Tips on Insuring your RV from GoRVing.com.
Why RV Specialty Insurance?
Your RV, whether new or old, is a special vehicle requiring special consideration. Just as you wouldn't go to your family doctor for a toothache, you shouldn't go to a general insurance company to insure your RV.
An RV is a home on wheels. RV specialty insurance is a unique blend of auto and homeowner's insurance coverage, yet the price is typically comparable or
less expensive than standard auto insurance.
What's Special About RV Specialty Insurance?
Total Loss Replacement (TLR) Coverage is a major difference between a standard auto policy and a specialized RV policy. With TLR coverage, if your
RV is totaled, the insurance company either replaces your RV with a new one or pays your initial purchase price, depending upon the age of your unit.
* Agreed Value Coverage is offered for classic coaches and bus conversion vehicles that don't have a standard market value. With a bill of sale or qualified appraisal, you can lock in the coach's value up front.
* Full-Timer Coverage - Without a homeowner's policy, RVers who live in their vehicles full-time are left with major exposures. Personal liability, additional living expenses, and stored personal effects coverage are
included in RV specialty policies to protect full-timers' unique needs.
* Experienced RV Claims Handling - While you may never experience a serious loss with your RV, RV specialty insurance companies give you peace of mind
knowing that your claim will be handled by professionals with RV experience, not simply standard auto adjusters.
* Diminishing Deductible Coverage is designed to reward good drivers by reducing comprehensive and collision deductibles by 25% for each claim-free year. If a loss occurs after four-claim free years, you pay no deductible on your claim.
* Personal Contents Coverage covers personal property, such as housewares, tools, clothes and sporting goods. A homeowner's policy may provide coverage, but there are often limitations to coverage for off-premises property, items in storage, or belongings damaged in a collision. RV specialty policies replace stolen or damaged items at full replacement cost.
Other Benefits of RV Specialty Coverage
* Add-Ons and Tow Dollies Included - Most RV specialty policies automatically cover items like awnings, antennas, external racks, and satellite dishes for no additional charge. Additionally, tow dollies and trailers are often included in coverage.
* Emergency Travel Expense - If your RV is incapacitated due to a covered loss, most RV policies cover the cost of a rental car and/or hotel room while your RV is being repaired.
* Campsite Liability - RV specialty policies accommodates the unique risks involved in the RVing lifestyle. If someone is injured at your campsite, your liability exposure is covered up to policy limits.
* A Variety of Discounts - Be sure to ask about all discounts offered by an RV specialty insurance carrier. Membership in an RV club, supplemental braking systems, or completion of a safe driving course are just some of the discounts available on a state-by-state basis.
The Final Word
If you currently own an RV, review your policy to be sure you have the protection described above at a reasonable price. If you are thinking of buying an RV, be sure to discuss with an RV-experienced agent or insurance company the availability of these coverages. Protect yourself by properly insuring both your investment and RVing lifestyle with RV specialty insurance.
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