Why Toy Insurance is Becoming so Popular

When considering insurance policies, you might first think of auto or homeowner’s insurance. Health and life insurance policies are also very common. How about toy insurance? There’s a fair chance that that policy isn’t as familiar, but these insurance plans are becoming quite popular. Let’s take a look at why toy insurance policies are becoming so popular.

Want to explore specific collectible and toy insurance policies in Coppell, TX? Contact The Select Insurance Agency; our agents would gladly help.

Toys are no Longer “Just” Playthings.

Perhaps most importantly, toys are no longer simply playthings. Of course, many kids play with toys day in and day out. That said, these everyday toys often aren’t the toys people are taking insurance policies out on. Instead, folks usually take out toy insurance policies on collectibles.

The details can be rather complex, but some toys become very valuable owing to high demand and extremely limited supply. For example, a mint-condition 1952 Topps Mickey Mantle baseball card sold for over $12 million in 2022. Why? This card popularized the general design of modern trading cards, and Mickey Mantle was a very popular player, resulting in high demand.

Meanwhile, very few 1952 Topps Mickey Mantle cards were ever produced. Of those few that were, many have been destroyed or damaged. This means supply is very limited; ultimately, high demand and low supply usually mean high prices.

Collectibles can make for great investments. The toy you buy now for $50 might be worth $500,000 in forty years. When it comes to valuables, it’s essential to ensure that they are adequately insured. Often, general homeowner’s insurance won’t cover collectibles or may set a low liability limit.

Interested in collectible and toy insurance policies in Coppell, TX? Visit The Select Insurance Agency.

Natural Disasters and RV Insurance: What You Have to Know

Whether you’re buying an RV or are looking to update your existing policy, there are no doubt countless considerations on your mind. One thing you have to pay special attention to when living in the Coppell, TX area is how a natural disaster might affect your RV.

We live in a unique area where it’s no longer uncommon to see ice storms, hail, and tornados in a short amount of time. When dealing with damage to your home and other property, the last thing you want is to learn that your RV insurance policy doesn’t cover storm-related damage.

At The Select Insurance Agency, we want to give you the information you need to make the right choice when buying RV insurance.

Why Comprehensive Coverage Matters

Like car and motorcycle insurance, you can purchase comprehensive coverage for your RV. Generally speaking, a comprehensive policy will cover most natural disasters and other events deemed out of your hands.

For example, say a major storm cell came through the area where your RV is parked and caused a tree to fall on it. A comprehensive policy can step in to cover the repairs or replacement of the RV itself. If you spend a significant amount of time in your RV and are known to store a lot of personal belongings inside, you may want to add personal effects replacement coverage to your policy as well. It’s best to speak to a Coppell, TX insurance agent to learn more about what types of coverage are suitable for you.

Need to Protect Your RV? Contact The Select Insurance Agency Today!

Disasters are unpredictable by nature. However, you can spend more time enjoying your RV and less time fretting over the right insurance coverage with help from our team at The Select Insurance Agency. Contact us today to learn more.