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Aug 04

5 Reasons You Should Get RV Insurance

Reading Time: 6 mins

A recreational vehicle (RV) or motorhome is popular among road trip enthusiasts and travel bugs because it combines mobility and comfort. You can literally bring your home and enjoy the luxuries you want anywhere when you own this type of vehicle.

However, it’s not all fun and games. Getting a motorhome entails responsibilities. Similar to purchasing a car, you must also prepare the legal documents to complete your ownership. One of these is insurance, provided by companies like Progressive. Learn more about Progressive RV insurance here.

If you already have a motorhome or are planning to get one, here are the reasons why you should get Progressive RV insurance:

 

  1. Protect Your Investment

An RV can help you save tons of money when travelling, especially if you’re bringing your entire family with you. You won’t have to spend so much on fares and hotel stays.

However, the purchase of this vehicle does entail a substantial sum upfront. With this, you can view your RV as an investment and minimize the risk of losses due to damages with insurance.

You never know what happens in the future, so it’s prudent to take the necessary financial precautions. RV insurance can ease monetary burdens in case your vehicle is involved in an accident.

Standard coverage includes:

  • Comprehensive – This insurance feature covers your vehicle for damages that are out of your control, such as theft, vandalism, fire, and natural elements. It also encompasses wreckages due to crashes with animals. A deductible applies for comprehensive coverage.
  • Collision – Your insurance will also ease your financial burdens when your RV is damaged in an accident with another vehicle or object. The company will pay for the repairs minus your deductibles.
  • Liability – Liability coverage is mandated by law. With this, your insurance provider would be the one to pay for the damages or injuries where you’re found to be at fault.
  • Uninsured/Underinsured Motorist – On the other hand, RV insurance can also protect you when you’re on the receiving end of the damages. UM/UIM coverage pays for the injuries and damages, including lost wages, you sustain if you’re hit by another driver without or insufficient insurance.
  • Medical Payments – Standard coverage also includes a clause to pay for the medical bills of the RV’s driver and passengers. This applies regardless of who is at fault in a particular accident.

 

  1. Save Money On Maintenance

While some people have an RV for purely recreational purposes, others embrace the nomadic lifestyle, such as the couple behind The Wandering RV. Regardless of whether you’re in your motorhome for a few weeks, a year, or 24/7, you need to think about its upkeep to maintain its quality.

An RV requires more care compared to cars that are only driven around the city. You must make sure that all the parts are in perfect working condition before and after long drives.

You can opt for extra coverage in your insurance, such as roadside assistance. This feature enables your provider to tow your motorhome to the nearest repair facility. It includes fuel delivery, mechanical breakdowns, as well as a replacement for flat tires and dead batteries in case you forget to replace these parts.

Here are some maintenance tips to keep your RV in tiptop shape:

  • Inspect and replace parts regularly – Fluids and filters must be replaced at regular intervals to keep your engine running smoothly. These include brake fluids, as well as air, oil, and hydraulic filters. Neglecting to take care of these components can lead to more damages for your vehicle.
  • Have a servicing schedule – Aside from maintaining your motorhome yourself, you should also have it inspected by a mechanic. This professional has the expertise and experience to spot the slightest current and potential problems to nip the issue in the bud.
  • Monitor your generator – If you’re only using your RV during vacation, make sure to run your generator at least once a month to avoid the oil becoming stagnant. You can also purchase a fuel stabilizer to boost its storage period.
  • Clean your A/C system – Maximize your vehicle’s climate control capabilities by vacuuming the vents. Clearing your A/C system can also prevent respiratory problems for you and your family by cleaning the air inside the cabin.
  • Test safety equipment – Each month, you must ensure that your smoke, carbon monoxide, and other detectors are working properly to avoid problems once you’re on the road.

 

  1. Comply With State Requirements

As mentioned above, liability insurance is a requirement when owning a car, even more so if you have an RV. One of the common questions that people ask is whether insurance is attached to the driver or the car.

Typically, including for RV insurance, the coverage protects damages to your vehicle. Nonetheless, standard coverage has a provision for medical payments for the injuries sustained by the driver and passengers.

Liability insurance is mandatory to protect motorists. You have to apply for it to safeguard your interests as well.

You must remember, however, that liability insurance alone will not cover the expenses for damages on your car. It’s only effective for avoiding financial burdens when you’re at fault in the crash since you can use this to pay for the other driver’s repairs and medical bills.

Nonetheless, most RV insurance companies include liability coverage for their policyholders. You won’t have to worry about compliance with the law when you take out a premium plan.

 

  1. Have Access To Emergency Funds

Urgent situations typically entail hefty costs, especially when your RV breaks down or is involved in a crash. If you don’t prepare for these emergencies before they happen, you risk having to borrow cash from family, friends, or local lenders if you’re on vacation.

Progressive has an option for extra coverage that will provide you with transportation and accommodation allowances if your RV breaks down over 50 miles away from your home. This provision covers as high as USD$2,000, which means that you won’t have to siphon money from your savings because of this type of emergency.

 

  1. Get Peace Of Mind

Ultimately, you’re purchasing peace of mind when you apply for RV insurance. Preparing yourself financially for emergencies is a wise and practical step to avoid complications in the future. By doing this, you’ll lift the load off your shoulders when you go on long drives since you know that you and your family are protected.

5 Reasons You Should Get A Progressive RV Insurance

Tips To Save Money On Your RV Insurance

Now that you’re convinced about the advantages of getting coverage for your motorhome, you should also be aware of the ways to get the best deal for your vehicle. These are a few tips that can help you save money on your RV insurance:

 

  1. Shop Around

Research is your best tool to land the coverage that’s perfect for your vehicle and lifestyle. Look for the different insurance providers and their rates, and, then, compare them with each other.

You should consider the premiums as well to make sure that you can pay them each month or year. Shopping around can help you enjoy the most out of your RV insurance.

 

  1. Know The Different Types Of Coverage

You already know what the typical policy includes. However, it’s always better to explore other options since a particular insurance plan might not provide enough coverage for your future needs.

For instance, if you become a full-timer, which is someone who lives in their RV, it would make better financial sense for you to get insurance with higher coverage. This is because you’ll be on the road a lot and you need the financial protection that it provides.

 

  1. Consider Usage-Based Insurance

Conversely, if your motorhome is more for family vacations and road trips, you might want to opt for usage-based insurance. Also known as pay as you drive (PAYD), the cost of this type of coverage depends on the vehicle type, frequency of usage, distance driven, behavior, and place.

Usage-based RV insurance can save you money when you only take your motorhome out for a spin a few times per year. Typically, the premium cost will be based on the odometer reading, mileage, and speed, so it’ll be lesser if you haven’t traveled far.

 

  1. Look For Discounts

Once you’ve found a potential insurance provider, you can ask them about the perks and promos that they offer. A lot of companies partner with RV communities, so you might be able to acquire a membership discount if you’re affiliated with their partner group. Some also incentivize paying early or in lump, such as paying the annual premium at once.

 

  1. Check Your Deductibles

A deductible is an amount that you must pay before the provider disburses funds for a claim. Having a high deductible lowers the liability of the insurance company. It usually accompanies a lower premium, so make sure that you understand the policy before signing up just because it has a cheaper monthly payment.

 

Conclusion

RV insurance, such as the one offered by Progressive, is valuable for motorhome owners. It serves as protection on your investment and allows you to save money on maintenance. It also gives you peace of mind since you automatically comply with the liability coverage mandated by the law, and you gain access to emergency funds.

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