Insuring Toys: What You Need To Know

Grown-ups like their toys too, right? All-terrain vehicles, snowmobiles, golf carts, and other recreational vehicles can add a ton of fun to your outdoor time. Keep the good times rolling with proper insurance on all your grown-up toys. At Saucon Insurance Agency, serving Bethlehem, PA, we work hard to bring you the best insurance information so you can make the best insurance choices. Keep reading to learn more about toy insurance. 

What Qualifies as A Toy?

Toys are considered recreational vehicles. These types of vehicles are often used for fun, but they can still pose dangers when in use. Because of this, having proper insurance in place is essential. You have invested money into these grown-up toys, and insurance will make sure that investment is protected. 

What Does Toy Insurance Cover?

Toy insurance will provide basic types of coverage for recreational vehicles. You can customize your insurance policy, but in general, a policy will provide coverage for the following areas:

  • Property damage- This type of coverage is put in place to make sure you are reimbursed if your vehicle is damaged or lost due to natural disasters, fire or burglary. This is the best way to protect the money you invested into the vehicle. 
  • Liability Coverage- If your vehicle is in an accident that results in others being injured, or other vehicles being damaged, liability insurance will pay for those expenses. Without liability coverage, you will personally be held responsible for any expenses resulting from this type of incident. This could include medical expenses, costs of damage to other vehicles, and even legal expenses. 

If you would like to learn more about our services, please contact us at Saucon Insurance Agency, serving Bethlehem, PA. 

When does someone need flood insurance?

Owning a home in or around Bethlehem, PA can be a great housing option. If you want to own a property in this area of the state, you also need to make sure you choose an ideal insurance plan for it. While this should always include home insurance, you may also want additional flood insurance. There are a few reasons why you may need flood insurance here. 

Home is at Risk of Flood Damage

A reason you will need to have a flood insurance plan here is that your property is at risk of flood damage. If your home is near a lake, river, or various other waterways that can flood, you could be at risk of damage that may not be covered by your standard home insurance plan. Having proper flood insurance will give the coverage that you need to protect your property.

Coverage is a Requirement

You may also need to have flood insurance if it is a requirement for you to have coverage. Those that intend to finance their home with a loan will have various insurance requirements. If your dwelling is in a designated flood zone, the mortgage provider will likely require you to carry flood insurance. They may have you establish escrow accounts to ensure you maintain coverage. 

Having a proper flood insurance plan is a necessity for some in the Bethlehem, PA area. If you are assessing your home insurance needs and think that flood insurance is a good investment for you, it would be wise to call the Saucon Insurance Agency. There are a lot of reasons why you may need to get flood insurance and the Saucon Insurance Agency can help you build a plan that will meet your needs. This will ensure your home is covered and you are in full insurance compliance.