Insure Your Toys

Summer has finally arrived! This is the time to pull your toys out of the garage or storage and have some fun. While many people don’t have insurance on their boats, ATVs, RVs and/or jet skis, there are some very good reasons to consider this relatively low-cost insurance as a year around option. At the very least if you are out on the water or on the sand dunes this summer, having the right type of boat or recreational insurance can protect your investment and also reduce the cost of any damages that may occur to passengers or other watercraft and motorized toy.

It is estimated that about 75 million people in the United States own a recreational vehicle. These can range from simple motorized fishing boats, ATVs, and jet skis to luxury yachts, sailboats and motorhomes, that are worth more than the average person earns in a year.

To understand the basics of recreational vehicle insurance, there are several essential factors to keep in mind. As with any insurance, it doesn’t pay to have too much, but not having the necessary coverage can leave you with extremely high costs of repairs to cover on your own. Table 1.1 is a table showing the number of accidents, injuries, and even fatalities last year, reported by the California Division of Boating and Waterways.