The Walters Agency
Get A Recreational Vehicles Insurance Policy To Protect Your Investment
A recreational vehicles insurance policy protects you if you suffer a loss involving your RV. Your specific situation determines how much coverage and the type of insurance options you need to get. Situations to consider include whether you rent or own the RV and whether you are full- or part-timer.
Who Needs It?
Rental agencies and finance companies often require that you have insurance coverage for your RV. This is because they want to protect their property. Youre responsible for anything that happens to the RV while its in your possession. Also, state laws require liability insurance coverage for any vehicle you drive on the road. RV insurance might be optional if you own it outright and don't drive it anywhere. You also might have some coverage with your auto or homeowners' insurance policy, but it's prudent to get an RV insurance policy. That's because these policies are designed specifically for your RV.
A standard recreational vehicles insurance policy includes the same options like an auto insurance policy. For example, you'll get coverage for bodily injury and property damage. You also can get coverage for uninsured motorists and personal injuries. These policies also include property and collision protection just like your car insurance policy. If you live in your RV full-time, you need full-timers coverage. This coverage includes options like a homeowners insurance policy.
You also can include special options in your policy. For example, if youre the original owner and your RV is new, you might get total loss replacement coverage. For older or used recreational vehicles, you can insure the RV for a specific amount. You also can get insurance coverage for custom features, which is necessary if you upgraded items in your RV. Other options include roadside assistance, campsite and vacation liability, and storage.
Why You Need It?
When you rent, own or finance an RV, you invest a sizable amount of money, so you need to protect your investment. If you damage your RV, it might be costly to repair or replace. Also, recreational vehicles C15are huge and if youre in an accident, the damage to others and their property can be extensive. RV insurance coverage gives you protection that might save you from financial ruin.