If 2021 is the year you treat yourself to a recreational toy like an RV, boat or snowmobile, congratulations!
But have you considered how you are going to protect your investment, i.e. have you reviewed your insurance policy recently?
If you are the proud owner of a recreational toy and you haven’t thought about insurance coverage for it, it’s time to do some research. After all, you want to enjoy your new purchase – not worry about it or regret it.
Here’s what you need to know about insurance coverage and your recreational toy. Read on:
The fact is, most recreational toys aren’t covered by your standard auto or homeowner’s insurance policies. So, if you have purchased one or are purchasing one, make sure to talk to your insurance agent about additional coverage. You need to protect your toys; not worry about them!
Generally speaking, you’ll need a policy to protect your investment if it is stolen or damaged and you’ll also need to make sure you have liability coverage if someone is hurt or killed – or property is damaged while your recreational toy is in use.
For things like boats, it’s also a good idea to have a service in place in case you break down and need towed.
If you own multiple recreational toys, you can save money on your insurance by bundling your policies. So, not only will you have peace of mind that you are protected, but you will also have more money in your pocket for … another boat? A jet ski? It’s up to you.
At Crumrine Financial Services, we can help make sure your recreational toys are properly insured. Request a quote today!