Mobility freedom that has been regained with the acquisition of a mobility scooter could be quickly snatched away in the event of an accident. In many cases, it has been a struggle for a person to come up with the thousands of dollars to get a scooter. It could be a serious loss, both financial and emotional, in the event of an accident or theft.
Presently, here is no legal requirement to have mobility scooter insurance. However,if you expect to use your vehicle in public, it would be extremely wise to purchase insurance. We live in a litigious society and the probability of a severe financial setback in the event of an accident is very real and quite high. Having insurance is prudent.
This type of insurance has two basic parts:
Insurance for the vehicle itself and the owner.
Coverage for accidental harm or damage to another person or their property
Coverage for the vehicle would include cost of repairs and possibly complete replacement. Today’s products are very sophisticated from a technological standpoint and can be extremely expensive to repair.
The policy might also include payment of transportation for the vehicle and yourself to get back home from an accident. However, be aware that this transportation coverage may be limited to a specific radius from the address of the registration. There might also be coverage for temporary mobility while your equipment is being repaired.
There will also likely be a limited on the number of calls that can be made during the year. This is usually four times, but check the policy to be sure.
Initial insurance coverage is confined to the specific product that is on the policy at commencement date. If the vehicle is changed during the life of the policy, the insurance carrier must be notified.
Third party coverage is available to cover harmful injuries to individuals and property damage. This type of coverage is very important because of the possibility of being sued for negligence and a large amount of damages. There is also the possibility of having to pay for the other person’s legal fees, which could likewise be very large.
As with any insurance, quotes should be obtained from several companies. Identify what your specific needs are and find out which companies can best provide this coverage at the best price.
With the increase in elderly population and commensurate increase in mobility products, more major insurance companies have entered this market.
Tags: insurance for mobility scooters, mobility scooter insurance policies