The summer of 2018 is underway, and with the cooler autumn months just around the corner, vacation season is in full swing for people across the country. An increasing number of people are turning to RV’s to provide them with a vacation home on wheels. However, a lot of these new RV owners are not entirely sure what kind of insurance coverage they need to protect their new investment. That’s why we’ve decided to write this blog post, to help those who just bought an RV, or are thinking about purchasing one, find the right insurance policy for their needs, and their budget.
Just like you need to purchase auto insurance to protect your car, and homeowners insurance to protect your home, so too do you need RV insurance to protect your mobile home. RV coverage is a lot like an auto insurance policy, but it’s specialized to the specific needs that come with an RV.
Now, it’s important to define what exactly we are considering an RV when discussing RV insurance. In this case, an RV is defined as fifth-wheels, pop-up campers, stationary travel trailers, park model travel trailers and truck-mounted campers. It’s a pretty safe bet that if you think you have an RV, that an insurance company is going to agree with you.
A good RV Insurance policy will provide three types of coverage: comprehensive/collision coverage, liability coverage and underinsured/uninsured motorist coverage. The comprehensive and collision coverage will pay for any damage you incur hitting another vehicle or fixed object with our RV. The liability coverage will kick in if you damage another person’s vehicle or property with your RV. Finally, underinsured/uninsured motorist coverage will help make up the difference if you are involved in an accident with someone who does not have adequate insurance coverage.
Of course, like any insurance policy, you can customize your RV policy to your specific needs. Should you like, most insurers will also offer RV policies that include roadside assistance, personal property, and attachment coverage or full-time RV coverage. All of those are fairly self-explanatory except for the full-time RV coverage, which provides extra coverage if you are using your RV as a full-time residence.
If you are thinking about purchasing an RV, or recently purchased one, congratulations! It’s exciting to become a weekend warrior. If you need help sorting out your insurance, we encourage you to reach out to the staff at TGS Insurance. They are experts in their fields and are always willing to work with you to help you find the perfect policy for your needs.