Motor vehicles come in many forms and may be used for various purposes. Certain vehicles may be geared primarily toward recreation and enjoyment, offering opportunities for exciting adventures and luxurious escapes. However, regardless of type, size or purpose, all motor vehicles require responsible owners to consider potential risks and exposures. Even the most diligent vehicle owners and experienced operators must consider insurance for their toy and recreational vehicles.
What Is Toy Vehicle Insurance? 
Toy vehicle insurance and recreational vehicle insurance may be used interchangeably to describe policies for vehicles that are not always used for everyday purposes. However, recreational vehicle insurance may describe coverage for larger vehicles with a mobile residential component, such as campers, trailers and motor homes. Similarly, as a broader term, toy vehicle insurance may also encompass other, more specific coverage options, such as for boats and all-terrain vehicles (ATVs).
Toy vehicle insurance may often be available for the following types of vehicles:
What Does Toy Vehicle Insurance Cover?
Although focused on covering risks and exposures related to recreational vehicles, toy vehicle insurance policies often comprise many elements and features similar to standard auto insurance. While availability and suitability may vary depending on the type of vehicle, toy vehicle coverage can often include the following financial protections:
- Third-party liability coverage—This may be legally required and can protect vehicle owners from the financial ramifications of causing an accident that results in other parties’ losses, such as bodily injuries and property damage.
- Collision coverage—This coverage can help pay to repair or replace toy vehicles if they are damaged in a crash, including with other vehicles or stationary objects, such as buildings and guardrails.
- Comprehensive coverage—Including this option in toy vehicle insurance may help policyholders manage losses caused by noncollisions, such as fires, theft, vandalism and severe weather.
- Medical payments coverage—If an insured operator or their passengers are injured while using a toy vehicle, this coverage may help pay for resulting health care bills.
- Uninsured/underinsured third-party coverage—Policies with this feature may ensure toy vehicle owners can recoup their losses, even if the at-fault party lacks adequate insurance.
- Contents coverage—Certain larger toy vehicles, such as campers and boats, may also offer coverage for storing or transporting belongings, including furniture, electronics and equipment.
Get the Right Coverage
Toy vehicles can open a world of possibilities, but owning and operating them may include inherently high-risk levels. A wrong turn, lapse in concentration or unexpected bump in the road could all result in devastating financial ramifications, so securing and maintaining appropriate insurance is critical.
Contact the team at Lupton & Luce today to learn more about your options or to get a tailored toy vehicle insurance quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.