Big Toys Equal Big Responsibility

Written By Charlotte Insurance on May 11, 2021. It has 0 comments.

a person riding on a motorcycle thinking about their insurance

You’ve worked hard for the finer things in life, especially your toys. You use them to have fun, spend time with family, and hang out with friends.

But big toys come with big responsibility, both financially and safety. That’s where insurance can play a big role. If you’re enjoying the fun of these toys without protecting yourself and your family with the right coverage, you’re setting yourself up for failure.

Here’s what you need to know.

Motorcycle Insurance

Motorcycle insurance (and even helmets!) aren’t required in every state, but North Carolina does require liability coverage. While that’s a good way to protect yourself from an accident you cause, it’s probably not the biggest concern a bike rider faces out on the road.

How many drivers have failed to see you, nearly hit you, and made you long for back roads with no traffic? You know that, no matter how slim, if you get into an accident with a vehicle, you and your bike will suffer the most. Motorcycle insurance can help protect you from the financial devastation of a totaled bike or serious hospital stay.

Considering bikes can cost up to $30,000 or more, and a night in the hospital isn’t exactly cheap, motorcycle insurance just makes sense. Depending on how often you ride, the premiums can be very reasonable, especially if you bundle it with your home or auto insurance.

RV Insurance

While your auto insurance might cover some damage after an accident involving your RV, it probably won’t cover all of it. In fact, there will be certain things it doesn’t cover at all. That’s where RV insurance comes in, and why you need it instead of relying on your auto insurance.

Whether you tow your RV or drive it, there are special insurance considerations because of what it is and how it’s used. Essentially, it’s a home on wheels which means you’re living in it, when it’s parked and (possibly) on the road. Auto insurance cannot handle those kinds of needs, but RV insurance can.

RV insurance includes coverage like:

  • Full-timers coverage offers the kind of protection you need in a home — liability protection, medical payments, and more — if you’re living in your RV full-time.
  • Campsite liability is necessary when you park and camp. Anything can happen on-site, and you need insurance that covers you when it does.
  • RV emergency expense coverage might not be “standard” but it is extremely important. When your motorcoach won’t go another mile, towing can be expensive. So will the expense of finding a place to stay and getting home. This is the kind of coverage you won’t realize how important it is until you need it.

Boat Insurance

Big or small, all boats are good boats. They’re often also expensive boats — from buying to maintenance to gassing it up. Why would you ever let such a major investment — of money and time — go unprotected? Boat insurance offers the kind of protection that other insurance simply can’t provide.

  • Homeowners insurance will only cover certain types of boats while parked at home, and only very small boats. Most watercraft won’t fall under your home insurance coverage.
  • Auto insurance might cover you while your boat is being towed to and from home, but it may not.

Neither of those cover you on the water, and a lot can happen out there. You could hit another boat, ram into a rock, or suffer all kinds of damage. Worse, you could be responsible for an accident and held liable for property damage and bodily injury. Without boat insurance, you’ll have to pay out of pocket for those expenses.

Getting out on the road or the water is a lot of fun. Getting into an accident, regardless of who’s at fault, is not, and it can be financially devastating without good insurance coverage.

Ready to update or purchase new coverage for your big toys? Contact Charlotte Insurance today.

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