Recreational vehicles (RVs) have long been popular in American culture, and there was a resurgence in interest in 2020. Long-term RV trips and vacations are incredibly fun, and they have the additional benefit of keeping your family safe and together at all times.
While owning a state-of-the-art RV and spending months traveling around the country is the ultimate dream for many people, it’s not as easy as it sounds. After all, an RV is a cross between a house and a vehicle. Therefore, it’s an asset that needs significant protection through RV insurance.
The Importance of RV Insurance
First of all, state laws require all RVs to have liability insurance coverage. But aside from local regulations, RV insurance can help protect you, your family, and your investment. Your RV is a big-ticket purchase similar to a house or a car. Liability coverage can also protect you in case someone gets injured in and around your RV.
Like any product in the market, there are many myths surrounding RV insurance. Read on for a thorough debunking of the three most common ones:
Myth #1: RV Insurance Is Just Like Auto Insurance
RVs are similar enough to a large vehicle, and many potential owners assume that they only need a standard auto insurance policy. This is true if you have a small camper or trailer that can be towed by a pickup truck.
However, most RV models are much larger than an SUV. In fact, some advanced versions can even rival full-sized trucks. Much like commercial truck insurance is entirely different from auto insurance, RV insurance offers added protections because RVs carry additional risks. Specialized insurance is necessary for a vehicle with amenities that cannot be found in a standard vehicle.
Myth #2: All RV Insurance Is the Same
No two insurance policies are identical, no matter what object or person they’re meant to protect. You can choose from numerous insurance providers in the market, and they each offer different terms depending on your RV model and how you use it.
For example, recreational RV insurance is perfect for those who only go out for occasional vacations. You need less insurance coverage than owners who live in their RV for most of the year. But if you live in your RV full-time, you need to get particular policies with more liability coverage.
Myth #3: RV Insurance Is Too Expensive
RV insurance policies have different terms, inclusions, and rates, and you don’t have to choose an expensive policy if you don’t need it. Consider your RV and how you plan on using it. You can shop around different insurance providers for a policy that gives you the coverage you need and can afford. Some providers even offer discounts that will help bring down the final cost.
Even if you already have auto and home insurance, they do not provide the coverage you need. Remember that RV insurance is meant to explicitly protect your RV’s assets. This is a non-negotiable benefit you should be stingy with, especially if you plan on living in your RV for extended periods.
Conclusion
These RV insurance myths go a long way in discouraging owners from getting the best policy that will cover all of their needs. If you are intent on purchasing an RV for road trips and vacations, you should be as protected as possible. If you need help choosing between RV insurance options, you can seek professional assistance from a reputable brokerage firm.
At Sanford Insurance Center, we provide RV insurance services in Florida. Regardless of how often you plan to travel and where you want to go, you need to have the best insurance policy possible. Contact our experts today!
