According to the Fun Times Guide, approximately 10 percent of Americans over the age of 55 are the proud owners of a motorhome, or recreational vehicle. If you're considering purchasing a motorhome, or if an RV is already parked in your driveway, chances are that purchasing quality and affordable insurance is high on the top of your to-do list. However, before you purchase the least expensive policy you can find, it's important to note that when it comes to motorhomes, picking the policy that is right for you should be your biggest consideration. Here are a few frequently asked questions you might have about buying your first motorhome insurance policy:
Do I Need to Purchase Motorhome Insurance?
Whether your rent or own a motorhome, you will need to have some sort of insurance, no matter where you live. In many states, you will only need to purchase liability insurance, which is the most basic coverage that will pay for the cost of damages to the other motorist's vehicle. However, depending on the state in which you live, don't be surprised if you're also expected to purchase uninsured or underinsured coverage, as well.
Additionally, if your motorhome is your full-time residence, you will need to purchase a policy that is similar to traditional homeowner's insurance. For example, a policy for individuals whose primary residence is their motorhome will cover the replacement costs of damaged or stolen goods and will provide protection if someone is injured inside your motorhome.
However, there are a few differences between primary-residence motorhome insurance and homeowner's insurance. For example, many full-time residence policies will cover the cost to replace any items kept in a storage facility that is rented by the motorhome's owner.
How Is Motorhome Insurance Different from Traditional Car Insurance?
In many ways, motorhome insurance and car insurance are very similar. For example, depending on the policy you choose, your motorhome and automobile insurance will both cover the cost of damage to the vehicle, the other driver's vehicle, and any necessary medical expenses that were incurred during an accident.
There are, however, other types of policies you should consider if you own a motorhome. For instance, because motorhomes are typically more expensive than cars, you might want to consider purchasing a total replacement policy. This policy will cover the entire cost of replacing a motorhome if it is seriously damaged or stolen.
Additionally, you may want to purchase additional replacement cost coverage. This extra coverage will help ensure that you can replace everything that was damaged or lost inside your motorhome, from your flat screen television to the contents of the kitchen. Your insurance provider might also recommend purchasing more extensive liability insurance. Remember, your motorhome is quite large, and if you're in an accident, it can cause a lot more damage.
If you only use your motorhome for camping during the summer months, there are two additional specialized policies that you should consider. The first is campsite liability. This will help cover any damage that occurs to your motorhome, or that you cause, while you are parked at a campsite.
The second specialized policy is intermittent collision coverage. If you only drive your motorhome during the summer, it doesn't make sense that you should pay for collision coverage throughout the entire year. Ask your insurance provider if it is possible to suspend collision coverage while your motorhome is in the garage.
For many Americans, owning a motorhome is the ultimate dream. If you are the proud owner of a motorhome, or are considering purchasing one in the future, don't hesitate to talk with your auto insurance provider about the policy that is best for your needs and budget. Contact an insurance agency like Family Insurance Centers for more information.Share