With so many kinds of recreational vehicles, a single policy can't…
These days, stability comes in numerous forms. Consequently, more people are resorting to recreational vehicles as a mode of housing. Buying an RV is an important investment, similar to purchasing a home. Therefore, you need RV insurance to help safeguard your possessions while traveling.
A major benefit of RV insurance is that it permits you to protect passengers. Liability coverage extends to incidents that take place within the RV and the surrounding property. If you’re looking to buy coverage for your vehicle, here’s what Progressive RV Insurance offers.
Total Loss Replacement
Having this coverage means your insurer will pay full replacement value for a similar model and make. Therefore, depreciation won’t affect you. The amount your insurer pays could surpass the amount you paid for your vehicle since they cover the cost of a similar model.
Progressive RV Insurance will replace your totaled RV with a new one, without your deductible, provided your model is 5 years old or less. If your vehicle’s model is over five years, you’ll obtain the amount stipulated in your policy. You’ll find this coverage is ideal if you want peace of mind. If you don’t want to replace your vehicle, Progressive RV Insurance will compensate you for the initial purchase price.
When an RV breaks down, getting it to a mechanic could get complex. That’s where roadside assistance comes in handy. While nobody wants to think about breakdowns, they happen. Progressive RV Insurance offers this service to get you back on the road as fast as possible. Their service covers flat tires, mechanical breakdowns, and battery replacement.
Although having this plan is good, it isn’t a substitute for conducting periodic maintenance. Make sure you examine everything before leaving and occasionally along the way. While unavoidable things do and can happen, prevention is necessary.
Collision and comprehensive coverage
Comprehensive coverage offers protection for damage caused by accidents that don’t entail collision with another object or vehicle. For instance, if hail damages your motorhome, Progressive’s comprehensive coverage will take care of the damage.
While most states require a minimum amount of liability coverage for your motorhome or RV, they don’t require comprehensive coverage. Nevertheless, if you have a loan or lease it, the lender expects you to have some degree of comprehensive coverage.
Collision, however; covers damage arising from a collision with another object or vehicle. For instance, it helps cover repairs if you’re responsible for a crash or run into objects, for instance, a street sign or tree. Keep in mind that a deductible applies for both collision and comprehensive coverage.
To operate your RV legally, you’ll require at least a similar liability coverage that your state needs for auto insurance. If you cause a crash, this will cover property damage expenses and others’ injuries up to your limit.
You won’t have the choice to select this coverage when you insure a travel trailer because a motor vehicle pulls your trailer. Just ensure you have liability protection on the car that tows your trailer.
What to consider when buying RV Insurance
Double-check limits and consider additional coverage
Always examine the policy to establish what’s covered in case of a loss. Most policies cover a standard amount and some policies will enforce stricter limits in some categories. Consider extra coverage for any equipment you might have beyond the typical limits.
Shop through agents and direct companies
While you can approach insurance companies directly, it’s advisable to check with brokers or specialty agents. They might secure a better deal for you or provide specialized coverage. This is particularly true if you are a full-time RVer.
Whether you intend on using your recreational vehicle for occasional trips or as a full-time home, insurance is necessary. For better protection, invest in RV coverage from Progressive RV Insurance, which combines aspects of home and auto insurance to account for the distinct potential issues with an RV.