Millions of Americans own all-terrain vehicles (ATV) like snowmobiles, jet skis, boats, and RV’s (Recreational Vehicles), and this number is increasing with every passing year as more and more individuals are choosing to invest in RVs. However, despite their sudden increase in popularity, these specialized vehicle types present some unique difficulties you might not have considered before making your purchase.

Should I Get RV Insurance? 

If you’re considering buying an RV, it may benefit you to consider purchasing additional insurance protection. After all, every category of recreational vehicles has unique hazards and difficulties that call for additional insurance protection. Many forms of RV insurance are available, including comprehensive coverage, which covers every component of your recreational vehicle if you want to safeguard yourself and your valuables.

What Does RV Insurance Cover? 

If an accident occurs while your motor home is on the road, your recreational vehicle insurance will provide you with protection. Even if no one is injured, an accident can cause damages that seriously impact your finances and ruin your RV. So it’s vital to understand precisely what your RV insurance policy covers before you hit the road.

Note that bodily injury and liability insurance are two of the most frequent forms of coverage offered by recreational vehicle insurance policies.

What Will My Coverage Include? 

If your car is stolen or totaled, auto insurance plans pay the actual cash value of the vehicle, but insurers for mobile homes and recreational vehicles often opt to pay out agreed value coverage instead. 

In the case of a total loss or theft, agreed value insurance will reimburse you up to the amount you specify when you purchase the insurance. Some insurance companies also provide total loss replacement coverage which will cover the cost of a new RV similar to the one you already own if yours is stolen or suffers a total loss within the first five years of purchase.

Types of Recreational Vehicle Coverage 

Recreational vehicles come with several distinct risks. For example, if you drive a car, you won’t need to worry about flooding or a weather-related disaster harming your automobile because most drivers have enough coverage to offset those risks with their auto insurance policy. There will always be some things your typical insurance plans won’t cover. You should advise your insurance agent to ensure you have the right coverage.

Partial Versus Full-Time Coverage

Whether you use your RV for a portion of the year or use it year-round depends on your RV insurance. You can, of course, opt to have your vehicle covered at all times if you actively use it throughout the year. However, if you only use it for specific seasons and don’t want to pay for a full year’s worth of protection, you can choose a Storage Option policy that will suspend specific coverage options, like collision insurance, during the months you aren’t traveling, saving you sizable amounts of money yearly.

Considering getting an RV?

Now that you’ve made it to this part of the article, you may be interested in purchasing an RV. Whether you are considering an RV for family vacations or going off the grid, you must have the right insurance coverage. The goal is to avoid over and under-insuring and having the right coverage your vehicle. If you have questions, you can always reach out to us!