What to consider when purchasing toy insurance?

Adults have toys, and these toys are often more expensive than the ones we remember having as children. It makes sense to consider insuring these toys. Toy insurance is supplementary insurance when auto and homeowner’s insurance is not sufficient. Safechoice Insurance Agency serving the Rochester, MN area asks you to consider the following when researching whether you need toy insurance:

  • Is my toy valuable? Toy insurance has two main categories – luxury and recreational.
  • Is there any chance that your toy could become lost or damaged? Sometimes we are a bit more careless when having fun.
  • Is there any chance that your toy could get stolen? Certain types of toys are not easy to secure on our property. It may also be that they cannot be stored there.
  • Will other people use my toys, or is it possible that I will have passengers? That opens you up to the possibility of liability. When you share your toys, it is vital that you have cover if you are hurt, or if someone else gets hurt.
  • Will my toy be leaving my property at any time? That opens you up to a whole host of risks that you need to think about.
  • If something happens to my toys, will there be extra charges for wreckage or recovery not covered by my more traditional insurance?

If you answered yes to any of the questions above, then toy insurance is not just a good idea, it’s a necessity for you. Rochester, MN is a great place for recreational activities and the toys that improve these experiences deserve to be insured by a company like SafeChoice Insurance Agency – we can help you understand your needs, so speak to us today!