Sled Insurance

[polarisrider1]

Learned a lot today about Insurance. I figured out that having my sled Insured thru my house as a "rider" is way cheaper than on it's own. Since I am currently homeless, my home owners Insurance is no longer valid and I had to buy a stand alone policy. .......Big difference. So Homeless are discriminated against. I see how this works.

 

[frosty]

Who did you have for your home owners? My home owners won't even cover the sled if I had a fire at my house in my garage where the sleds are stored, unless they have their own insurance!!!! Man if I could put my sled on as a rider, I'm switching to that insurance company!!! Mine current insurance company is American Family. Been a good company to deal with, but the last couple years, all the insurances have gone up 10-15%, might be time to pull the plug........

 

[mjkaliszak]

Mine are an extension of my auto policy. A multi-vehicle policy. Never heard of ins thru the homeowners ?
Some of my neighbors have these so called umbrella policy's for a certian amount but they also have a mid sized business with a fleet of vehicles they insure also.

Tell us more about the home/rider thing ? My ins. is pretty cheap for the sleds, they go from collision to comp and only have full coverage while in season.

 

[misty_pines]

I have never heard of a snowmobile being covered under a homeowners policy as a "rider". From what I know, most insurance companies will give you a discount on your snowmobile policy (and your autos, etc.) if you have a homeowners policy with them.

The umbrella coverages typically apply to liability coverage which is not for damage or loss to the car, sled, etc., but rather any liability situation that results from use of the covered item, such as if you get in an accident an injure someone.

 

[cuzzinolaf]

It is a snowmobile policy that "rides" on your homeowners or renters policy. You still have to pay the $250 or so to have it added. Basically you can't do this unless you have a home owners or renters policy.

 

[jr37]

My sled insurance is part of my homeowners policy, been that way for as long as I can remember.

 

[polarisrider1]

It is a snowmobile policy that "rides" on your homeowners or renters policy. You still have to pay the $250 or so to have it added. Basically you can't do this unless you have a home owners or renters policy.

Thank you Olaf, I have Auto Owners/Home owners for Insurance. Getting a quote from All State and will see how that comes in. Over 50 discount, non smoker,pleasure use only, adult driver discount, accident free discount, low crime theft area etc. Etc. All add up. Everyone talks insurance rates but not how the rate is figured. I will pay for value over savings every time. I deal with Insurance a bit with shower leakers that others have installed and the "Deal" Insurance fights to not pay.

 

[polarisrider1]

I have never heard of a snowmobile being covered under a homeowners policy as a "rider". From what I know, most insurance companies will give you a discount on your snowmobile policy (and your autos, etc.) if you have a homeowners policy with them.

The umbrella coverages typically apply to liability coverage which is not for damage or loss to the car, sled, etc., but rather any liability situation that results from use of the covered item, such as if you get in an accident an injure someone.

It maybe just a Michigan thing with Insurance not sure. I had to put my Tender and motor on a Rider to make it seperate from the larger boat since it has its own registration. Meaning 2 boats connected yet seperate for insurance claims individually.

 

[lazer103]

i have never heard of a rider to cover a sled on a home policy. if that is true i would make sure the coverage is the same or better than a stand alone sled policy. the rider must be bare bones coverage that is why it is so cheap. i am sure the stand alone policy has much better coverage. cheap is not always better

 

[polarisrider1]

i have never heard of a rider to cover a sled on a home policy. if that is true i would make sure the coverage is the same or better than a stand alone sled policy. the rider must be bare bones coverage that is why it is so cheap. i am sure the stand alone policy has much better coverage. cheap is not always better

True, one would think. But for a guy who has never carried insurance on a sled until I started Mtn. Riding, It is better than nothng. It covers comp and collision but lacks on liability.

 

[polarisrider1]

i have never heard of a rider to cover a sled on a home policy. if that is true i would make sure the coverage is the same or better than a stand alone sled policy. the rider must be bare bones coverage that is why it is so cheap. i am sure the stand alone policy has much better coverage. cheap is not always better

True, one would think. But for a guy who has never carried insurance on a sled until I started Mtn. Riding, It is better than nothng. It covers comp and collision but lacks on liability.

 

[Rupp Collector]

i have never heard of a rider to cover a sled on a home policy. if that is true i would make sure the coverage is the same or better than a stand alone sled policy. the rider must be bare bones coverage that is why it is so cheap. i am sure the stand alone policy has much better coverage. cheap is not always better

Several different ways to insure your sled. Stand alone, add it to your home or add it to your auto policy. For me, I have all ours on with the vehicle insurance. The coverage dates work good December to June and I usually add collision in December and take it off when the Winter is over. My liability is Rec Vehicle Liability and it covers the sleds and the quads. As for the term "umbrella" I've never seen such a thing that covers the toys. Umbrella is really nothing more than an excess policy that covers you for liability claims in excess of your current policy limits for either home, auto, boat or rec vehicles.

 

[mezz]

I have mentioned in previous threads regarding this endorsement to a homeowners policy. I will reiterate, some companies do, some companies don't. This endorsement is every bit as good as a stand alone policy & it lacks nothing by way of coverage. Liability only or with Physical Damage coverage. Rates are often reduced for endorsements like this under the home policy. An example with one of my carriers regarding the liability charge for sport vehicles. With a sled, atv, sxs etc.. it is 1 single charge for any or all units, again, not all companies write this coverage this way.
One disadvantage of having these endorsed to the home policy is that if you have a claim on a sled or atv etc.., the claim count goes against the home policy which could affect the loss free discounts if the home policy provides this discount. Find the coverage that is right for the right price, irregardless of a stand alone policy or an enorsement to an existing policy. As far as the Umbrella policy is concerned, this policy is exactly as it sounds, it covers your liability "over & above" the liability coverage provided by your Home, Auto, Watercraft, ATV policies. This type of coverage does not cover the item itself, it provides additional Liability protection to policies that are already in force.-Mezz

 

[Rupp Collector]

I have mentioned in previous threads regarding this endorsement to a homeowners policy. I will reiterate, some companies do, some companies don't. This endorsement is every bit as good as a stand alone policy & it lacks nothing by way of coverage. Liability only or with Physical Damage coverage. Rates are often reduced for endorsements like this under the home policy. An example with one of my carriers regarding the liability charge for sport vehicles. With a sled, atv, sxs etc.. it is 1 single charge for any or all units, again, not all companies write this coverage this way.
One disadvantage of having these endorsed to the home policy is that if you have a claim on a sled or atv etc.., the claim count goes against the home policy which could affect the loss free discounts if the home policy provides this discount. Find the coverage that is right for the right price, irregardless of a stand alone policy or an enorsement to an existing policy. As far as the Umbrella policy is concerned, this policy is exactly as it sounds, it covers your liability "over & above" the liability coverage provided by your Home, Auto, Watercraft, ATV policies. This type of coverage does not cover the item itself, it provides additional Liability protection to policies that are already in force.-Mezz

Mezz,

The company I use for myself and most all my customers with toys does not count the inland marine loss against you. I'm sure they watch it and if it gets out of hand you'll here about it but a sled claim on a auto policy doesn't jeopardize the loss free discount or the "premier" rates of the vehicles even if at fault. Good ol A.O.

 

[indy_500]

My sled insurance is part of my homeowners policy, been that way for as long as I can remember.

x2

 

[misty_pines]

I have a question for the folks that have indicated that they have their snowmoblie insurance attached to their homeowners policies; is your sled specifically "scheduled" or listed on your homeowners policy with all the specifics on the sled? Can you get different deductibles and liability limits from what your homeowners policy states/covers? My agent never mentioned a rider to cover my sled or ATV attached to my homeowners policy as an option, but I live in MN so sled insurace may be different here.

 

[mjkaliszak]

PR1... Mayhem is coming ! If you have cut-rate insurance watch below.

<iframe width="560" height="315" src="http://www.youtube.com/embed/78fJFbO81DY" frameborder="0" allowfullscreen></iframe>

 

[mezz]

I have a question for the folks that have indicated that they have their snowmoblie insurance attached to their homeowners policies; is your sled specifically "scheduled" or listed on your homeowners policy with all the specifics on the sled? Can you get different deductibles and liability limits from what your homeowners policy states/covers? My agent never mentioned a rider to cover my sled or ATV attached to my homeowners policy as an option, but I live in MN so sled insurace may be different here.

It is specifically scheduled via yr, make, mod, ser#, value. You have a choice of deductible which is seperate from the home deductible. The Liability limit will be the same as what is carried under the home policy. This of course may vary by company &/or state, but generally that is how they are written. Check the rate vs. how it is written now & compare.-Mezz

 

[polarisrider1]

I love mayhem, and what mezz sezz. I have Auto owners/home owners on sled, car up north place and travel trailer. Progressive on bikes and other such toys. All state could not beat motorcycle insurance and was about even with the other stuff.

 

[garyl62]

mezz, sent you a PM with a couple questions when you get a chance to check it let me know.