"Toy" Market Good Economic Indicator

After marketing to our local "toy" dealerships, I am encouraged about our economic future when I hear the dealership salemen talk about how sales are picking up.

People are begining to buy "toys" again after a 2 year hiatis due to harsh economic situations. A leading economic indicator better than GDP, Unemployment Rate, CPI, or any other statisic is spending on recreational vehicles. RV, motorcycles, boats and sand rails sales are begining to pick up.

One of the first consumer items to stop selling in hard economic times are the "toys". In 2008, when gas prices hit $4.00 per gallon, motorcycle and scooter sales skyrocketed. Dealerships were signing all the way to bank until December "08 when prices settled back down to $2.50 per gallon. Since then, sales have steadily slowed down to an almost stand still forcing many dealerships to close their doors.

More good news from Winnebago last month: the nations largest, oldest and best known RV manufacturer hired back 1,500 assembly line workers to meet increased dealership orders. That is some great news for everyone involved in the "toy" business.

RV Insurance for Summer Travel

As an RV'er traveling accross America stoping at your favorite campground, a very important coverage you need to verify on your policy is campground/premises/full timer liability.

This liability coverage is similar to your homeowners' liability insurance. This coverage is designed to protect you in the event your new neighbors stop by for a visit and become injured while stepping into your RV or trip over your campsite equipment. It is the slip and fall coverage we all know liability insurance to cover.

This compares to the same situation when your neighbors are invited for dinner and accidentily trip/fall and need medical attention.

Your RV's auto liability coverage does not apply as "campsite" liability. It is solely designed to cover your RV when you cause an accident while on the road.

Hope this helps explain why your RV insurance poicy should list two seperate liability limits.

Specialty Toy Insurance is NOT Auto Insurance

To begin, let’s look at types of insurable “toys”: Motorcycles, Boats, Recreational Vehicles, Dune Buggies and Sandrails, All Terrain Vehicles, Side-By-Side Utility Vehicles, Modified Golf Carts, Golf Carts, Snowmobiles, Collector Vehicles, Travel Trailers and Personal Watercraft.
Why do all of these vehicle types need their own individual insurance coverage? Any vehicle issued a state registration needs to be properly insured. All 50 states have adopted the required minimum liability insurance requirements. In Arizona, the minimum liability limits are 15/30/10. Insurance is not designed to have one policy meet all vehicle needs. If you need a screwdriver you do not buy a hammer. Vehicle insurance is no different. A motorcycle policy is not designed to cover the insurance needs of a boat. ..............read more

Please feel free to contact us at info@bbtimail.com for any further questions or assistance.