Toy insurance is an important investment for Centennial, CO residents who own recreational vehicles and other expensive toys. But the question remains—will one policy cover all your toys? Read on to learn more about toy insurance from Compass Insurance.
How Many Policies Do I Need?
The first step in determining whether you need separate policies for each of your toys is to assess the value of each one. If you own a single vehicle or toy that is valued at $20,000 or less, then it’s likely that a single policy can cover it. However, if you have several vehicles or toys worth more than $20,000 combined, you will likely need separate policies for each item.
This is because most policies will cap coverage at around $20,000 per item; anything over that amount would require additional coverage. Additionally, many policies limit the number of things they will cover—so if you have more than the maximum number of items listed on your policy (usually 3-5), multiple policies may be required to ensure complete coverage.
What Does Toy Insurance Cover?
Toy insurance covers many items, such as boats, RVs, snowmobiles, and ATVs. It also typically covers damage caused by theft, vandalism, or natural disasters such as floods and fires.
Whether you own just one toy or several high-value items, protecting them with proper insurance is essential for any Centennial, CO resident who wants peace of mind when enjoying their recreational activities. Contact Compass Insurance today for more details and to get the coverage you need to protect all your toys!