{"id":410,"date":"2019-10-25T08:45:55","date_gmt":"2019-10-25T15:45:55","guid":{"rendered":"https:\/\/www.insureone.com\/knowledge-center\/?p=410"},"modified":"2025-05-19T14:16:27","modified_gmt":"2025-05-19T21:16:27","slug":"rv-insurance-know-right-coverage","status":"publish","type":"post","link":"https:\/\/www.insureone.com\/knowledge-center\/rv\/rv-insurance-basics\/rv-insurance-know-right-coverage\/","title":{"rendered":"RV Insurance \u2013 How Do I Know If I Have the Right Coverage?"},"content":{"rendered":"\n

With summer upon us and the Labor Day weekend fast approaching, Americans are taking full advantage of their vacation time. Many continue to purchase recreational vehicles, ready to hit the road and head for the wide-open spaces. But, it goes without saying, an RV is a big investment that involves a certain amount of risk, and it\u2019s important to have the proper insurance coverage in case of an accident or loss. The last thing you want is to lose your home on wheels while vacationing, and unexpectedly find out it\u2019s not fully covered. That\u2019s why, unlike car insurance<\/a>, RV insurance combines components of both home and auto insurance to provide coverage that is uniquely designed for those who live on the road.<\/p>\n\n\n\n

If you\u2019re buying RV insurance, especially if you\u2019re a novice, and you don\u2019t know very much about it, an important thing to know is that this type of insurance is normally referred to as \u201cspecialty or specialized\u201d policies. The reason being, specialty RV coverage offers protection that isn\u2019t available with regular car insurance policies. A prime example of this is if the vehicle is totaled. A traditional auto policy would only give you what is known as \u201cactual cash value\u201d for your RV, which means you would receive whatever it was worth at the time it was totaled. Depending on its age and depreciation, you would probably not have enough to buy a replacement.<\/p>\n\n\n\n

However, if you purchase a specialty policy, some insurers offer options that allow RV owners to insure their vehicles for the total loss replacement value. In other words, should your RV be totaled, you\u2019d receive enough cash to buy a new RV of the same make and model. Furthermore, you may be reimbursed for emergency expenses if your RV is in the shop for repairs or uninhabitable. Lodging, meals, and transportation would also be covered if you were stranded. Keep in mind that emergency expense coverage varies, and you should check with your insurer to get all the details of your policy. Don\u2019t assume. If you don\u2019t know, ask.<\/p>\n\n\n\n

\"RV<\/figure>\n\n\n\n

Owning and operating an RV isn\u2019t cheap, so when it comes to saving money, you may want to ask your insurance company if your RV policy includes what\u2018s known as \u201cdiminishing deductibles\u201d.  This is coverage that reduces your financial burden over the life of your vehicle. Here\u2019s how it works:<\/p>\n\n\n\n

After each claim-free year, the deductibles for the comprehensive and collision parts of the coverage are reduced by a set percentage of the original deductibles until they reach zero. To simplify things, let\u2019s say both the collision and comprehensive have $1,000 deductibles. If the deductibles are reduced by 25 percent ($250) each year you don\u2019t file a claim, at the end of four years, your initial deductible would be down to zero. If the option is offered to you by your insurance agent, take it. It\u2019s well worth it.<\/p>\n\n\n\n

Remember, RV insurance isn\u2019t traditional insurance or high-risk auto insurance\u2026it\u2019s \u201cspecialized\u201d insurance. Make sure you have it before you hit the road this summer.<\/p>\n\n\n\n

Anytime you head out on vacation, it\u2019s always a good idea to check you\u2019re getting the best rate on your car insurance. Why not get a free car insurance quote<\/a> today?<\/p>\n\n\n\n

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With summer upon us and the Labor Day weekend fast approaching, Americans are taking full advantage of their vacation time. Many continue to purchase recreational vehicles, ready to hit the road and head for the wide-open spaces. But, it goes without saying, an RV is a big investment that involves a certain amount of risk, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-410","post","type-post","status-publish","format-standard","hentry","category-rv-insurance-basics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/410"}],"collection":[{"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/comments?post=410"}],"version-history":[{"count":6,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/410\/revisions"}],"predecessor-version":[{"id":4310,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/410\/revisions\/4310"}],"wp:attachment":[{"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/media?parent=410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/categories?post=410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/tags?post=410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}