It’s that time of year when RV and boat shows are in full swing! If you are considering your first RV or boat or have had one for several years, here are some coverages to consider that you may not be aware of:
Many Carriers are offering “Total Loss Replacement” and is available on newly purchased motorhomes, travel trailers and boats that have not been previously sold and are up to one model year old. If the vehicle is totaled in the first 5-10 years, this coverage will replace the vehicle with a previously untitled RV/Boat that is of similar make and model up to 120% of the original purchase price.
Personal Property Coverage / Personal Effects Replacement Cost – These are two different coverages but related. Personal Property Coverage is for the things that you keep in your RV or boat such as linens, utensils, life jackets, water-ski’s, fishing equipment, etc. Just adding this gives you coverage for these items on an Actual Cash Value (ACV) – meaning the Carrier is going to reimburse for depreciated value of the item (think $0.25 on the dollar or $25 for $100 worth of items). If you add the Replacement Cost coverage, the Carrier is going to pay you what it takes in today’s money to replace that item.
Vacation Liability is helpful if you have friends or other visitors to your RV while it is parked in a campsite, this provides premises liability – in the event of a guest injury, you won’t have to seek coverage under your homeowner’s policy. Coverage starts at around $10k up to $500k depending on Carrier.
Liability coverage extends to the trailer only when the tow vehicle is attached.
Propulsion Coverage is for the lower units of outboard motors and the upper and lower units of inboard/outboard motors in the event of a mechanical breakdown, including those caused by wear and tear.
Roadside Assistance is available for the RV, be it a motorized unit or a trailer, as well as to the boat trailer. There is also “roadside” for the boat when it is on the water.
Fuel Spill Liability pays for unintentional oil or fuel spills that result in bodily injury or property damage.
Wreckage Removal Coverage pays for any attempted raising, removal or destruction of the wreckage (boat).
A USCG approved Boater Safety Course or a RV driving course are a great way to save some money on your insurance, but also improve your awareness when operating these vehicles. Be sure to check with your Agent as to which ones are approved.
You may also want to review your liability limits – your agent should be able to help guide you to a level that is going to best protect your quality of life should a claim occur.
If you have questions about your current coverage or new coverage for your boat or RV, please do not hesitate to reach out to us or click here for more info or a quote! We are happy to review your coverage and make sure that you are protected. We wish you a happy, fun filled time this coming season!