There are so many kinds of recreational vehicles that exist nowadays that a single policy cannot handle every type of recreational vehicle. Not a lot of people own more than one camper. Recreational vehicles or RVs may come in various sizes and shapes.
Travel trailers, pop-up campers, fifth wheels, and motorhomes are all RV types. It may not be required to get RV insurance depending on the kind of RV that you have.
The difference in coverage may come between campers and motor homes. Vehicles that you drive on the road are required to have insurance, and that includes motor homes. It is necessary to have the minimum liability for your state to drive legally. There is additional coverage available that you may get if the lender requires.
Motor Home Standard Coverage
Bodily Injury & Property Damage Liability
Limited Property Damage
Personal Injury Protection (PIP)
RV insurance is optional, according to most state law, since they tow campers behind a vehicle, and no one drives it. However, lenders may require full coverage to secure their interest. It is recommended for new campers to carry full coverage to avoid loss in investment. The coverage is optional if you don’t have a loan.
Standard Camper Coverage
Other than the RV policies, companies may also offer coverage that is specialized.
Dedicated coverage may be handy in case of a loss. It includes things that you may not think of before a claim like personal effects and custom equipment that may be costly if it is not part of the RV policy. Companies usually offer individual coverage for both campers and motorhomes.
Total Loss Replacement
Replacement of total loss is usually available on RVs that were previously untitled up to a year old. Other RVs may get insurance for their actual cash value or agreed value. It may be difficult to make a claim so make sure that you are aware of what is on your policy, so you will not be surprised if you experience a loss.
An important coverage for RVs that have custom parts is custom equipment. You may want to increase the automatic limit if you tricked out the exterior or upgraded your interior. The standard policy usually comes with coverage that has a limit of $1000. It is easy to go above the usual limit because of the custom equipment’s high price. If you are customizing your RV, always check your investment in equipment that is customized.
A frequent inclusion is vacation liability that has a set limit of $10,000 as long as you select collision and comprehensive coverage. It will pay the specified limits for property damage and bodily injury from any accident that happens while using the RV as a brief residential vacation. There are higher limits available. Pleasure users may get the vacation liability.
The towing of a disable RV is under coverage of roadside assistance. They will provide towing to the closest qualified repair facility as well as the necessary labor during the place and time of disablement because of the following:
Mechanical or electrical breakdown
Entrapment in sand, snow, mud, or water within 100 feet of the roadway
Insufficient supply of fuel oil, water, or other fluids
The personal effects are usually not included in an RV policy. Personal effects coverage will cover belongings in a covered loss while you are on vacation in an RV. The homeowner’s policy may cover belongings, but a deductible may apply. Verify the coverage by checking your homeowner’s policy.
Specialized coverage is only dedicated. Getting insurance for your RV including all of the extras will be great. Make sure that you are clear with your agent whenever you purchase a policy, so you will not pay more for the whistles and bells. The things mentioned above should be automatically there without additional charges.
A favorite form of vacation for many is the RV. It provides a great escape from suburban and city life. Enjoy your vacation without any worries about potential losses. Check if you need RV insurance and what coverage.
At the Velox Insurance, we take pride in making sure our clients are well protected at prices they can afford. To learn more about how we can help you, please contact our agency at 770-293-0623 or Click Here to request a free quote.