Off-road vehicles can be a lot of fun to use, but they can also be risky. Despite that, the state of Michigan doesn’t require you to get insurance if you’re going to use an ORV off-road only. However, if you’re making payments on that ORV, what the state allows may not matter. Lenders tend to require that you get an insurance policy to cover the ORV while you still owe them money. U.P. Insurance Agency Inc. in Negaunee, MI, wants you to learn about recreational insurance requirements before you buy that ORV.
Off-Road vs. On-Road
If you plan to use the ORV on a public road, you will need insurance. Off-road use only, however, is a different matter, unless you’re still making payments on a financed vehicle.
It shouldn’t be surprising that your lender would want you to get insurance even if you were just going to ride the ORV on a private path somewhere. Repairs to vehicles, including smaller ones like ORVs, can be expensive.
But even if you aren’t making payments and already own the ORV outright, getting insurance is a good idea. Accidents can happen before you know it, and the last thing you need is to end up in a dispute with a property owner or other ORV user over damage with no way to cover the costs.
U.P. Insurance Agency Inc. in Negaunee, MI, can help you find recreational insurance that fits your budget and your lender’s requirements. Even a minimal amount of coverage for liability, collision, and comprehensive damage can protect your money and make using that ORV a lot more fun.
