For Antigo Times
Drones, hoverboards and drivable electric vehicles for kids were hot items for Christmas, but beware of potential insurance issues with their use.
Some homeowners and renters insurance policies may not provide coverage for injuries or damage to property of others while using your new high-tech toys. Many, but not all, home insurance policies cover the operation of model aircraft which are not used to carry cargo. Most home policies do not cover “motor vehicles”, except in very limited situations. Some policies have an age or speed restriction on “motor vehicles” and also specify that protection may only apply while they are being operated on your premises. Since both hoverboards and electric vehicles are powered by electric motors it is possible they may fall under the definition of “motor vehicles”.
According to Cristy Wick, Account Executive and Agent at the Cordova Insurance Agency and member of the Professional Insurance Agents of Wisconsin (PIAW):
“Unfortunately injuries and property damage in the course of kids being kids can and do occur. It is always a great idea to contact your professional insurance agent to be sure you are properly protected. Homeowners policies, renters policies, and personal liability umbrella policies, should be reviewed with your agent yearly.”
The safety and insurance issues surrounding drones, hoverboards, kids’ vehicles, and other exciting new toys are one good reminder to update your insurance protection periodically but don’t forget about the new ATV, or snowmobile, guns, artwork or jewelry you have acquired since your last visit with your agent. Remember the best insurance agent cannot cover what they do not know about.
For more information contact the Cordova Insurance Agency. The Cordova Insurance Agency is a member of the Professional Insurance Agents of Wisconsin.