Finding The Right RV Insurance
Some people only plan to use their RVs for occasional road trips while others plan to use it as a full-time home. No matter the case, recreational vehicles need to have an insurance cover. You might have the option to add the RV to your existing car insurance policy, however, you need to keep in mind that recreation vehicles are more than just cars.
An RV insurance policy combines the best of both world’s, that is, elements of home insurance and auto insurance. With RV insurance you can be sure that you are covered from any unique risks that the RV might be exposed to.
In general RV insurance policies are different from one insurer to the next, however, there are certain aspects that you can expect to remain the same. You can expect the following types of covers to be automatically added or required when getting an RV insurance quote.
Liability Insurance – In order to operate your RV, you will be required to have liability coverage similar to the amount your State requires for car insurance policies. In the event that you are responsible for a crash, your liability insurance will cover any property damage costs as well as injuries to others, up to your limit.
Collision and comprehensive coverage – If you ever run into objects such as a street sign or a tree or cause a crash, collision coverage will cover any damage to your RV. On the other hand a comprehensive policy will cover a number of issues including animal collisions, theft of your RV, vandalism as well as falling objects etc.
You need to be aware that both comprehensive and collision covers have a deductible, that is, the amount the insurer takes away from claim payments. For instance, say you file a claim for $1,000 in order to repair damage caused by a fallen tree branch, if you have a $250 deductible, the settlement you get will amount to $750.
Underinsured/Uninsured Motorist Coverage – Uninsured/underinsured motorist bodily injury cover is designed to cover any costs you might incur if both you and your passengers get involved in an accident with a driver who does not have sufficient insurance to cover your bills or has no insurance at all.
On the other hand, uninsured/underinsured motorist property damage covers any costs of repairing damage to your RV.
Medical Payments Coverage – In the event that you crash the RV, this insurance policy will cater for any medical costs relating to treatment of your injuries, no matter who was at fault in the incident.
RV Insurance Options
There are other options that you can choose from when obtaining RV insurance and which don’t come with car insurance.
Full replacement cost – In case your RV is stolen or totaled, you can choose to have the RV fully replaced. This is unlike with comprehensive insurance which only pays out a depreciated amount.
Personal property and attachments – This type of cover is designed to cover costs you might incur in the event that attachments in your RV such as camping and sporting supplies, cooking appliances, furniture, awnings, and satellite dishes get damaged or stolen.