Although RV insurance is similar to homeowner insurance, there are some differences that you should be aware of when purchasing insurance quotes. Here’s what RV insurance covers and how to get cheap RV insurance.
Caravan insurance covers:
1. Your RV
Mobile home insurance protects your mobile home and other buildings that you own that are not connected to it. It pays to replace or repair your RV after it has been damaged by fire, storm, vandalism, lightning, explosion, water leaks or any other incident mentioned in your policy.
There are two types of coverage: replacement cost coverage and present value coverage. Replacement cost coverage covers the replacement of your motorhome after it has been destroyed. Actual cash value coverage also pays to replace your home after destruction, but only for the depreciated value.
Standard policies do not cover your mobile home while it is in transit, but you can purchase travel accident insurance if you expect to be moving it.
2. Your Personal Property
RV insurance protects your personal belongings – clothing, furniture, electrical appliances, electrical equipment, tools, sports equipment, etc. It pays to replace these after they have been damaged by the hazards mentioned above
3. Your assets
Mobile home insurance protects your assets. It covers someone else’s medical expenses if you or your family accidentally injure them and property damage expenses if you or your family damage their property. It also covers your court and attorney costs.
Cheap motorhome insurance
To get the best price for RV insurance, you need to get quotes from different insurance companies. The easiest way to do this is to go to an insurance site where you can get quotes from multiple companies. All you have to do is fill out a simple questionnaire and wait for your offers.
The better online insurance comparison sites only work with A-rated companies, so you don’t have to worry about not getting paid for a claim. The best of these sites offer money-saving articles and have an online chat service so you can get answers to your questions from insurance experts (see link below).