Insurance for your recreational vehicle is one of the most important investments to make. Most RV owners are not necessarily informed when it comes to what they really need in their policy. The best RV insurance will be individual to each owner’s situation and circumstances. Understanding this allows an owner to make a sound decision for the best policy for them.
Use of the Recreational Vehicle
Two types of usage generally exist in insurable terms for an RV: recreational and full time use. Recreational use is the cheaper option of the two but this choice should not boil down to the cost of your payments. The coverage provided under recreational plans speaks to those that only use their RV’s periodically. A full-time policy will be more expensive but it provides much deeper benefits than the first.
A full-time user is viewed as living in their RV. This policy more closely mirrors a standardhome insurance policy in the event that the unfortunate happens. RV owners that might be tempted to claim recreational use when they are actually a full-timer, may find themselves without protection when they really need it. The company will investigate when it comes time to pay out a claim. Honesty keeps your protection intact. Even if you only want to take an RV road trip across the US for a few months you will still want to check with your insurance provider and make sure that your coverage is up to date and your RV usage is properly classified.
Protection Conferred on the Recreational Vehicle
Different types of RV insurance exist for different reasons. An RV owner needs to determine what they actually need and to what extent they need coverage. The most common types of insurance for the physical RV are Collision Protection, Uninsured Motorist, and Guaranteed Total Loss Replacement.
A Guaranteed Total Loss Replacement plan is typically applicable to newer RV’s. It is a more expensive plan but will provide as identical of a replacement as possible for the covered RV. Uninsured Motorist functions the same way that the equivalent automobile insurance does, providing protection against the uninsured. The coverage offered by Collision Protection will pay for damages and repairs even including a full collision.
Protection for the Valuables in the Recreational Vehicle
Specific possessions stored in the RV may fall under an insurance plan. High dollar items typically require a specific type of insurance to provide protection. Common items requiring additional insurance include things such as high dollar electronics, guns, and other sporting equipment. Consultation with the insurance agent should be able to shed light on how these items would need to be insured with their company.
Additional Protection and Policies
There are other RV insurance policies that are available that will provide needed coverage for those seeking it. Popular choices include policies like Vacation Liability, Travel Insurance, Emergency Expense, and Towing and Labor. Vacation Liability provides a set amount of protection for when your RV is actually stationary. It is a good option for owners that stay at campsites or RV parks regularly.
Emergency Expense and Towing and Labor policies both offer protection in the event the RV breaks down. Towing and Labor is fairly self-explanatory and will cover an amount up to what is stipulated in the policy. Emergency Expense is for a situation that results in needing money to get something done immediately to get the RV back on the road. This will provide funds for things like needing to call a mechanic to get a flat replaced should there not be one available.
There are many different RV insurance plans available to help protect the owner and vehicle. The choices will largely boil down to how exactly the vehicle is to be used and the specific needs of the owner. Honest exploration of what needs to be protected and protection offered with an insurance agent will help them formulate a sound plan. An RV owner does not necessarily want to find themselves stranded with the insurance they paid for fleeting away because they misrepresented themselves or under insured their investment.
Credits: Samantha is a writer that contributes for a website designed to help consumers compare car insurance online. When she is not researching auto insurance tips she can usually be found playing tennis.
