Whether the vehicle you travel in is a typical car or truck, or something more unique, such as a recreational vehicle, insurance coverage is crucial to protecting your investment. Many drivers make the mistake of believing that there is no need to carry insurance on an RV that is not driven on a daily basis. However, just as an accident can happen in your car, so can it happen in the RV. In fact, when you are traveling long distances in a large mobile home, you may even run into riskier situations than what you normally would in your traditional vehicle. To get the best from your mobile home coverage without spending a lot of money, there are a few simple things you should keep in mind.
You Can Invest Less with Bare Minimum Insurance
Each province has its own regulations about how much insurance you are required by law to carry on your motor vehicles. Recreational vehicles that are motorized and not towed along by a travel trailer are considered roadway motor vehicles. Therefore, liability insurance is a requirement in most places. While you can opt for collision coverage or all perils coverage, liability is the bare minimum required by law and will be much less costly. Liability will cover you as a driver in the event you collide with another vehicle on the roadway.
You Can Often Bundle Insurance Policies and Save
When you are shopping for RV insurance, it is always best to check with your current automobile insurance carrier for quotes. In many cases, insurance companies will offer special rates when you bundle coverage policies. If your current carrier does not offer RV insurance, be sure to look for those that offer bundled discounts to save on your needed policies. Not only can you bundle RV coverage with car insurance, but also with other forms, such as health and travel.
You Should Consider Special Circumstances
When looking for the right policy for your RV, it may seem like the cheaper the policy is, the better. However, not having enough coverage can be a costly mistake in the event there is an accident. There are several factors that should influence the amount of coverage you choose:
- How often you drive your RV
- The overall value and age of your RV
- Contents of your RV
- Where you travel in your RV
With a little ingenuity, you can easily find RV insurance that is both affordable and efficient. Saving your hard-earned dollars is all about using your common sense to make the best decisions and talking to your insurance broker about coverage options that will work out the best for your RV.