If you own a recreational vehicle or RV, you might believe it is covered by your auto or homeowner’s policy but you would be wrong. Your RV has the distinction of being both lived in and a vehicle you can drive, so it needs a kind of hybrid insurance choice- this would be an RV insurance policy.
RV insurance is essential no matter if you live in your recreational vehicle or just enjoy use of it on special occasions. This kind of policy will compensate you for damage to your RV, including theft of the RV or your belongings within. You will have a choice between market value or replacement value coverage policies and it might behoove you to enlist the help of an insurance professional to lead you in making the best choice for your needs.
Vacation protection coverage is another form of coverage that could beneficial. This is for expenses incurred while out of town in the event of the RV breaking down. Hotel and car rental expenses are paid with this kind of coverage. If you enjoy travel far from home, this could be the right choice of coverage for your situation. It could help you avoid a ruined vacation due to vehicle breakdown.
RV insurance is not just for motor homes; it covers other vehicles as well, like ATVs, golf carts, trailers, etc. You are also able to purchase liability and collision coverage, even coverage for safety apparel, parts, and other items. All can be added to your policy at your discretion. Contact your insurance agent to find the best policy for your particular RV and individual needs.
RV insurance also offers a storage option. This gives you the option to temporarily suspend the RV coverage if the RV is not going to be traveling for a while. Coverage does remain in effect for theft and fire, however. This is a great option for people who only utilize their RVs during vacations and trips.
RV insurance can alleviate the stress of RV ownership and provide peace of mind for you and keep secure your future financial health.