RV
Insurance is Different than Auto Insurance
You
have probably added your RV as a rider to your
automobile policy. However, an RV is completely
different than an automobile, and used much differently.
From cooking to sleeping facilities, complex
electronics, appliances, awnings & cabanas, antennas and
eve satellite dishes, propane systems, etc. make the RV
much different than the typical automobile. In turn, the
typical automobile policy usually falls short in
providing the special coverages that should be
considered in RV insurance. Very affordable specialty RV
policies are available, which provide enhance coverages
to contemplate these unique differences between an
automobile and an RV. Considering the investment you
have made in your RV, it is worth your while to review
the following items and consider a specialty policy.
Replacement
Cost vs. ACV (Actual Cash Value). Most auto
policies will settle a total loss to the RV on an ACV
basis, which means they will depreciate the RV based on
age and mileage which usually results in an inadequate
settlement. Replacement coverage on a specialty policy
eliminates depreciation and allows you to replace your
RV with a new one of like kind and quality, regardless
of cost.
Protection
for Your Personal Belongings. Auto policies
strictly limit or restrict coverage for RV contents.
Specialty RV policies have higher levels of replacement
cost on contents included automatically. You can also
increase your contents coverage to match the value of
items you carry with you such as sporting equipment,
housewares, electronics, etc.
Roadside
Assistance Coverage. Unfortunately, all types of
unexpected surprises occur when you are on the road.
Should you need help with any of these events
(jumpstart, tire change, fuel delivery, lock out), 24/7
assistance is only a phone call away.
Emergency
Expense Coverage. If your RV is immobilized or
unlivable, a specialty RV policy will provide
reimbursement for extra expenses incurred for such
things as motel rooms, restaurant food and even expenses
for alternate travel to or from your destination.
Deductible
Reduction or Elimination. Your deductible is
decreased by 25% per year for every consecutive claim
free year. You could possibly have a zero deductible
applies to your loss. Safety is rewarded.
Vacation
Liability. Someone trips over your electrical
cord, burns themselves in your campfire, trips down your
steps and injures himself. All kinds of unexpected
things can happen. Vacation Liability provides basic
campsite protection for you when these types of events
occur.
Towing
Coverage. Towing coverage on a specialty RV
policy can be obtained to cover the reasonable &
necessary cost of the tow without policy limits. The
cost of towing an RV can be substantial, and can well
exceed the limits of an automobile policy. Only certain
repair facilities can perform the type of service need
on your RV
Mexico
Coverage. Mexico coverage is typically excluded
in most automobile policies. Specialty RV policies are
able to provide physical damage coverage on your RV when
traveling into Mexico.
Outstanding
Principal Balance Coverage. If your loan balance
exceeds the RV loss settlement, this coverage pays to
eliminate your outstanding loan balance.
Discounts.
Discounts are given for such things as association
membership, defensive driving courses, anti-theft
devises, alarms and more.
Enhanced
Claims Response and Settlement. Specialty RV
companies recognize the need for fast, fair claims
response and payment to get you back on the road.
Specialty carriers usually have large networks of claims
adjusters throughout the country ready to respond when
you need them.
Convinced
yet? Just remember that all RV insurance is not alike,
especially if you have your RV insured on a vanilla
automobile policy. Contact us today so that we can help
explain, or elaborate on, any of these coverages.
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