Motorhome insurance is not much different from other types of policies. The main difference is the range of applications, models and obligations specific to motorhomes. The different types of recreational vehicles, from pop-up campers, toy transporters, and truck campers, can make choosing the right policy a little confusing. In addition, the different activities, risks and liabilities associated with owning these types of vehicles can make policy selection even more stressful. This article discusses the most common mistakes owners make when purchasing motorhome insurance.
Mistake 1: Assuming auto insurance is enough
As a motorhome owner, you need to understand that this car is more than just a big car. It is a specialized vehicle that needs a different kind of policy and coverage. Firstly, it needs a cover that can also accommodate the personal belongings stored in it. The policy should also include discounts that reflect when and where you will be driving the vehicle, as well as the services it needs. With that said, you need to make sure the policy has the right coverage appropriate for a specialized car.
Mistake 2: Choosing Insufficient RV Liability Insurance
Liability coverage protects you in the event of an unfortunate incident such as theft, vandalism, fire, which could damage your vehicle. Choosing insufficient liability coverage can lead to huge financial losses, especially since medical expenses and loss wages can quickly exceed the limit of the coverage. For this reason, you should choose one that reflects your financial situation. Avoid blindly following state-required minimums.
Mistake 3: Buying the policy with the lowest price
While you’re trying to save money, you should avoid buying the lowest price available. You must understand that reliable and specialized motorhome insurance is very important. You must compare the features and services on top of the prices.
Error 4: Ignoring possible discounts
There are many things that can lower your premium. The built-in premium savings and the discounts can help you with that. Here are some of the discounts you may be eligible for:
- Combine coverage to insure your RV and other cars on the same policy or carrier.
- Rent a storage unit that allows you to suspend the covers you don’t need when you’re not using your motorhome.
- Installing safety and security features on your vehicle
- Have a safe and clean driving record.
To take advantage of these discounts, you must consult an agent. Take advantage of these discounts to save even more.
4 common mistakes when choosing motorhome insurance
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