Argo’s 12 Days of Santa’s Insurance: Sleigh Storage
Santa’s sleigh racks up serious mileage on December 24, but he should be protecting it the other 364 days of the year. Argo has a policy for that.
December 13, 2017
Day Five: Sleigh Storage
Here are three things Santa needs to know about insuring his sleigh in storage.
1. An inspection is required for a first-time vehicle storage policy. The North Pole is a long haul away, so a phone call and photos would likely suffice, according to Colony Specialty Senior Underwriter Kerri Irving.
2. The minimum annual premium is $500, but it could bump to $750 if the sleigh is antique or chock-full of expensive high-tech instrumentation.
3. To gauge theft and fire risk, Colony will ask how the storage premises are controlled, whether the storage owner will have the keys to the sleigh and how many sleighs are being stored.
When Santa’s sleigh hits turbulence, there’s a chance a toy or two hundred could take a tumble. With an ocean cargo policy from Argo Group, Santa’s toys are covered in transit – whether over land, sea or air.