Your child crashes a toy car in the driveway and dents your car.You could file a claim under the collision portion of your auto policy to repair your car, says Loretta Worters, vice president of the Insurance Information Institute.
"There would not, however, be any coverage for the child's toy vehicle," she adds.Collision insurance is optional, so you're out of luck if you saved money by not buying it. But even with collision coverage, it's probably not worth filing a claim if the damage is minimal. Your claim check will be reduced by the amount of your collision deductible. So if the repair cost is slightly more than the deductible, it might be better to pay out of pocket, particularly if this isn't your first claim, than risk a premium increase down the road.
Your tyke runs over and injures a pal with a toy car.Your home insurance provides liability coverage to protect you against lawsuits for bodily injury and property damage that you and your family members cause others, Worters says. If the friend requires medical attention, then your home insurance would cover the medical bills up to your policy's liability limits.
Your little driver crashes a toy car into the neighbor's (big boy) car and scratches it.Whether your home insurance liability coverage would pay depends on the fine print in your policy. Generally home insurance policies exclude liability coverage for self-propelled vehicles when you take them off your property. But there is an exception. Newer standard forms of home insurance do provide off-premises liability coverage for toys that are designed for children under age 7, are powered by batteries, and can't go more than 5 mph on level ground, says Christopher Boggs, vice president of insurance for the Insurance Journal's Academy of Insurance. "But there is no guarantee that [policy] version is being used in every state or by every carrier," Boggs cautions. In other words, you might not be covered for the damage caused by your little speed demon once he rolls off your property. That goes for injuring others, too.
"There is a possibility that you are protected, but there is no guarantee," Boggs says. "Ask your agent, read your policy, or [add an endorsement] to remove all doubt."You can buy an endorsement to provide liability coverage for low-power recreational vehicles, Boggs says, which covers the vehicles off your property as long as they have not been modified to go faster than 15 mph on level ground. Here are more details about what's included in a homeowners policy.