Is Toy Insurance Required in Ohio?

If you live in Cincinnati, OH, you must have in mind fun places to explore. And to do that, instead of hiking or biking, you want to go a notch higher and buy an ATV or a side-by-side vehicle like a Talon to help you navigate the narrow trails and tricky off-road paths. 

While it’s exciting to harness the potential that Mother Nature has given to us, it’s vital to protect your prized toy with toy insurance from Advantage Insurance Network. Without toy insurance, you will be in for a rude shock if you are involved in an accident. But before getting far, let’s understand toy insurance a little more.

Is toy insurance mandatory?

If you use your toy on open roads, Ohio requires you to carry toy insurance with specified minimum liability coverage. Besides, if your toy is loan-financed, your lender may require you to purchase toy insurance until you pay off the loan facility.

However, whether toy insurance is mandatory or not, you need this insurance to protect you and your investment.

What toy insurance options do I have?

If you obtain a recreational toy, below are the insurance options to consider:

  • Liability coverage: If you cause an accident and cause bodily injury or damages to other people’s property, toy insurance covers damages and medical expenses. Additionally, toy insurance pays for legal costs in case the aggravated parties sue you.
  • Collision coverage: Protects your toy when involved in an accident.
  • Comprehensive coverage: Protects your toy against non-collision perils like theft, fire, vandalism, hail, windstorms, and other dangers. 
  • Uninsured/underinsured motorist: If you are involved in a hit-and-run incident or crash with a motorist with little or no insurance, this coverage covers unpaid damages and medical costs.

Do you want to purchase toy insurance? Please contact Advantage Insurance Network of Cincinnati, OH, for a customized plan.