Ready to hit the road and travel this great country in your RV? Before you do, you need an insurance check-up to make sure you’re as protected as possible while you travel.
Make sure you’re not making any of these common RV insurance mistakes!
Relying on Auto Insurance for Coverage
Your auto insurance might cover your RV if it’s a trailer hitched to your vehicle, but it won’t cover your personal belongings inside the RV. It also won’t provide specialized services specific to your RV. Whether you tow or drive your RV, you need a separate policy designed just for your vehicle. You get the same type of coverage: collision, comprehensive, liability, and more, but it’ll be tailored to the reality of owning and operating a recreational vehicle.
Declining Emergency Roadside Assistance
Often available through your RV insurance coverage, emergency roadside assistance becomes invaluable when you’re stuck on the side of the road. A standard car tow service might not be enough to get you out of a jam. Finding someone who can help you out when you’re stuck on the side of the road is one hurdle. The other is the cost. With most policies, certain types of assistance are covered so you don’t have to pay out of pocket for the help you need.
Skimping on Liability Coverage
You have RV insurance but do you have enough coverage? An easy way most people save money is by reducing their liability coverage. “I’m a safe driver,” they tell themselves. “I won’t cause a big accident.”
The fact remains that an RV, as a larger vehicle or as a towed vehicle, can produce more damage than most people realize. That damage can be quite expensive. And there’s a reason they’re called “accidents” — despite your best intentions and efforts, mistakes and oopsies happen out on the road. With too little liability coverage, that means you’ll pay out of pocket for the damage you cause.
Choosing Market Value Coverage
If your RV gets totaled in an accident, you want a new RV — and you don’t want to pay out of pocket for a new one. That’s why it’s important to choose replacement cost coverage. Much like your personal vehicle, your RV will lose value over time. With market value coverage, you’ll only receive what your RV is worth at the time of the accident which may not be enough to buy a new one just like it. Choose replacement cost coverage instead to receive a claim payout enough to replace your RV.
Forgetting About Discounts
The most common discount is the bundled policy discount. If your RV policy is with the same company that insures your home, vehicle, or other property, you may be eligible for a discount. You may also qualify for discounts by adding certain safety features to your RV and updating your insurance when you put your RV in storage for the winter. Talk to your independent insurance agent today to make sure you’re receiving every discount you’re entitled to.
Need to update or upgrade your RV insurance? Contact Charlotte Insurance today for a free estimate!