Insuring your RV is definitely different than insuring your standard automobile. Believe it or not, insuring your recreational vehicle is also a lot different from insuring your home! RV owners hold unique characteristics which require a specialized policy. Let’s go over some important information that all recreational vehicle owners should know about their insurance.
Your recreational vehicle stores all of your personal items while you are RVing. Making sure that you carry personal belongings coverage, also known as contents insurance, is crucial. You simply carry more items in your RV than you would opposed to in your everyday vehicle. Things like bicycles, camping gear, cooking equipment, clothing, cameras, bedding, and everything else are stored in your RV. If your recreational vehicle was destroyed in a fire or broken into, you would lose all of these items. In the event of a disaster, you want ensure you have contents insurance on your recreational vehicle policy.
What is the value of your RV? For many this is a difficult question to answer because of depreciation and what sort of loss you would suffer. For example if you live in your RV full time, you would suffer a larger loss than if it was your seasonal, vacation vehicle. However, dollars are dollars and you should make sure that your replacement cost on your policy reflects your recreational vehicle.
All of the attachments and options located on the exterior are another thing you should consider on your recreational vehicle policy. You should make sure that satellite dishes, antennae’s, awnings, and solar panels are covered under your policy.
Although RV usage is normally seasonal, your insurance will vary depending on how much time you spend using it. If your recreational vehicle is not in full operation throughout the winter months, you don’t need to worry about paying for collision or liability. However, you need to have storage insurance! You need to consider where to park your RV when it is not being used. A locked garage is the best option, as the outdoor environment can bring on potentials risks such as wind, ice and theft.
However if you do live in and use your RV full-time, we advise that you invest in full coverage. When you are RVing every day of your life, you are literally carrying your whole life with you. You are giving up your home; therefore you are also giving up your personal liability coverage.
Insurance is peace of mind, and the brokers at Baron Insurance are here to give that to you. We want you to understand your policy. Come in and talk with an agent today about your RV policy!