As winter sets in and the weather gets colder, it is essential to ensure your toy vehicles are stored and protected. Accidents such as fires and weather damage can significantly damage or even destroy toy vehicles while in storage. Carrying toy vehicle insurance year-round can reduce your chances of having to cover high out-of-pocket costs while your vehicle is in storage.
What Are Toy Vehicles?
Toy vehicles are unique, including all-terrain vehicles, snowmobiles, golf carts and sometimes recreational vehicles (RVs). Like any motorized vehicle, toy vehicles must be adequately maintained, operated and insured. Some toy vehicle owners only carry insurance during the months they use them. Accidents can occur while the vehicles are in storage and are often difficult to recover financially from without insurance.
Why Is Storage Insurance Important?
Storage insurance is not technically a coverage option, as it primarily falls under comprehensive coverage. Comprehensive coverage will insure your toy vehicle against damage expenses unrelated to collisions. Comprehensive coverage is essential because it can protect your toy vehicle from accidents such as falling objects, fire damage and weather damage. These are accidents that can commonly occur while your vehicle is in storage.
Do I Need Toy Vehicle Insurance?
Toy vehicle insurance is generally not mandatory. However, carrying coverage can provide significant financial protection. If an accident occurs while your toy vehicle is in storage and you do not have insurance, you may be forced to pay high out-of-pocket recovery or repair costs. The agents at Lone Star Insurance Agency can help you learn about potential toy vehicle insurance policies.
If you live near Burleson, Texas, and want to learn more about storage coverage options for toy vehicles, the dedicated agents at Lone Star Insurance Agency are here to help guide you through the process.\
Learn more by contacting our agency today at 817-426-2886.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.