An RV, or recreational vehicle, makes it easier than ever for just about anyone–from young families to retirees–to travel around the country. There is no guessing about the condition of hotel accommodations, no worries about missing flights, and meals can be had at home which saves on the expenses of eating out. Most RV’s have more than enough storage space, nice lounging areas, and all the amenities to keep you comfortable. All-in-all, RV travel is an economical way to travel.
There is one expense that is vital, however, and that is insurance coverage on your RV. There are different types of policies, depending on your needs, and each policy may include even more options. For example, basic liability coverage can come in handy when the unexpected happens. Here are a few coverage options that are available in RV and motorhome policies.
- Comprehensive and Collision Coverage: If the recreational vehicle is not paid in full, most finance companies require collision coverage and liability insurance. This insurance is important for covering accidents. Should an accident occur, your RV is covered, no matter which party is at fault—even if it is the other guy. Even if your financial institution does not require it, this coverage is still highly recommended.
- Uninsured Motorists: Due to the number of people driving without insurance, this is a vital part of any RV insurance policy. This insurance is pretty self-explanatory. It covers any accident where the other driver is uninsured and at fault.
- Roadside Assistance: You should have this type of insurance coverage for any vehicle you own, not just your RV. This is the insurance that comes in handy when you experience something like a flat tire. Roadside Assistance insurance can help you get back to your travels. It can also help in other areas such as having somebody bring you a spare key if you lock yourself out. Keep in mind that it may cost a bit extra for the key. Some roadside assistance policies also provide funds when the situation requires a mechanic, some allow for battery replacement, low fluids, and entrapment.
- Theft Protection: Theft protection, included in your insurance policy, means you will be guaranteed funds so you can replace anything confirmed stolen or damaged in or on your RV. This is especially important if you live in your RV for extended periods of time, or if it is your permanent residence.
- Emergency Insurance: Your roadside assistance policy or regular insurance policy covers many emergencies, however, you may want to consider purchasing a separate emergency insurance policy to help fund those other cases. For instance, renting a temporary vehicle while your RV is being repaired. Emergency insurance is appropriate whether you use your RV for pleasure or when you travel longer distances.
These are just a few of the insurance options available to recreational vehicle owners. Be sure to explore all of your options before deciding which policy best meets your needs. Don’t forget, it may take more than one type of policy to ensure you and your RV are completely covered.