Making big purchases like boats, jet skis, motorcycles and ATVs are some of the fun perks of being an adult. But just like your vehicles, you should make sure your toys are covered with the proper insurance policy. Your gadgets are worth a lot of money, and they provide you with a lot of joy, so to have peace of mind knowing you won’t be out the money if something happens, get them covered. Here’s a little bit more info on the subject.
Toys Are NOT Covered on Your Homeowner’s Policy
Your homeowner’s insurance policy won’t cover anything that moves. Meaning no boats, no jet skis, no ATV’s or other fun, stuff. This means not only are you not covered for the price of the item if it becomes damaged, but you also will not be covered if you hurt yourself or someone else while using it. Your vehicle liability insurance could potentially cover damage to another vehicle if, for example, you were towing your toy on a trailer with your car, and it rolled off and caused damage to someone else. However, you should have your current policy reviewed to be sure you at least have that specific situation insured!
Contact an Insurance Agency for Policies
Most states may require you to have a license to operate certain toys, but they will not require you to purchase insurance. The responsibility of finding and obtaining proper insurance is entirely your obligation. Contacting an Insurance Agency with experience with these kinds of policies is your best bet.
It’s Not Worth the Risk Not to Have Insurance
These fun toys are often used with family and friends on vacation or holidays. Can you really afford to pay for hospital bills, damage or a new toy if something happens? Do yourself a favor and purchase an insurance policy to cover all the “what ifs”, so you can enjoy playing with your toys.
To insure your toys, car, home or business, call Leigh Insurance Agency, Freehold, NJ for all your insurance needs. We’ll help find the perfect policy for you.