Not only do we have insurance on our ATV's but additional medical coverage on each one AND we have a $2 million umbrella policy to cover anything that the vehicle insurance won't cover.
Say someone borrows your machine, and they crash and are needing 24/7 care the rest of their life. If that persons family sues or their insurance company sues, you could run out of the insurance coverage on your vehicle easily, and then have to pay out of your own pocket. Since we have property and our own business we needed the umbrella policy.
As much as I think insurance is a scam, we consider our insurance agent a very valuable asset to our financial well being
