rv camper insurance - can be tricky but not impossible
RV Camper Insurance
RV camper insurance shopping can be tricky but not impossible. There are insurance companies that specialize in RV insurance and they offer motorhome-specific policy features that you won't find on a standard auto insurance policy. These motorhome-specific policy coverage's are priced on the recreational use of the RV as opposed to regular automobile policies. They keep in mind that RV's are not used as frequently as regular commuter vehicles.
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The coverage on a RV-specific policy is comparable to and more likely to be less costly than the regular standard automobile coverage. The pricing and rates are determined by which state the RV is registered in, how often it is used, and the overall value of the motorhome itself. It's very convenient because insurance agents who do |
offer the RV specific insurance policies understand the RV lifestyle and will offer a variety of different coverage's to match different each RVer's specific needs.
It's a relief and so comforting to have your claims handled by someone who understands how motorhomes are built and has an overall understanding of the motorhome itself. They are more capable of negotiating correctly and fairly, the cost of damages that may occur to your motorhome. You may think that a regular automobile insurance company would be sufficient to provide great coverage for your motorhome but this is not always the case. This is not just a car or a truck, this is a home on wheels and there are many different things to think about with insurance coverage. The most basic part of any vehicle insurance policy is liability coverage and the coverage of bodily injury, and property damage you might cause to others while driving your vehicle. If you add your motorhome to your insurance policy, it will usually have the same exact liability limits for both vehicles. You need to understand that the coverage on a regular vehicle may be fine for an accident with a regular vehicle but a large motorhome may cause a lot more damage in an accident and your coverage may not be enough to cover it. Again, specialty RV policies will give you a much broader liability protection than basic auto coverage.
In a standard auto policy you have coverage on a few things that may be in the vehicle sometimes but those policies definitely do not cover the variety of things you will be keeping in your motorhome. Think about clothes, dishes, computer equipment, keepsakes, sporting goods, and more. These will need to be accounted for if damaged in an accident. Homeowners policies usually cover these types of items but there are different rules and regulations when they are away from the house and more than likely won't be covered. Homeowners' coverage almost always excludes damage caused by a collision. Full-time RV'ers that are traveling without a homeowners policy will pay out of pocket for items that are destroyed.
Remember, RVs lose value as soon as they are driven off of the dealer's lot. There is a great way to help with this issue. RV specialist agents offer TLR which is Total Loss Replacement. Total Loss Replacement will provide you with a comparable new motorhome if you have a total loss in the first five model years, this will protect you from significant depreciation. Lets say a total loss occurs after the five model years, then you will be paid the purchase price for the motorhome. Keep in mind that with a regular auto insurance policy you would only get the actual cash value if this occurred and that is usually not even enough to pay off a loan for the vehicle.
If you're an owner of a bus conversion or a classic you may have a problem proving the vehicles worth when there's is no standard market for it. However, an RV specific policy can give you a solution to this problem by offering Agreed Value Coverage. Agreed Value Coverage will lock in the value of the vehicle based on the bill of sale instead of a big fuss over the current value of the motorhome. This is a great convenience.
There is always a chance when traveling that something goes wrong and you need assistance. Well, with the RV specialty policies you will usually get free towing and roadside assistance. Your motorhome will be towed to the nearest service center that is capable of servicing a motorhome and usually you won't pay anything out of pocket. Another great aspect of the RV specialty insurance policies is that they may offer Emergency Expense Coverage. This will provide you and your passengers with lodging and transportation if your motorhome is unable to be used due to an accident, fire or other covered loss. This is very convenient because a motorhome serves as both transportation and a hotel many times while traveling.
There are many people who live and travel full time in their motorhome. For these people you need to look into coverage that will provide you with the costs of a hotel, rental car or airfare in case of an unexpected accident. Because in that case, you have not lost just your vehicle but your home. And this type of coverage would be extremely helpful to you. Also, for full timers there is no longer comprehensive personal liability coverage but with an RV specialty insurance company they can protect you and your belongings in case of a strange occurrence like someone tripping over your campsite and you being liable.
Some specialty RV policies also offer a feature called Disappearing Deductibles. This feature is nice because for every year that the drivers are claim free, they are given a reward with a discount on their deductibles. If drivers go four years without a claim, your deductible will zero out and you will pay absolutely nothing on your next claim. Everyone loves a discount. Be sure to ask about discounts when you're shopping around for insurance on your motorhome. Sometimes you can take a safe driving course or if your motorhome has anti lock breaks or an anti theft alarm system you can be eligible for a discount. Also, some companies offer discounts for being a member of a motorhome club like Good Sam Club or AAA. Besides determining the type and amount of insurance coverage for your motorhome, finding a knowledgeable agent is important. Talk with friends and look for motorhome club endorsements. It's a good idea to shop around, because rates and coverage may vary by insurance company.
You'll not only want to find the perfect insurance for your needs but its definitely a plus to get a good knowledgeable agent to help you with all of you needs as well. You'll definitely want to select an insurance company that has proven stability and a great track record as well. Ask around and find one that you feel comfortable with. Rates and coverages vary so be sure to shop around and look into different ones and what they offer before buying RV camper insurance.
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