With the summer season in full swing, many families are hitting the roads in their Recreational Vehicles (RV’s) for some quality vacation time.
In order to ensure the safety of those on board and to make their summer adventure a memorable one, purchasing RV insurance is a must.
A common misconception among new RV owners is that RV insurance covers them similarly to car insurance. However, auto policies are not designed to insure the special needs of an RV owner. This is mostly due to the fact that an RV is a much larger financial investment with larger responsibilities.
RV insurance is important when faced with issues such as roadside assistance and towing, accident collision, theft, and personal liability. Due to the size of RV’s, it’s essential to get RV insurance. Their dimensions make the extremely susceptible to RV Insurance Claims. For five of the most important RV insurance tips, read on with this excerpt from families.com.
Five Important Insurance Tips For Your Recreational Vehicle
#1 Roadside Assistance and Towing
- The standard auto insurance policy may include or offer towing and roadside assistance, but many standard auto policies may exclude this service or offer very limited coverage. The auto policy may allow for towing but generally only up to a specific limit. RV’s can cost three times more to tow and this may mean additional costs to the policyholder[…]
#2 Involved in an Accident
- Standard personal auto insurance will handle claims under the auto division. An Adjuster normally dealing with auto claims may be assigned an accident with an RV insured on a standard policy[…]
#3 Stolen or totaled
- Standard personal auto insurance will generally pay the Actual Cash Value (ACV) for stolen or totaled RV’s. This means the market value as determined by third-party sources[…]
#4 Personal Property Stolen from the RV
- Personal auto policies don’t pay to replace lost, stolen or damaged personal property[…]
#5 Personal Liability While On the Road
- When an RV is parked at a campsite, the owner of the RV may be liable for the area around it. If someone trips and falls the RV owner may be held responsible for any injuries. Most personal car insurance policies exclude this kind of coverage[…]
So while you can add your recreational vehicle to your auto insurance policy, it doesn’t mean that you should. In most cases it’s worth taking out RV insurance to get the most for your insurance dollars. RV Insurance is an excellent venue for protection because of the many things that could go wrong.
Contact TJ Woods Insurance Agency to speak with one of our agents regarding the pros and cons for your RV insurance needs. We’re always happy to help and will always guide you toward what is best for you.
