, Polaris and Yamaha. These four brands offer a range of models and price points. They also offer both youth and adult models.
Top 10 ATV Models of 2020
- Yamaha Raptor 700R
- Yamaha YFZ450R
- Polaris Sportsman
- Honda TRX250X
- Can‐Am Outlander
- Polaris Scrambler XP 1000S
- Honda Rancher
- Kawasaki Brute
- Can‐Am Outlander X MR 850
- Polaris Scrambler 850
One of the ATV carriers we frequently use is Progressive. They are introducing a process called Free Look Verification (FLV) in Colorado, Florida, Idaho, Michigan, Minnesota, Oklahoma, Pennsylvania, South Carolina, Texas, Utah, Virginia, Wisconsin and Wyoming.
Understanding FLV
FLV will identify potentially high‐risk off-road vehicles after coverage is bound. Affected customers will then receive a memo notifying them that Progressive requires photos of their off-road vehicle and related paperwork for policy verification.
This memo will include a due date for the customer to upload their photos. The photo upload process is simple. Customers log in through the Progressive app and then are guided through a step‐by‐step process to send the required photos to the underwriting and verification team. Customers who are unable to complete the process using the Progressive app can call Progressive directly for alternative options.
If the customer responds after the due date on the initial notice, Progressive will issue a policy cancellation notice. If the customer calls the underwriting and verification team and uploads their photos before the cancel effective date, the policy will remain in force.
Progressive anticipates this process will affect a small number of ATV and motorcycle policies overall.
Recreational Use and Off-Premises Coverage
Progressive and our other carriers provide liability coverage for virtually any ATV personal purpose or location, including on‐road use. The typical homeowner’s policy may only provide coverage for an owned off-road vehicle when it is used to service the insured’s property. If the insured uses the owned off-road vehicle for recreational riding or if they take it away from their residence to go camping, hunting or trail riding, their homeowner’s policy may not provide coverage.
Our carriers can also offer additional specialized coverages:
- Accessory Coverage
- Carried Contents
- Enhanced Injury Protection
- OEM Parts Guarantee
- Rental Vehicle Coverage
- Transport Trailer Coverage
- Roadside Assistance
- Safety Riding Apparel Coverage
- Total Loss Coverage (TLC)
- Trip Interruption
- On-road coverage for off-road vehicles
Carried contents: This refers to the Insured’s owned personal property (such as hunting or camping gear) that’s stolen from an insured vehicle or damaged during an accident.
Enhanced injury protection: This covers a portion of income loss due to death resulting from a covered accident.
Safety riding apparel coverage: In the event of a covered loss, protection is included for helmets, eye wear, gloves, jackets, leathers and boots. Additional coverage up to $3,000 can be purchased when at least one vehicle has comprehensive/collision.
Trip Interruption: This pays up to a certain limit for lodging, alternative transportation and food while the ATV is being repaired due to a mechanical breakdown or covered loss more than 100 miles from home.
Submit your ATV risks to us today for a quote.
WRC Agency is happy to answer any questions regarding off-road vehicles or any of your client’s other recreational vehicles. Contact us today.