For anyone who has purchased a brand-new motorhome, protecting that investment is crucial. Motorhome insurance should be considered as vital as taking the motorhome to a garage for a tune-up. Motorhome insurance not only protects the vehicle, but it also protects your family. Obtaining RV insurance is a necessity before hitting the road.
What Is Covered With Motorhome Insurance?
Naturally, all motorhome insurance policies are different. There is a policy for every budget, but all RV insurance policies will include a minimum level of coverage. All policies will cover loss and physical damage to the RV, its contents and any detachable structures, such as a towed trailer. Policies will include a full list of covered perils. Practically every policy will offer coverage for theft, fire, storms and driving related accidents. Motorhome insurance also offers liability coverage, so if a third-party is hurt the medical costs, legal fees and settlement costs will not have to be paid out-of-pocket by the RV owner.
Emergency roadside assistance is also covered. If a motorhome owner finds themselves stranded at the side of the road, emergency roadside assistance will cover the costs of a hotel, transport and food. Most insurers also include trip interruption cover and may even offer special travel advice and discount service. This is basic motorhome insurance coverage. Insurers will typically offer a variety of add-ons, including options for people who live in their RV full-time.
Why It Is Important to Have Motorhome Insurance
Motorhome insurance offers a lot of benefits, but some RV owners may believe that they only need this protection if they have spent tens of thousands of dollars on a new RV. This could not be further from the truth. Even the driver of the cheapest, oldest motorhome around needs coverage to protect themselves and their families.
Protect Your Financial Investments
RVs are expensive. There is no getting around the fact a new or secondhand RV will cost thousands of dollars. A careless driver or an unforeseen event could destroy that investment. Without insurance, there is no recourse for recovering those costs. Alternatively, if there is an accident involving the RV, an uninsured owner will have to pay any legal and medical costs out-of-pocket. Compared to the cost of holding an RV insurance policy, it is an extremely risky course of action to drive a motorhome without this specialist policy.
Keep Your Property Safe From Theft and Damages
There is no getting away from the fact RVs can make appealing targets for thieves and vandals. Motorhome insurance offers coverage for all personal items in the RV, as well as the vehicle itself. Furthermore, if there is any damage caused to the RV, an insurance policy will cover the repair costs. The right insurer can process a claim within a matter of hours and ensure their clients do not lose out because of someone else’s carelessness.
Saves You Money in the Long Run
The number one reason why some motorhome owners choose not to take out insurance is that they want to save money. In the short-term not paying regular insurance premiums will save money, but it is impossible to control the actions of others. If something happens to your RV or its contents, the financial losses could easily result in a bill totaling thousands of dollars. Compared to the relatively low cost of monthly motorhome insurance premiums, holding a valid policy will save you money in the long run.
Work With People Who Understand Motorhomes
It is true that an RV can be added as a covered asset to a standard home insurance policy. This may seem like a good idea, but it actually results in additional risk exposure. Home insurance will cover fewer perils and will not allow RV owners to speak to the experts. Insurers who specialize in motorhome insurance understand the needs of motorhome owners. This is incredibly important if it is necessary to make a claim. Motorhome insurance policyholders will gain the support and knowledge of professionals who understand motorhomes.
Get Motorhome Insurance From The Pros
Motorhome insurance is an essential purchase before going on vacation with your brand-new vehicle. There is no alternative that offers the appropriate level of coverage, perks and specialized support.
RV insurance does not have to be expensive. Work with a professional RV insurer like Merchant Family Agency and you can get a policy that is tailored to your needs. You will only pay for the coverage you actually need. Contact Merchant Family Agency and start acquiring the coverage you need to protect your investment.