RV and MotorHome Insurance Policy
Embarking on an adventure in your recreational vehicle can be thrilling. However, you need to understand that your recreational vehicle and everything in it is adequately insured.
Recreational vehicle insurance protects you from casualty expenses that rise if involved in an accident or whenever you have to file a claim. RV insurance is very much alike to homeowners and travelers insurance, and it is similar because it can serve as a primary or temporary home on wheels.
What are the essential elements of Homeowners Insurance and Auto Insurance?
Your Recreational Vehicle is more than just an automobile, so it needs more than standard car insurance. Therefore before selecting a plan, Greg Ganyo Insurance Agency has compiled a list of the different fundamentals of an Auto insurance and Homeowners insurance.
Knowing these basics of the different insurance will help you understand better what type of RV insurance is best for your Recreational Vehicle.
Homeowners’ insurance
- Personal possessions insurance: although this is an optional service, your personal belongings that are inside your RV are insured such as clothing, suitcases, and electronics and so on.
- Emergency damages protection: it takes care of cost when your recreational vehicle is not in used.
Homeowners’ insurance renders “trailer coverage service” this insurance covers for your kayak, trailer, golf cart or any other item that is fastened to a recreational vehicle. - Built-in accessories/distinctive features plan: this insurance protects pieces of equipment like Television antennas, generators, water pumps, awnings, refrigerators and satellite dishes. However, this service is a standard procedure for some while it is an optional service for others.
- Pet injury coverage: in a case where you do not have a pet insurance, the homeowners’ insurance covers veterinary expenses. If you are planning to live full-time in your recreational vehicle, you will need to go for the full-timers insurance protection which provides coverage up to 365 days a year. When your recreational vehicle is stored longer than you use it, it is advisable to opt for the part-time insurance that includes vacation or campsite liability coverage. The part-time insurance offers a reduced premium for a resting/inactive period.
- Full replacement cost insurance: this is the amount needed to replace your damaged RV, the cost is summed up according to the same RV current market price. This coverage will pay for the real cost of your motor-home at its pre-loss value and not the depreciated cash value. The full replacement cost insurance is a recommended coverage for recreational vehicles with newer models.
Towing and roadside assistance coverage
According to the laws governing each state, only RV that is driven and not towed is required to be covered up to a minimum level of insurance. Camper recreational vehicles do not need insurance coverage because your already existing auto insurance on the vehicle towing a rear recreational vehicle can cover for it.
Auto Insurance
- Comprehensive coverage: this is an optional service that includes theft, property damage, fire and other non-accidents occurrences
Underinsured/ Uninsured Motorist coverage: this is where your insurer pays for any damages or repairs in case you get hit by someone who does not have auto insurance or a hit and run situation. - Liability coverage for bodily injury and property damage: this covers you when you are on the receiving end of a lawsuit when you are the cause of an accident in your recreational vehicle. All state requires a minimum amount although the amount varies from each state.
- Collision coverage for damages: as the name implies, if you are involved in a crash with another vehicle either you crashed into another car or another collide with you. This insurance covers for the damages to your motorhome.
- Personal injury protection: some states require this type of insurance. It covers any medical care your passengers or you need irrespective of who is at fault.
Three facts about Auto policy:
- The majority of Auto policies we find requires a deductible and does not provide an All-Inclusive coverage for personal possessions.
- Most auto policies do not include liability insurance for stationed recreational vehicles
- Your accessories such as a rooftop, air conditioners, antennas, and satellite dishes are not insured.
What next?
Now you know the importance and the necessity of motorhome and RV insurance, Greg Ganyo Insurance Agency will guide you on the best insurance policy that can fit perfectly into your lifestyle. With the help of Greg Ganyo Insurance Agency, you can select the cover features that are excellent for you whether you are planning to live full-time or part-time in your recreational vehicle.
