5 Types of Vehicle Insurance
Maintaining an RV is more than a lifestyle. It is a responsibility. The same goes for other insurance policies; RV insurance coverage depends on the risk factor. You don’t want to wait for an RV insurance claim to know details about it. Now, here are some 5 types of vehicle insurance.
Liability, comprehensive and collision, medical payments (MedPay), and uninsured/ underinsured motorists (UM/UIM) are among the basic RV insurance coverage. Since basic insurance doesn’t handle full range and liability, we will break down other types of insurance coverage.
Before delving into different types of coverage, here are some brief descriptions of basic RV insurance coverage:
Liability: one of the 5 types of vehicle insurance.
If you hit another car, causing damage to the other vehicle or another driver or passenger is injured and eventually will sue you because of the accident. Your RV insurance liability would pay for the damage, the medical bills, and the legal costs.
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Comprehensive and Collision
If your RV hits a tree or ice due to snow, this coverage will help you cover the damage. Some insurance providers have these two bundled up.
Medical Payments(MedPay)
If you or any family member get into an accident, your medical payments insurance will pay for the medical cost regardless of who is at fault.
Uninsured/Underinsured Motorist (UM/UIM)
When another driver is at fault for an accident and does not have enough insurance or does not have insurance at all, your uninsured & underinsured motorists (UM/UIM) insurance would pay for the damage to your RV. This includes medical bills.
Now, let us break down other types of insurance coverage that may include other things that concern you. Some insurance providers may consider these different types essential in their insurance policies. Insurance providers’ offers vary, and other coverages may not be available to other insurance providers.
Here are RV’s different types of vehicle insurance coverage:
Full-time liability
Getting full-time liability insurance is advisable when your RV becomes your permanent residence for at least six months. Full-time RV insurance coverage is typically more expensive than other types due to the added liability protection. Still, you can consider this as your all-around safety net. Full-time liability insurance covers property damage and bodily injuries in and around your RV while parked.
Roadside Assistance
Stuck on the highway? Don’t worry. Help is on its way. Your roadside assistance insurance covers roadside labor such as towing, winching, delivery of fuel, mechanical breakdowns, and tire assistance. This also includes dead battery replacement. The approximate distance of the road from your disabled RV should be within 100 feet.
Total Loss Replacement
If your RV is either a motorhome or a travel trailer and is wrecked in an accident, complete loss replacement insurance coverage will replace your RV with a new one. You can ask for reimbursement if you do not want a brand-new RV. The reimbursement amount will depend on the amount of the RV you declared. This is the first time you have taken out the insurance. If You bought your RV 3 years ago, they would pay you back based on the amount of the original price.
Personal Effects:
Having personal effects insurance coverage helps you protect your items against theft or loss. This coverage can help you against losses related to personal belongings not attached to your RV. For example, mobile phones, jewelry, and sporting equipment. Depending on how many belongings you own and how much their value is, you can buy extra coverage amounts to match their worth.
Vacation liability
When you are relaxing, your RV is not on the move. It doesn’t mean it is risk-free. Also known as campsite liability, your vacation liability insurance coverage protects you from third-party damage. Also, injury is associated with your occupancy on a site. If someone is injured in or around your RV while you’re on a trip and your RV is parked, you start a campfire. If you burn the hair of your visitor or another camping guest, your vacation liability can cover any injury or damage, even legal costs.
Emergency Expense
Some insurance policies have separate coverage whether you are a full-time or a non-full-time RV owner. For full-time RV owners, emergency expense insurance coverage would pay for suitable but temporary living expenses if the RV is disabled. For non-full-timers or those who use their RV as a temporary residence, this coverage would pay for the transportation and hotel costs if your RV is disabled more than 50 miles from your registered residential address.
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Custom Equipment,
This type of coverage applies to those RVs with custom modifications after the purchase. Your customer equipment covers the loss or damage of audio and visual equipment permanently attached to your RV, even exterior awning and custom flooring that the manufacturing company does not install. If your custom parts or equipment are damaged, your auto insurance will likely cover them. If you don’t have custom equipment coverage, it will make you solely responsible for paying for the repair and replacement. Also, check with your insurer that having this coverage would not void your existing auto insurance policy.
Glass claims should not be among your worries if you have the range. In some states, windshield cracks and chips are part of your RV comprehensive insurance coverage, and your insurance company would cover any repair or replacement you may need. Some state laws also mandate that your deductible be waived. You may need to check with your insurance providers if they include side windows as part of the coverage.
Pet Injury
With pet injury insurance coverage, you not only protect yourself, your family, and your RV, but you are also protecting your pets. Pet Injury coverage is mostly supplementary to your comprehensive and collision coverage. If your pet is injured in an accident inside or around your RV, your range is handy for paying for veterinary bills and medicines. Most insurers only cover dogs and pets, so it is best to check this beforehand.
Mexico Coverage
If you frequent Mexico, it is necessary to consult an RV expert to provide numerous options for extending coverage for using your RV in Mexico. Many standard policies do not include Mexico in any range, but some do under certain conditions. If you find liability insurance coverage while your RV is in Mexico, it would only cover the repair made in the United States. If your RV is disabled, your coverage will pay for towing of your RV to the nearest US border point.
Need help regarding RV Insurance?
We hope you learned a lot regarding the 5 types of vehicle insurance. Contact us here at Team AIS in Denver, CO, and we’ll help you find the best coverage that suits your needs at the most affordable price!