RECREATIONAL VEHICLES Insurance – Customer friendly
Buying a new RV and insuring it is not as simple as buying a new car and adding it to your current policy. Recreational vehicles insurance actually blends many of the elements of home and vehicle insurance, and this means that owners will need to carefully consider exactly what type of coverage they would like and what steps they can take to save on monthly premiums without reducing the quality of their coverage.
Buying, Leasing, and Renting
One of the biggest factors when it comes to the structure of your policy is if you own the vehicle or not. Those that own these vehicles will have much more freedom when it comes to the level of coverage that they would like. Those that are leasing or renting their RV will need to speak with the company that owns the vehicle to determine the style of coverage that is needed.
What Type of Coverage You Need
Just like cars and trucks, all operational RVs and those that are parked on public roadways must be insured. In addition to meeting state minimums, there are some factors that will determine the amount and type of coverage that is needed. Where the RV is parked and how much it is used will be one of the biggest variables and could alter the premiums by quite a bit. Recreational vehicles that are parked in a safe area, driven infrequently, and have great security features will have the lowest premiums. The other major factor is the total value of the RV and its contents.
Other Forms of Coverage
Damage to the vehicle itself is only the beginning when it comes to this form of coverage. RV owners will also need to consider what else they would like covered inside and outside of their recreational vehicle. If your RV is home to newer electronics or collectibles, then these will likely need to be covered as well. Owners may also want to consider liability coverage for any injuries that take place inside. Liability coverage often extends to the owner’s family, friends, guests, and even trespassers.
Recreational vehicles insurance is the single best way to protect these investments, your possessions, and those inside your RV.