One of the best things about the Tampa Bay area is the climate—when other people are getting ready for winter, we’re still able to play outside! And many of us have the “toys” to do just that—toys like boats, RVs, all-terrain vehicles (ATVs) and personal watercraft. But remember, accidents do happen, and while they’re fun, these grown-up toys can also be dangerous and expose you to the risk of a lawsuit.
That’s where L & M Insurance Group can help. Before you hit the water or the trail, make sure you have enough insurance coverage for your toys if something goes wrong. Most of these vehicles aren’t covered by a basic auto or homeowners policy, so you’ll need to buy specialized insurance for them. This insurance doesn’t have to be expensive, and it’s certainly cheaper than a lawsuit!
When insuring your toys, you’ll want to be sure you’re covered adequately for:
- Bodily injury—pays for injuries you cause to others if you’re responsible for an accident.
- Property damage—pays for property you damage if you’re responsible for an accident.
- Collision—pays for damage to your toy if you hit something.
- Comprehensive—pays if your toy is stolen or if it’s damaged by something other than a collision, such as fire, extreme weather, or vandalism.
We also recommend you carry an umbrella policy (excess liability coverage over and above your other insurance) to further protect your assets in case you are sued. Please ask your L & M Insurance Group agent if you have any questions about your umbrella coverage, or if you need a quote for an umbrella policy.
Remember, if you can drive it, register, and tag it, you probably need insurance coverage for it!
Insurance coverage is meant to protect you from financial hardship due to accident and/or lawsuits. Talk to your L & M Insurance Group agent about what coverage you need to protect your assets and safeguard your lifestyle. Please call us at 813-672-4200 if you have any questions, or you’d like a free, no-obligation quote for insurance on a boat, RV, personal watercraft, or ATV. You can also contact us online by clicking here.
