One common question among RV owners is whether or not they need separate insurance policies for their normal vehicle and RV. While many car insurance policies cover some aspects of a recreational vehicle, they are almost always insufficient. Even if you don’t spend a significant amount of time in your RV, it’s always smart to at least have some form of specialized coverage for it. Luckily, you can probably get a supplemental RV policy from your current insurer and they typically come at a reasonable rate. You may even be able to suspend RV policies when the vehicle is not in use. Here’s a look at some of the popular forms of RV insurance coverage:
Special Types of RV Coverage
Replacement Cost of Personal Belongings
While your normal auto insurance policy may cover the loss of certain belongings in your vehicle up to a certain amount, it probably doesn’t cover everything in an RV. Your RV may contain more valuable items, such as a television, laptop computer, or home appliances. An RV policy gives you the option to insure all of your personal belongings against theft or disasters.
Full Time Liability
This type of RV coverage is meant for RV’s being used as a stationary residence. It’s actually more comparable to home insurance, as it provides liability coverage for people who are injured on or around your RV.
Camp Site Liability
Similar to full time liability coverage, this is meant for people living in their RV for only a short time. It’s often a good option for people taking their RV on vacation and like windshield replacement coverage, it may is a worthwhile investment.
Emergency Expense
Imagine you’re driving your RV cross-country and the engine has a major breakdown half way there. This unfortunate situation happens all too often to travelers, which is why emergency expense coverage makes sense. As long as the breakdown or problem occurs a certain distance away from home, usually 100 miles, your policy will cover lodging, meals, and travel back home.
Higher Liability
As you know, RV can be extraordinarily large and can potentially cause significant damage to other vehicles in an accident. Fortunately, there are RV policies that allow you to get a higher liability amount, protecting you in case of an accident.
Suspended Collision Coverage
RV’s are expensive to maintain, so saving any money on insurance is usually a welcome reprieve. With suspended collision coverage, you can freeze aspects of your RV insurance when your vehicle is in storage for long periods of time. This make sense for people that only travel during certain times of the year.
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Do You Need Boat Rental Insurance?
Rental boats are usually insured for liability by the rental company. However, renters may still be liable for damages and boat insurance deductibles in some cases. Read on to find out if you should buy insurance for your boat rental.