Are your summer toys covered?

As summer plans continue, now is as a good a time as any to ensure your summer “toys” (such as boats, RVs, motorcycles, and ATVs) are fully covered. Some individuals may believe their existing home and auto policies provide sufficient coverage for these “toys.” However, this is not always the case.

Here’s a quick overview of insurance needed for some common summer “toys” and the risks of not having the proper coverage:

• Boats: (We LOVE a boat day!) Boat insurance covers physical damage to the vessel from weather, collisions, and other covered perils. Like car insurance, boat insurance can often include liability and underinsured boater coverage, offering key financial protection in case of a collision. Forgoing this coverage can lead to high repair costs or the fallout from a collision.
• RVs: The required coverage for your RV depends on whether you use it solely for recreational purposes or live in it full-time, and on the class of RV you own. Across the board, RV insurance can financially protect you from theft, weather-related damage, and accident damage and liability risks. If you live in an RV full-time, you will likely need additional coverage beyond that.
• Motorcycles: If you’re involved in an accident or if the bike is damaged or stolen, motorcycle insurance is an important financial safeguard. Forgoing this coverage can lead to costly bills if your bike is damaged or involved in an accident.
• ATVs: If you own an ATV, it’s crucial to have dedicated ATV coverage in case of damage, theft, or collision. You can either purchase a comprehensive policy or several individual coverages like liability coverage, collision coverage, and more.
• Golf carts: It’s a common misconception that golf carts are fully covered under a standard homeowners or auto policy. In reality, coverage is often limited, especially once the cart leaves your property. A dedicated golf cart or recreational vehicle policy can help fully cover costs associated with damage, theft, and liability claims.

Forgoing these coverages is not just a risky financial move, but can also carry legal consequences in some cases.

That said, if you have questions about coverage limits or legal requirements, please give us a call (513-741-3244). We are here to help you enjoy a stress-free, adventure-filled end of summer!