What to Consider Before Purchasing RV Insurance

So you found the motorhome of your dreams and are about to sign the papers, but before you do, you will need to square away your RV insurance. Even if you have had an RV for several years now, it could be a good idea to review your insurance coverage and policies to be sure you’re getting the right coverage at the right price for you and your RV lifestyle. RVs are big investments and you want to be sure they are correctly protected in the event of an accident. The following are a few things to consider as you start shopping for an RV insurance policy:

What to Consider Before Purchasing RV Insurance

• ACV vs. TLR. One of the most important things to look at when shopping for insurance is whether a given quote includes Actual Cash Value (ACV) or Total Loss Replacement (TLR). These terms refer to what an insurance company will payout should your RV be destroyed by an accident or stolen. With ACV coverage, you’ll receive a settlement related to the market value of the RV as determined by a qualified third-party. With TLR coverage, you’ll receive a replacement RV so long as the RV you had was under a set age (typically five to seven years).
• Emergency expenses including emergency roadside assistance. If your RV breaks down on the side of the road or in an otherwise remote location, it can cost as much as three times more than a standard vehicle to tow to a nearby mechanic, and even then you risk not being taken to a qualified RV-specialized shop. But when you get an insurance policy with emergency roadside assistance, you can rest assured that you’ll have towing and repairs covered — and by the right shop to meet your needs. Additionally, with emergency expenses coverage, you can qualify for the reimbursement of living and traveling expenses incurred while waiting for repairs.
• Liability insurance. RV accidents aren’t just the kind that occur when one vehicle collides with another. Sometimes, people can be hurt in and around your RV when it’s parked at a campsite or even your front yard. For these type of accidents, it’s a good idea to have liability insurance that will cover the damages and injuries a guest might have when visiting your RV.
• Truck insurance for a truck bed camper. If you have a truck bed camper, which is a camper that fits in the back of a midsize or large truck, then it’s important to update your insurance information. Most basic automotive policies won’t include coverage for any camper that sits atop the truck. Instead you’ll need a specialty insurance policy for this. Additionally, if you have a trailer, then you might also need to apply for additional coverage.

Need RV Repairs or Equipment Updates? Visit Us at Premier Coach Works

Here at Premier Coach Works, we work with every major insurance company as well as many of the local and regional groups. So if you find yourself in our area and are in need of repairs or equipment updates, contact us to schedule a service appointment.