Here’s What You Need To Know About RV Insurance

No one likes to think about insurance. But whether you are heading out for a vacation or live in an RV full-time, insurance is something that you need to consider.

Many times people are tempted to just get the cheapest or quickest coverage just to get that task over with so they can move on to more fun travel plans, but having the wrong insurance or being underinsured for what you are wanting to do can lead to trouble if you end up needing to call on your insurance policy.

Recently I had the opportunity to ask my insurance agent some questions about RV insurance, and in particular what might be needed for full-time RVers. Although our particular insurance company does not cover full-time RVers, he offered some sage advice and things to consider when looking for an insurance policy.

insurance
Know what needs to be covered.  Photo by Greg Gjerdingen

Q: What is your number one piece of advice to give to someone looking for RV insurance?

A: Be honest and truthful about your plans, your needs, and what needs to be covered. An insurance agent can’t read your mind and has no idea if you plan to travel with that priceless piece of art, an expensive bike, or are going out of country.

Q: Is an RV considered a vehicle or a residence? Are contents covered or just the vehicle?

A: For many policies, the RV is covered off of the RV insurance and any personal property inside the RV would be extended from your home insurance policy. In the case you have no home or renters policy and the RV is your only home, you would want to talk with your insurance company to make sure they add personal property to your policy and that it would be covered if a loss occurred in your RV.

Q: What are some of the biggest mistakes you see people make in terms of RV/motorhome/camper insurance coverage?

A: Not checking with your insurance carrier to see how your policy works in the event of a claim. Not all insurers who cover RVs, camping trailers, or motorhomes are designed to cover them if they are your primary residence.

It is important to check with your carrier to find out if they provide personal liability coverage and coverage for your contents. Additional living expense (money to live somewhere else while your trailer/motorhome is being repaired) is another important consideration if this is your primary home.

Another important question to ask is, “What kind of towing/road service coverage does my policy provide?” A tow for an RV can become expensive quickly. A robust towing coverage can be a huge plus.

Does your insurance cover if your RV needs to be towed? Photo via Youtube

Q: What insurance considerations should you be thinking of if you are looking to sell your home and become a full-time RVer? How would typical “homeowner’s liability” work for something like a dog bite or a fire or theft?

A: Personal liability is an important (and usually relatively inexpensive) coverage that would want to continue carrying. This shouldn’t be confused with the automobile liability (bodily injury, property damage, uninsured, and underinsured motorist coverage) which you are required by law to carry in order to operate your vehicle on public roads.

Ideally, your liability limits would be greater than or equal to your net worth. Personal liability traditionally will cover defense costs and damages for dog bites. Though some policies exclude certain breeds and have a reduced limit for dog bite claims. This is another good reason to talk with your company to confirm what your policy will cover.

Q: How is full-time nomadic RV insurance affected as you move between states, or other countries (travel to Canada, for example)?

A: Again, it comes back to your policy. Insurance is regulated differently in each state and it will be up to your policy contract.

Q: What additional coverage should people consider that would not fall under a typical policy?

A: Most home insurance policies settle losses on a replacement cost basis. This means that if there is a loss, the insurance company will replace the item at today’s cost and not depreciate the item based on its age. Most auto insurance companies settle on an actual cash value basis. Actual cash value is not as desirable as the insurance company will pay what your “used” item was worth.

Some companies will settle trailers/motorhomes on a replacement cost basis. This coverage may only be available for the first several model years but it is worth asking about as it can make a significant difference at claim time.

For expensive items, such as jewelry, art, expensive bikes, ATVs, etc, you should disclose these items to your agent so they can determine if you might need additional insurance riders for these expensive items.

Q: What discounts might be available?

A: Depending on the type of policy, your credit rating and driving record are still major factors that determine the rate. In addition, discounts may be available for things like garaging location or multiple policy bundling (ie home, life, auto).

Q: How is liability handled for things like injuries resulting from someone tripping on the picnic table at your RV spot (that isn’t yours, but may or may not be part of a formal campground)? Bear damage?

A: This is another example of why you want to carry personal liability coverage. People can sue you for many reasons…even for things you don’t feel you are responsible for.

The job of your personal liability insurance is to defend you against lawsuits, frivolous or legitimate. Bear damage losses would be covered as long as you carry comprehensive coverage on your auto policy.

insurance
Comprehensive coverage will cover RV theft. Photo via Wikipedia

Q: If there is a total loss or someone steals your RV and it is your primary residence, what would be covered?

A: Again, this comes back to the type of policy you carry. As long as you carry comprehensive coverage, the theft of your RV would be covered. As long as you elected to include personal property on your policy, contents would be covered too.

Q: What other recommendations would you give to people when they are looking to find a policy for either a full-time RVer or recreational RVer?

A: Another “auto” related coverage is personal injury protection (PIP) or med pay (depending on your state). If you carry a high deductible on your health insurance plan, having increased medical payments coverage on your auto policy can be valuable. The medical payments coverage will only pay if there is an auto-related injury but is an option worth exploring.

Check with your insurance agent to ask about their coverage options for your RVing needs, or visit the consumer advocate website for a list of companies that offer insurance plans specifically for full-time RVers.

The post Here’s What You Need To Know About RV Insurance appeared first on RV Life.


Source link

15 thoughts on “Here’s What You Need To Know About RV Insurance”

  1. What you said was actually very logical. But, consider this, what if you
    were to create a killer post title? I am not saying your information is not good, but suppose
    you added something to maybe get a person’s attention? I mean Here’s What You Need
    To Know About RV Insurance – RV Blogger is a little vanilla.
    You ought to look at Yahoo’s home page and see how they create post headlines to get viewers interested.

    You might try adding a video or a related pic or two to grab
    people interested about everything’ve got to say. Just my opinion, it would
    make your website a little livelier. https://www.wmtips.com/tools/keyword-density-analyzer/?url=http://www.mbet88vn.com

  2. What you said was actually very logical. But, consider this,
    what if you were to create a killer post title? I am not saying your information is
    not good, but suppose you added something to
    maybe get a person’s attention? I mean Here’s What You Need To Know About RV Insurance – RV Blogger is a little vanilla.
    You ought to look at Yahoo’s home page and see how they create post
    headlines to get viewers interested. You might try
    adding a video or a related pic or two to grab people interested about everything’ve got to say.
    Just my opinion, it would make your website a
    little livelier. https://www.wmtips.com/tools/keyword-density-analyzer/?url=http://www.mbet88vn.com

  3. You mean like when we sing praise songs in Church??

    Larry requested and daddy nodded. ?Properly
    I could make up a worship song.? So Larry jumped to his ft
    and commenced to make up a music to a very unhealthy tune.
    ?Jesus is so cool. Its fun being with God. Hes the funnest God anyone might have.?
    Larry sang very badly so Lee had put his fingers over his ears.

  4. If you happen to be going to another city and locate that there’s a good show for the reason that
    city, you can’t look at different companies for the box office, stay at home a line
    and get the tickets. While online machines offer the players the
    chance to decide how much they elect to wager,
    these online video poker machine provide that same sense of strategizing and negotiations with oneself frequently yearned for
    by players who miss the land-based casinos. The Open Video Project: This
    is site which has a huge assortment of digital video for sharing.

  5. The great thing relating to this DVD is you can do the dance exercises anytime, without
    having a partner. There they were, anticipating their forthcoming experience
    and joyously reliving the past one — Peter, Susan,
    Edmund, and Lucy, inside guises of actors William Moseley (now a dashing 20-year-old), Anna Popplewell (a newly minted Oxford freshman), Skandar Keynes (with vocal octaves much
    deeper at 15), and Georgie Henley (approaching teenhood, an excellent six inches taller than we last
    saw her). Now you’ve taken that all-important initial step
    and so are reading this article report about games and online community, you might be within the unique and
    privideged position of being amongst a gaggle of pioneering entreprenuers
    who already know about this and therefore are taking affirmative action.

  6. Hi! Someone in my Facebook group shared this site with us so I came to take a look.

    I’m definitely loving the information. I’m bookmarking and
    will be tweeting this to my followers! Superb blog and outstanding design.

  7. You can now easily login in your favorite online casino
    and click on the mobile tab. Not everybody is able to find the best site to be able to benefit from the
    cheap deals and entertainment though. A quick examine five big factors
    that may help you restrict the field when developing a
    night at the dogs. https://m.cff100.com

  8. You can now easily login in your favorite online casino and
    click on the mobile tab. Not everybody is able to find the best site to be able to benefit from the
    cheap deals and entertainment though. A quick examine five big factors that may help you restrict the field when developing
    a night at the dogs. https://m.cff100.com

  9. I think that what you composed was very reasonable.
    But, what about this? what if you added a little information? I ain’t saying your information isn’t solid., but suppose you added a post title that makes
    people want more? I mean Here’s What You Need To Know About RV
    Insurance – RV Blogger is a little vanilla.

    You should look at Yahoo’s home page and watch how they create news titles to grab viewers
    interested. You might add a video or a picture or two to
    grab people excited about everything’ve got to say.
    In my opinion, it could make your posts a little bit
    more interesting.

Leave a Reply

Your email address will not be published. Required fields are marked *