RV Insurance Tips and Policy Options
What to Look For in a RV Insurance Policy
The biggest mistake many RV owners make is insuring their RV on a home or auto policy. At claim time, they may be unpleasantly surprised to discover they don't have the specialized coverages they wanted.
RV Insurance Myths
Here are some of the myths and realities of RV insurance that you may want to consider when looking for an insurance policy for your motor home or travel trailer:
Myth: "An auto policy is good enough for my motor home." ?
Reality: Most auto policies don't cover personal items carried in an RV. Most don't include liability insurance when the RV is parked and used as a residence. Most do not cover attached accessories like awnings, antennas, roof-top air conditioners and satellite dishes. And most don't cover expenses for lodging or traveling home if you can't stay in your RV because of a covered loss.
Myth: "A motor home is essentially the same thing as a private passenger auto." ?
Reality: Actually, there are enormous differences. How many cars carry 100 pounds of LP gas, 300 gallons of water and up to 200 gallons of wastewater while they're traveling down the road? How many cars have refrigerators, sleeping quarters and bathroom facilities? How many cars have built-in ovens or other facilities for open-flame cooking?
Myth: "My homeowners policy will cover all my personal property on the road."
Reality: Most auto policies don't include comprehensive coverage for personal belongings, and homeowner policies typically place strict limits on off-premises coverage and require a sizable deductible to be paid first.
RV Insurance Coverage Options
Here are some other RV coverage options that aren't included in a typical home or auto policy:
Comprehensive coverage for protection from just about any direct, sudden, and accidental loss, including: collision, fire, smoke, flood, landslide, hail, windstorm, animals, vandalism, low branches or overhangs, theft and lightning.
Total Loss Replacement Coverage
Total Loss Replacement coverage that protects your RV from the effects of depreciation in case it’s destroyed. This option can save you literally thousands of dollars when compared to typical auto policies, which pay only the Actual Cash Value (ACV) of your motor home. Generally, ACV is the current value of your motor home at the time of the loss.
Emergency Expense Coverage
Emergency Expenses coverage that pays for lodging or travel home if your RV is damaged or destroyed by a covered loss more than 50 miles from home.
Campsite and Vacation Liability Coverage
Campsite/Vacation Liability coverage that provides liability coverage when you are parked and using your RV as a residence.
Towing and Roadside Assistance
TraveLine® Towing and Roadside Assistance eliminates the hassle of buying a separate towing plan. Towing, jump starts, roadside service, flat tire changes, fuel delivery, and locksmith services are just a toll-free phone call away.
Full-Timer coverage provides liability protection very similar to a homeowners policy, while an auto policy will only provide liability protection when you are using your motor home as a vehicle.This article was contributed by Foremost®, based in Grand Rapids, MI. A part of the Farmers Insurance Group of Companies®, Foremost Insurance Group ("Foremost") has been a leader in personal lines insurance since 1952. Foremost is headquartered in Grand Rapids, Michigan. To learn more about Foremost RV insurance, call 1-800-237-2060 and mention customer priority code ‘CAMP’ or log on to Foremost.com.