If you own an antique or classic ATV, you may wonder if there is a special insurance policy. The answer is yes – a specific policy is designed just for antique and classic ATVs. The Safechoice Insurance Agency offers a policy specifically for antique and classic ATVs in Rochester, MN. This policy is designed to provide coverage for these vehicles in case of an accident, theft, or damage. Here’s what you need to know about it.

What Is an Antique or Classic ATV?

An antique or classic ATV is defined as an ATV at least 25 years old. These types of ATVs are typically used for recreation rather than transportation. They may be used for off-road activities such as hunting, camping, or trail riding.

What Kind of Insurance Policy Covers an Antique or Classic ATV?

A standard ATV insurance policy will not cover an antique or classic ATV. However, some insurers offer special policies for these types of vehicles. The coverage on these policies is often limited, so it’s important to check with your insurer to see what is covered. There are two types of antique or classic ATV policies:

• Agreed value: This type of policy covers the vehicle for its agreed-upon value. This is the amount you and the insurer agree the car is worth. In the event of a total loss, this is the amount you would receive from the insurer.
• Stated value: This type of policy covers the vehicle for its stated value. This is the amount that you tell the insurer the car is worth. In the event of a total loss, this is the amount you would receive from the insurer.

Conclusion

If you have an antique or classic ATV, it’s important to check with your insurer to see if they offer a special policy for this type of vehicle. Safechoice Insurance Agency offers both agreed value and stated value policies for antique and classic ATVs. Contact our offices in Rochester, MN, today for more information.