RV insurance covers one of your most unique assets. Once you have made such a huge investment, you must find the right coverage for your recreational vehicle. You may be surprised at some of the different variables that could impact your policy.
The Size of Your RV
If you have a large recreational vehicle, look over your auto insurance policy carefully. You may not be covered under normal auto insurance if you have a truck bed camper.
Travel Trailer Coverage
Generally, your auto insurance covers RV travel trailers, but you may still need RV insurance. Why? Because regular insurance only covers a trailer when it is attached to your vehicle. Auto insurance will not cover your motor home. So, purchasing RV insurance is the easiest way to protect your asset in any situation.
Life is unpredictable. An emergency could occur when you least expect it. If you live in your RV full time, think about severe weather damage. A hurricane or tornado could damage your RV. Adding emergency coverage to your policy protects you by reimbursing you for any living expenses that you pay as a result of your RV suffering the damage.
As you search for RV insurance, learn the differences between Actual Cash Value, Agreed Value, and Total Loss Replacement. Actual Cash Value describes the market value of your RV based on a third-party appraisal. Agreed value acknowledges that you and your insurer are on the same page regarding the value of your RV and the amount of coverage you will receive. Total Loss Replacement impacts you if your RV suffers extensive damage. Your insurer will help you find a new vehicle. You are also covered if your RV is lost or stolen within a couple of years of ownership.
Urgent Roadside Assistance
If you do not have the proper coverage, a mechanical failure could be a financial disaster. Towing an RV is substantially more expensive than towing a regular vehicle. That’s why urgent roadside assistance coverage is essential. You are covered if your RV needs to be towed, you run out of fuel, or your battery needs to be charged.
You are covered for any damage that occurs around your RV. Liability coverage protects you if your RV damages someone’s property. You are also covered if a person is injured. RV insurance covers their medical bills. Any passengers on your RV are also covered if they suffer an injury. Make sure that your policy has relatively high coverage limits.
If you plan to keep your RV in storage for an extended period of time, you may need to add extra coverage. Accidents can happen even while your vehicle is in storage. So, you can add extra protection.
Replacing Stolen Goods
Your RV likely hosts a lot of prized possessions. Add replacement coverage to your policy so that you will be covered if your property is vandalized or stolen. This process takes the financial weight off your shoulders if you need to replace some valuable items.
While researching RV insurance, don’t neglect any information regarding your deductible. The deductible is the amount you are responsible for paying before the insurance company takes over the claim. Make sure that you are comfortable with the deductible before you agree to the policy.
Consult with Scautub Agency, LLC
Look over these variables before purchasing RV insurance. This will help you stay covered in any situation. If you have any questions regarding coverage, contact our agents here at Scautub Agency.