How Is RV Insurance Different Than Car Insurance?

Are you planning to purchase an RC and need to get insurance for it? If so, know that RV insurance is not the same as car insurance. Here are some ways that RV insurance is different than the car insurance you are currently familiar with. 

Coverage

What makes RV insurance different is what it actually covers if you were to suffer a loss. Car insurance is just going to cover the car itself, with any personal property in the car being covered by your home insurance policy. However, an RV can be someone's primary home, and the coverage for the personal property inside is included with an insurance policy. This includes personal belongings, furniture, appliances, and anything else in the vehicle. 

Usage

RVs and cars have completely different uses. A car is primarily used for transportation, while an RV is used for a living space and transportation. RVs tend to be parked for a long period of time, and when they are used, they go to different locations than you would with a car. This results in usage coverage that is totally different between a car and an RV. The fact that an RV is used as a home means that you are more likely to be a victim of theft, which would result in a bigger risk for the insurance provider. 

Value

As you can imagine, an RV is going to be a lot more expensive than a typical car. As a result, your RV insurance policy is going to have a more expensive premium to cover the more expensive vehicle. However, RVs tend to drop in value faster than cars. This is because an RV with a lot of miles on it is less appealing than a car with a lot of miles on it. This is due to buyers already paying a higher purchase price for an RV and wanting an RV that is going to last a long time for them to get plenty of use out of it. 

Driving Risk Factors

A car is going to be pretty standard to drive for anyone with a driver's license. However, an RV is going to be a much larger vehicle and difficult to drive. This can lead to someone being more likely to get into an accident with an RV simply due to how big it is. As a result, the higher risk factor when driving is factored into the premiums when buying RV insurance.

Contact a professional to learn more about RV insurance. 

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