From family weekend getaways up through the Notch to touring the country in your retirement, a Recreational Vehicle (RV) can provide years of enjoyment. Make sure it is properly insured, because the sheer size, weight and/or value of an RV will typically not be insurable on a standard auto policy.
RVs typically need more than regular auto insurance to protect it in case of an accident with many factors to discuss with your insurance agent before deciding what kind of coverage to purchase.
Here are 5 questions to consider when getting a NH RV Quote:
What type of RV do you have?
There are many types of RVs ranging from tow-able pop-up campers to Class A motor homes. Smaller RVs are typically less expensive to insure as they contain fewer amenities and are less expensive to purchase, repair, and replace.
Class A motorhomes, on the other hand, can sleep up to 12 people for long term travels are more expensive to insure.
However, with the investment you’ve made in your motorhome, it’s important to make sure you have appropriate coverage in case of an accident or other insurable event.
How Often do you use it?
If you’re only using your RV a couple weeks out of the year, your insurance needs will be very different from someone who uses their RV as a full time residence. The distance you travel and the number of valuable items (jewelry, art, electronics) you store in your RV should be factored into your NH RV insurance policy as well.
If you only use your RV occasionally, you may be able to suspend certain parts of your coverage for parts of the year, saving you money. For example, if you are not driving your RV in the winter, you may not need to pay for collision insurance. However, you should make sure that there is still proper insurance in effect for your storage conditions, making sure any damage from weather events, vandalism, or theft will still be covered.
Who will be Driving it?
Chances are your RV will not be driven by a single driver, especially on longer trips. If more than one person will be driving your RV, they each may need to be accounted for on your RV insurance policy. The driving record of each individual will factor into the overall cost of your insurance.
Where are You Going?
If you are traveling far from home, you may need additional insurance to account for emergencies. Because an RV replaces hotels and many restaurant stops, you probably have not budgeted for those expenses before leaving on your trip. Emergency expense coverage can help pay for lodging, food, and travel expenses to get you home again if your RV is rendered un-driveable. You may also need special towing coverage to get your RV safely off the road, as many RVs are too large for standard tow trucks.
International travel poses another insurance risk that you should discuss with your insurance agent. If you are out of the country when an emergency happens, you want to make sure that repairs and other costs will still be covered. Many RV policies will need to be specifically endorsed to include travel into Mexico.
What Type of Coverage do you want?
Only you can decide the level of coverage you are comfortable with on your RV. Perhaps you only want the RV covered for its market value, or perhaps you want total loss replacement coverage. With a NH RV policy, you can pick and choose the type of coverage you want and can afford. Choosing how a loss will be settled is not typical with a standard auto policy as most of the time, actual cash value is paid. There are more options available on an RV policy so be sure to discuss them with your agent.
RVs provide a comfortable way to go camping and touring, and can even provide a full time mobile residence. Before embarking on your next great adventure, make sure your RV is properly insured to protect your investment in this unique type of vehicle.
