Besides a mere mode of transportation, an RV can be a temporary, or road-specific, home, a vacation site, even an office. With the pandemic keeping workers at home an RV may even have added allure as a way to social distance and still have the needed amenities of a workspace. Obviously, it is is an imperative to have this newly lustrous accommodation insured. In doing so, it pays to keep somethings under consideration. For example, your premium is likely to be less if your RV spends a substantial amount of time not being under active use. It’s also important to remember that an RV is not like other vehicles. It is not to be treated as an ordinary car. It requires specific RV coverage. One needed piece of coverage you would not get with a car is an emergency expense allowance. This allowance will cover your sudden need to stay somewhere other than your RV while it is being fixed. There are even policies that will help with vet bills should your best friend sustain an injury in your RV. Terms can be tricky too. For example, your policy for replacing your RV could include “agreed value, cash value, or replacement value.” Obviously, your vehicle depreciates the second it strays from the lot. However, cash value does try to go for a fair market value.
- Insuring your RV properly can help it function as both your home and workplace.
- Here are some helpful tips to keep in mind while shopping for insurance, including things like pet coverage.
- In addition, you should make sure that you decide between actual cash value and other ways of getting money.
“As more and more people embrace the work from home lifestyle, RV ownership is becoming exceptionally attractive.”