Whether you want to use your RV for occasional road trips or as a full-time home, it’s a good idea to get RV insurance. Remember that adding the RV to a current car insurance policy can be an option, but RVs are an expensive investment.
So you need better financial protection by having an RV insurance policy. It covers you from damage or injury and also a liability that you can cause during an accident. Even better, the policy can come with roadside assistance that you may need in an emergency. This article discusses what you need to understand about Good Sam RV insurance.
Good Sam RV insurance
Many owners may decide to cover their auto insurance policy to their RVs, though insurance companies, such as Good Sam RV insurance provide specialized RV insurance. This insurance resembles a combination of home or renters insurance, car insurance, and travel insurance put together into one policy.
Ideally, the RV policy coverage is quite similar to the normal car insurance policy that covers accidents. But you also need a specific RV coverage that is similar to property insurance because you live in the vehicle when utilizing it. If you are looking for RV insurance, for more info, go here. Besides, you need liability insurance that can protect you in case a person trips and falls in your RV.
While homeowners insurance can cover most of your belongings, you need to be careful when you want to carry expensive items, such as binoculars, a digital camera, electronics, and jewelry. This is because it’s easy to exceed your insurance coverage. After all, you need to have an RV insurance policy that covers special equipment like a water pump, generator, and refrigerator that your RV carries.
Thankfully, RV insurance can also cover either the actual cash value or the total replacement cost when your RC is stolen or totaled. However, you need to ask your insurance company because many of them limit the total replacement cost coverage to new RVs.
That said, various factors can determine your insurance rate. In other words, insurance companies usually consider several risk factors to determine your insurance rate. Insurance providers like Good Sam RV insurance may place different values on these variables. These factors include your driving record, your gender, your age, your marital status, the model and age of your RV, and many more.
Basic RV insurance
A basic insurance policy can include different coverage types, but you should expect the following to be in your quote. You may need liability insurance to operate your RV, which can be the same amount of coverage that your state demands car insurance. As explained earlier, liability covers a crash that can cause other people’s injuries or even property damage costs.
You can also get collision and comprehensive coverage. You see, collision coverage is designed to help you to pay for repairs that happen to your RV. This can be due to a crash or you run into something like a street sign or a tree. On the other hand, comprehensive covers various things, including animal collisions, theft of your RV, vandalism, falling objects, and more.
There is uninsured or underinsured motorist coverage that helps you to cover both you and your passengers’ treatment for injuries caused by an accident. Take note that these injuries can be due to a driver hitting your RV but they don’t have insurance, says Kevin Crockett, an Orange County personal injury lawyer.
It can also be a driver who has insurance, though not enough to cover your medical bills. Likewise, uninsured or underinsured motorist property damage coverage starts working at the same time, but it covers repairs to your damaged RV.
Why RV insurance is your best option
Now, if you choose to have basic RV insurance, such as comprehensive and collision, liability insurance, then you should consider adding the RV to your auto policy. But RV insurance comes with additional options that you can’t find in car insurance.
For example, RV comprehensive insurance has benefits. If your RV is totaled or stolen, your comprehensive coverage can pay a depreciated replacement amount. The bottom line is that you can only get back the worth of your RV at the time of the loss. The best part about RV insurance’s full replacement cost is that you can get back what you paid for your RV.
Another additional option you can get is called personal property and attachments coverage. This is suitable for RVs that load items and attachments that a usual auto insurance policy won’t cover, like sporting and camping supplies, satellite dishes, cooking appliances, and furniture. Therefore, if these items are either damaged or stolen, you will likely need separate RV insurance to replace or repair them.
Vacation liability is also a great option if you want to go on a vacation. So if your RV is in a campsite or park, it’s regarded as a temporary vacation residence. In such cases, it makes sense to have liability insurance that covers damages in case a person gets injured in your RV or you accidentally damage other people’s camper.
Above all, you can have roadside assistance. This one, it offers high-limit coverage to pay for high costs associated with servicing and towing your RV. As you may be aware, anything can happen on the road. To anticipate problems while traveling, you should consider having travel expenses coverage.
Travel expenses coverage can help you pay for transportation while fixing your vehicle and lodging in case of an accident or RV breaking down. However, this usually covers when you’re a specific distance from your home, which is sometimes about 50 or 100 miles.
If you’re using the RV as a primary residence, perhaps full-time RV coverage is a great option. You need this coverage because it also provides high-limit personal liability insurance. It’s quite similar to a home insurance policy as it can make medical payments for your injured passengers and covers the belongings that you carry while on the road.
As you can see, you need Good Sam RV insurance, especially if you live in the RV full time. Aside from this, you should have at least liability insurance if you take regular vacations and road trips.