Many think their homeowner’s or auto insurance will cover their recreational vehicle (RV) when they take it out on the open road. Unfortunately, this is not always the case. While some homeowner’s policies offer some coverage for RVs, it is usually not enough to fully protect you in an accident or other incident. This is why having a separate policy for your RV is so important. But how much insurance do you need?
The Value of Your RV
The vehicle’s value is one of the most critical factors in determining how much insurance you need for your RV. The more valuable your RV is, the more coverage you will need. You should always insure your RV for at least its replacement value—the amount it would cost to replace it if it were totaled in an accident. Your McCormick Insurance Inc. agent can help determine your RV’s replacement value.
Your location in Florida also affects how much insurance you need. If you live in an area with a high risk of heavy hurricane damage or other natural disasters, for example, you will likely need more coverage than someone who lives in an area with a low risk of such events. This is because there is a greater chance that your RV could be damaged or destroyed by a natural disaster if you live in a high-risk area.
How Often You Use Your RV
Another critical factor to consider is how often you use your RV in Pembroke Pines, FL. If you only take it out a few times each year, you may be able to get by with less coverage than someone who uses their RV on a more regular basis. This is because there is less chance that something will happen to your RV when it is not used as often.
Contact McCormick Insurance Inc. to discuss your particular needs and to get a quote for RV insurance.