Rv Insurance

Most people believe that they do not require RV insurance and their recreational vehicles are covered under their conventional car insurance policy. Although you can save premiums by not purchasing RV insurance you would be only partially covered. Only RV insurance provides extensive coverage for your recreational vehicle be it a motorized recreational vehicle or a tow able recreational vehicle. A motorized recreational vehicle is not always a car and tow able recreational vehicle is not always a trailer. They are your home on the road and offer additional features not available in cars and trailers. RV insurance covers sunshades, slide outs and refrigerators etc. Risks insured may vary from policy to policy but usually include accident, fire, theft and/or other damage not covered by conventional car insurance. Always make a list of items you want to be covered in your recreational vehicle. Then shop around for RV insurance until you come across a policy that addresses your distinct needs. It is important to note here that RV insurance is not the same as RV warranty that provides for breakdowns and failures rather than accidents. You should always explore all available options when shopping for RV insurance to ensure that you are adequately covered and the policy addresses your specific needs.

• Total Loss Replacement – Total loss replacement provides you a brand new recreational vehicle in case your recreational vehicle is destroyed. However total loss replacement is available only for original owners and for recreational vehicles less than five years old. In case your recreational vehicle second hand or older than 5 years you would get a cheque of the purchase price instead of a new recreational vehicle.
  
• Personal Contents Coverage – Personal contents coverage covers personal items such as clothing, jewellery, accessories, shoes, watches, furs, luggage, sports equiment and cookware and kitchenware etc. Towing and roadside assistance is also included in personal contents coverage. Personal contents coverage in few RV insurance policies gives the cost of towing your recreational vehicle, locksmith services and battery recharging.
  
• Emergency Expense Coverage - Emergency expense coverage provides for your food, rental car and airline ticket expenses etc in case of emergencies.

There is usually an overlap between RV insurance and conventional car insurance policies. If your recreational vehicle were covered under your car insurance policy buying a full-fledged RV insurance policy would not be a wise decision because of overlapping covers. Irrespective of the insurance policy you opt for there are essential covers you should always include in your policy. This cover is similar to the one provided by your car insurance policy and is classified into two different categories i.e. liability and physical damage. Some liability cover is offered for almost all motorized recreational vehicle. However tow able recreational vehicles such as travel trailers and five wheel trailers usually do not have liability coverage. Most people rent recreational vehicles on vacations. These rented recreational vehicles are usually covered in the drivers’ car insurance policy. To do this you have to acquire the insurance binder from your car insurance company. The recreational vehicle rental agency should then be added to the car insurance policy as extra insured and a loss payee. Most drivers purchase additional cover through the rental agency ensuring they are not under insured. In case of damages to the recreational vehicle or other vehicles and/or property it covers the renter. Road related damages and liability is usually provided by the RV rental insurance. However RV rental insurance does not cover interior of the recreational vehicle.