As the temperature begins to rise more people are starting to dust off their motorcycles, boats, jet skis and much more. But before you start to take your favorite summer toys out of storage, have you reviewed or renewed your insurance policies?
There are a few people who cancel their insurance policies for their summer vehicles during storage because they see a way to “save” money. In reality, this could cost you more money. Having a large gap in-between your policies can place you in the high-risk category which could lead to a higher premium down the road. Having a year-round policy does keep your items protect against theft, fire or other potential damage from weather-related storms.
There are other ways to save money on your summer recreational toys without having to cancel your policy during the winter months.
- Talk to your agent- if you bundle your seasonal vehicles with your current car insurance you might qualify for additional discounts.
- Increase your deductible – you could reduce your insurance premium by raising your deductible.
- Install an anti-theft device – some carriers offer discounts if you add an anti-theft device to your seasonal vehicle.
Before you take your summer vehicles out on the road or water, review your policy to understand your coverage. If you are unhappy or not 100 percent clear on it, give your agent a call. If they don’t explain your policy to you, then change agent. Your agent should help you find the best plan that fits your budget and needs as much as possible.
If you have any questions give us a call at (405) 602-1554.