Have you purchased an RV and are now looking for the best type of insurance for your investment? If so, there are different plans that are offered by the insurance companies that can be tailored to the owner’s needs. This article will focus on the types of insurance policies that are available and a few tips in selecting what you will need to have for insuring your RV.
The first thing to understand about RV insurance is to know what kinds of RV you own. One of the big pitfalls about insuring a motor home is insuring the wrong type. For instance a Mini Motor Home class C is a motor home that is 20 – 28 feet in length, versus a Conventional Motor Home class A that is 21 – 45 feet in length. Be sure to ask your dealer about which type of motor home you are buying. It will come in handy when deciding what policy is best for you.
Another pitfall to avoid is insuring a travel trailer and not a motor home. A motor home is a drivable camper that moves along much like a bus or large truck. A travel trailer is something that has to be pulled by another vehicle like a pickup truck or van. RV insurance will focus on different aspects of each one of these types.
The types of plans that are offered by most insurance carriers vary by needs. Most policies carry the basic coverage that includes, Bodily Injury and Property Damage Liability. These limits cover another person if you are the party at fault in an accident. Uninsured, Underinsured and Medical are also part of the liability policy but depending on the state in which you live may be optional coverage’s. The Comprehensive and Collision coverage’s pay for damage to your vehicle in the event of damage from an accident or natural disaster. Roadside Assistance provides roadside services in the event of breakdown while traveling.
It is always best to consult a trusted insurance agent when considering buying RV insurance. Each policy can be tailored to meet your situation. For instance if the RV you have is really old you may only consider carrying liability insurance to help keep costs down. On the other hand, if your RV is new or you have a loan on it you may need to carry physical damage coverage in order to fix bodily damage to the unit. When shopping for insurance always look at several options before buying a policy. Each policy varies in price one company from the next.