A motorhome can give you the freedom to hit the open road and share adventures with loved ones. Before you set out on a journey, it’s important to make sure that your RV is adequately insured. RV insurance is similar to car insurance in some ways, but there are key differences you need to understand.
What Does RV Insurance Cover?
Like a standard auto insurance policy, RV insurance can protect you if you’re involved in an accident. If you cause a crash that results in injuries and/or property damage, your RV insurance policy can pay the bills and protect you from a devastating lawsuit.
Your policy can include several optional forms of coverage, such as collision and comprehensive, so you’ll be protected if you hit an object, such as a guardrail, or if your RV gets stolen, vandalized, or damaged by severe weather. Uninsured/underinsured motorist coverage can protect you financially if you’re hit by another driver who is uninsured or by a driver who has insurance, but not enough to cover your losses.
An RV insurance policy can cover belongings that you keep inside the vehicle, as well as accessories, such as an awning. Roadside assistance coverage can be invaluable if your RV breaks down or you have a flat tire.
How Much Does RV Insurance Cost?
Numerous factors influence premiums for RV insurance. Your rates will depend, in part, on the size of your vehicle. RVs are divided into three classes based on size.
How often you use the vehicle is another important factor. Many people only use an RV for occasional trips, but some people live in one throughout the year. If your RV doubles as a residence, you’ll need a policy that provides full-time coverage.
The types of coverage you select, your limits, and your deductible will influence your rates. A policy with a higher deductible will generally have lower premiums, but you’ll have to pay more out of pocket if you file a claim.
Additional factors, such as your age, gender, and driving history, will affect your rates. If you bundle RV insurance with other forms of coverage, such as your car or homeowners insurance, you might be eligible for substantial discounts.
A member of the team at Petruzelo Insurance can discuss the kind of RV you have, how you use it, what types of coverage are required, and which are optional. We’ll work together to find a policy that’s tailored to your needs and that fits your budget. Contact us today to learn more.