Your motor home is your pride and joy whether you live in it year round or just take it out a few times a year for those on the road getaways. It also represents a significant investment that needs protection against damage or financial risk.
Depending on your needs, you can buy coverage on your RV either as an add on to your standard Personal Auto insurance or as a separate Recreational Vehicle policy. Either way, since the vehicle is also a home on wheels, it faces a variety of exposures:
- Damage to the vehicle from fire or collision
- Liability for injury to third parties from an accident
- Loss of or damage to possessions inside the vehicle (for example, an expensive sound system, laptops or tablet, flat screen TV or other portable valuables). To estimate this exposure, you should take an inventory of these expensive items and list their replacement cost.
- Loss or damage to such external elements as satellite dishes or antennas (some insurers might require separate coverage “riders” on these).
Also, bear in mind that some RV policies have an annual mileage limit, which probably won’t be a concern if you only use your vehicle a few times each summer. However, if you’re on the road year round, you’ll need to consider the impact of this limitation.
If you have any questions on the amount and type of RV insurance you’ll need, feel free to get in touch with us.