Recreational vehicle insurance is a great investment if you own an RV. It doesn’t matter if the vehicle is stored away or if you’re currently traveling. Insurance is something that you want to have at all times. You never know when a mishap might befall your vehicle, so being prepared is wise.
Insurance is to provide financial support in the event of certain mishaps. In addition to possible medical bills and liability issues, you also face the possibility of huge repair bills. Your RV could even be stolen or damaged, even if it’s sitting outside your home. Recreational vehicle insurance gives you the reassurance of financial protection when it’s most needed.
Traditional auto insurance isn’t sufficient for recreational vehicles. RV coverage is specifically for losses that an RV owner might experience. Coverage usually includes liability, which helps if you’re sued for damages. There is also coverage for the repair or replacement of your damaged or stolen RV. Just keep in mind that some incidents aren’t covered. If you file a claim for a situation that’s excluded, then the insurer will deny the claim.
If you purchased your RV with a loan, then your lender might require you to have coverage. Your state may also have insurance requirements for your RV. Get this information before buying recreational vehicle insurance. It will help you get the coverage that you need.