How to Choose the Right RV Insurance
Since there is so much variation with individual policies, buying Recreational Vehicle (RV) insurance can be a somewhat confusing process. Knowing which one is right for you depends on the type of RV you own, your individual needs, what state you bought it in, and a few other things that need to be taken into account.
Type of RV
Coverage also depends on the model and type of RV you have. RV Trailer Insurance as a specialized policy is better than extending your auto insurance policy because your existing auto insurance only will cover the RV as long as it is hooked up, leaving you without any protection for indeterminable amounts time. If you have a motor home, it can also be included on your existing auto policy, but on a continuous basis. However, keep in mind that the amount limits on these policies do no cover as much as a Motor Home Insurance policy will. Motor homes are generally much more expensive than other types of vehicles, so you would stand to lose quite a bit if anything happened.
Individual RV Coverage Needs
RV insurance companies offer different policy options, depending on individual needs. If you reside in the RV on a permanent basis, you will need different coverage than if you only use it for vacations and trips.
There are several things to look at if you are going to use the RV as a residence. Full-Timer Liability is like homeowner’s insurance for your RV. This covers expenses, including emergency medical treatment and other related costs that are incurred from accidents in and around the RV. Another policy that is good to look at is one that covers Replacement of Personal Belongings in the case of theft. Specialized RV policies will allow you to specify an amount limit, which permits you to make sure that all the personal property connected with your RV is covered. There are several specialty insurers that offer Accident and Theft coverage. You should check and see the specific type of Accident and Theft coverage is offered (Actual Cash Value, Agreed Value, or Total Loss Replacement), and which of those is best for your circumstances.
Those who use their RV for vacations and trips should consider a few additional options, like Campsite or Vacation Coverage. When a RV is parked at an RV park or campsite, you can be held liable for any injures that happen in the area around it, which could be quite a headache and expensive. This policy will pay for injuries, up to the agreed upon liability limit, if you are held legally responsible for an accident that while you are on vacation. Unforeseen events sometimes happen, and Towing and Roadside Assistance are quite expensive if you have to pay out of pocket, which is why it is good to have this type of coverage in your policy. This coverage generally reimburses food, hotel, and transportation expenses resulting from accidents and breakdowns that happen within a 50 mile radius of your house.
Place of Policy Purchase
Insurance laws vary from state-to-state, and that results in insurance policies doing the same. So, it is a good idea to research different states’ insurance policies, and see which one is better suited to your needs and type of RV.
RV Insurance Companies
There are a variety of online insurance companies that offer a list of assorted insurance rates and premiums. They also generally offer, among other free website services that they provide, free RV insurance quotes. Here are a few:
- Good Sam VIP Insurance
- Twin Peaks Insurance
- Gilbert RV Insurance
- Progressive RV Insurance
- RV America
Some of the terms of the policies mentioned here will vary from company-to-company, but this will give you a good idea of where to start looking and what type of RV insurance coverage is likely to be right for you.