Most people avoid getting insurance for lawn-mowers. However, that’s a big mistake in our opinion. That’s because you never know what might happen. And that’s why it’s wise to be protected just in case your lawnmower faces any kind of horrible fate.
Now, even if you get insurance for your lawnmower, you have to understand what that insurance entails. In the following guide, we will discuss everything that you need to know about insurance for lawn mowers. Let’s begin.
In this content you’ll learn:
Can You Get Insurance On A Lawnmower?
You might be wondering whether or not it’s possible to get your lawnmower insured. Fortunately for you, the answer is yes. You can also get the various parts and gears of your lawnmower insured.
You can go to a general property insurance policy. Typically, these policies cover all types of outdoor power tools such as lawnmowers, string trimmers, lawn tractors, and so forth.
Do You Even Need Lawnmower Insurance?
You may be asking yourself, so what if I don’t have insurance for my lawnmower? It doesn’t matter, right?
Wrong. It does matter. If you don’t have insurance, you’re at a risk of your lawnmower getting stolen or damaged. Let’s say your lawnmower gets damaged somehow. If that were to happen, you’ll have to fix your mower on your own and it could be quite costly.
And remember lawn mowers are pretty expensive. It’s not like you can buy a new one as soon as something happens to your previous mower.
Furthermore, if you don’t have public liability insurance, then you’ll run into big trouble in case someone gets injured by your lawnmower.
Cost Of The Lawn Mowers Insurance
If you’re taking general property insurance for your lawnmower, it will cost you from $15 up to a few hundred dollars. And typical public liability insurance will cost you $30.
On the other hand, if you’re taking insurance for your landscaping business, it could cost you from $45-$500 per year.
The Types Of Insurance That You’ll Need
If you are only thinking about getting your lawnmower insured, the general property insurance should cover the cost, in case your mower gets damaged in an accident. Here is a detailed outline of the types of insurance you’ll require:
Open Perils
The open perils policy will cover all kinds of risks that the homeowner might face. However, it does have its limitations. Carefully read the policy before purchasing it. Open Perils is considered to be the best form of policy for lawn equipment and that’s why it’s quite expensive.
Named Perils
The named perils policy covers roughly 16 types of risks that homeowners commonly face. This type of policy is comparatively much cheaper than the open perils policy.
On the other hand, if you have a lawn care business and you’re thinking about getting a landscaping business insurance, then you’ll require the following insurance policies:
Public Liability
Many people don’t even consider getting public liability insurance. But we can assure you that it’s quite important. This policy protects from potential financial losses in case anyone trips over your lawnmower and get hurt.
This policy will also cover any injury to a third party or any kind of property damage.
General Property
The general property policy covers the loss of lawnmowers and other kinds of mowing equipment.
Fidelity
This policy is related to employee fidelity. It will cover you if one of your employees cause some kind of mischief.
Sickness and Accident
We highly recommend you get accident and sickness insurance. This policy will protect you in case you get hurt during work. You could also buy an accident-only insurance policy.
Final Thoughts
As the saying goes, better safe than sorry. And that’s also true in the case of lawnmowers. Don’t neglect this topic and get insurance for lawn mowers. It would be quite beneficial for you in the long run.
A lot of people find it difficult to understand insurance policies. Hopefully, this article has helped you understand what insurance policies for lawn mowers entail. And now you can make the right choice.
