Mar 13 2008
Is RV Insurance Right For You?
RV insurance for your recreational vehicle is one of the smartest things you can do to protect what is likely one of your biggest assets. Yes, you can just add your recreational vehicle to your car insurance policy, but will you really be getting the coverage you need should an emergency arise?
Specialized RV insurance will do more than just cover the cost of catastrophic loss; it will also cover items that are permanently attached to your recreational vehicle such as awnings, chair lifts, and antennas.
It is important to consider how often you use your RV when you decide which type of policy is best for you. Some policies, such as the VIP policy offered by Good Sam’s, offer a discounted rate once your RV is parked and in storage. It is important to have the right coverage at the right time for your RV.
An RV is really a mix between a car and a home and your coverage should be a mixture of the two. Of course you want coverage if you are in an accident, but you may also want “homeowner” type insurance for your RV that will provide you benefits should you lose the use of your RV.
Like a good homeowner’s insurance policy, a useful RV insurance policy will provide reimbursement for contents inside the RV and emergency funds should you need shelter and are far from home. RV insurance that has full replacement benefits, will allow you to replace your RV with a comparable, new RV should the one you own be totaled.
The more options you choose for your RV insurance, the higher the cost of your policy. All policies are different and it is best to do some research before committing to one agent. You should always take into consideration the total cost of your RV, upgrades that you have added, and the valuables you have inside so that you have a good idea of what it would cost to replace everything. Then you can begin to weigh your risks and decide which plan is best for you.
If you don’t drive your RV often and only use it for family vacations a few weeks a year, you won’t need an expensive policy. If you live in your RV full time, treat your RV as the home it is and make sure that you have the best insurance that you can afford. You never want to get stuck without your mobile home and no way to replace it.
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