Mobility scooter insurance is becoming increasingly important as mobility scooters are being used more and more. The infirm and the elderly are taking advantage of the freedom that mobility scooters offer since they allow these people to go around town without straining their bodies. At the same time, theft is on the rise, and there is always the possibility of an accident. If you want to ensure your financial safety when using a scooter, then you need to know about mobility scooter insurance.
Two Types of Mobility Scooter Insurance
Just like with most insurance types, there are two types of scooter insurances. The first type covers damage to your scooter. This insurance will repair any broken parts, or it will replace the scooter if something happens. Most of these policies will also pay for a new scooter if yours is stolen.
The second type of insurance isn’t quite as common, but it’s still important. This insurance covers any claims made against you if you injure someone or damage property with your scooter. The fact is that these claims are quite rare, but they can be very expensive if they occur. Having this policy will protect you against large claims.
Homeowners Insurance
Do you have homeowners insurance? If you do, then you may not even need mobility scooter insurance. Homeowners insurance often covers many different areas, and most people don’t even know the full extent of their coverage. If you are in an area where mobility scooters are common, then this policy may have been tacked onto your homeowners policy.
Ask an insurance representative, or look through your policy to see if you are covered. This is somewhat uncommon, but it’s not entirely unheard of. There’s no reason to pay for additional insurance if you are already covered.
New Scooter
If you are covered and you recently bought a new scooter (perhaps as an upgrade, or because you just didn’t like the older one), then the new scooter may not be covered. Most mobility scooter insurance policies are made on the specific scooter that you own.
If you do buy a new scooter and you already have insurance, then be sure to change the policy so that it covers the new scooter. This might change your premiums, but it’s the best way to be covered.
Lowered Your Premium
If you are having a hard time paying the premium on your mobility scooter insurance, then you can easily lower the premium by changing your deductible. This can be done with almost any insurance type. If you raise the deductible (the amount you need to pay before insurance will pay for damages), then the premium will decrease.
Just don’t raise the deductible too much. You might make it so that insurance doesn’t have to pay anything if your scooter is damaged.
Conclusion
If you have a mobility scooter, then mobility scooter insurance is a must. It’s true that scooter theft or accidental injury to outside persons is unlikely, but the financial damages can be steep if you don’t have insurance. If you want to protect your wallet, then get a good insurance policy.
