NPS Jim Peaco
Collision coverage is essential in the event of an accident.
Words by Amy Bradley
As a responsible RV owner, you understand the importance of protecting your investment with the right insurance coverage. However, getting confused in all of the policy's jargon and not understanding the fine print can be easy, leaving you uncertain about what exactly is covered - and what isn’t.
With these suggestions, you'll have a clearer understanding of what to look for so you can more easily focus on your next RV adventure.
What Type of RV Coverage do you Need?
Knowing the type of coverage required for your RV lifestyle is the first step in securing the right policy. The best way to find out is by speaking with your insurance provider who can recommend what is right for your RV and the type of travelling you like to do.
Here’s a breakdown of some common types of coverage available:
- Liability coverage protects you if you cause damage or injury to another person or their property.
- Collision coverage covers damage to your RV in the event of an accident. Some policies combine collision and comprehensive under All Perils.
- Comprehensive coverage protects against non-collision events such as theft, vandalism, and weather damage.
The type of coverage you need also depends on the classification of your motorhome/trailer. Provide your insurer with information about your RV and let them know if you change vehicles. The information shared here may differ based on the unit you own.
What is covered?
Understanding exactly what is covered in your policy helps avoid any unwelcome surprises if you need to make a claim.
Kampus Production
Speak to your provider about coverage of damaged awnings and RV systems.
Carefully review your policy and ask your provider to explain any areas of uncertainty. For example, does your policy cover damage caused by wildlife? You should confirm if there are limits to how long you can be out of your province or country. Some policies have exclusions if your unit is left out of the country unattended. Make sure to disclose if you are full-timing as this may void your insurance coverage.
Knowing the answers to these questions can help you avoid unexpected expenses and ensure that you have the coverage required.
What Questions Should I Ask My Insurance Provider?
It’s always best to address any areas of your policy. If you don’t know where to start, here’s a list of questions to ask your provider when reviewing your policy:
- What does my policy cover?
- Is my optional equipment like awnings, air conditioners, solar panels, etc. covered?
- Is my personal property inside my motorhome/trailer covered?
- Are there any limits on coverage amounts or reimbursement rates?
- What is the deductible for each type of coverage?
- How much of my deductible will I have to pay?
- Does my policy cover replacement value or actual cash value in the event of a claim?
- What kind of coverage should I add if I plan on driving my RV internationally?
- Is towing or roadside assistance available?
- How much will my insurance cost?
- What payment plans are available?
Protect Your RV with Specific Insurance
Wayfarer Insurance understands the unique needs of RV owners and offers customized coverage options to meet those needs. Our experienced agents are available to answer any questions you may have about your policy’s fine print and help you get the right coverage.
Call (844) 929-4768 to request a quote and learn more about how we can protect your investment. For more information visit www.wayfarerinsurancegroup.com