The Risks Of Motorized Kids Toys
In the past 10 years we have seen rapid, tremendous evolution of motorized kids toys. It started with plastic battery operated vehicles intended for young kids. These vehicles posed little danger and traveled no faster than you or I could walk. Today we see electric and gas powered scooters, even miniature motorcycles that can travel in excess of 60Km's an hour. Your concern should not be for the costs to repair or replace the toy itself, but for the injury it can cause to the neighbourhood kids who will no doubt be playing in or around them.
These "toys," as they are fraudulently called, are available for sale in a variety of places including major department stores in your community. Although anyone can purchase one of these. If you are considering buying one of these mini vehicles or currently own one you should be aware of the potential insurance limitations that exist. Currently we at First Durham Insurance & Financial are aware of only one insurance company who will extend liability coverage from your Home Insurance to these electric toys. The good news is that there is no added cost to extend your policy. Mostly all property policies currently excludes liability arising out of the use or operation of a motorized vehicle, and despite being battery powered, these vehicles fall under this definition.
In Ontario with are seeing an increase in the number of these vehicles in our communities Unfortunately many of these unsuspecting consumers are not appropriately informed when they buy these toys and unfortunately do not consider the risk. There have been cases where serious injury has occurred and naturally when kids are injured parents are quick to take legal action.
So when you are standing in the isle at your local department store thinking about purchasing one of these and weighing the safety considerations also be cognizant of the fact that should something go wrong you will be personally responsible for picking up the cost. So whether they drive like a little Mario Andretti or like Grandma call us for a Free Homeowners Insurance Quote for the right coverage before letting the little ones lose. Let us show you that buying the proper Home Insurance.