All-terrain vehicles, golf carts, boats and snowmobiles are meant to be used for fun, but it is also important to use them with care. If you and your family operate these types of toys, then you know how important it is to keep them in good working condition. Toy insurance can come into play when something happens, such as property damage or if you are involved in an accident while operating one of these devices. Just the same as with regular auto policies, there are several types of toy insurance you can choose from, such as liability, collision, and comprehensive coverage.