Which RV loss settlement is best for my RV insurance?
The loss settlement you choose will depend on the age of your RV, your needs, and your budget. Keep in mind that some loss settlement options are only available to RVs of a certain age.
Generally, actual cash value policies are cheaper, but you will only receive the market value of your RV. If you do go with a replacement cost or guaranteed replacement cost loss settlement option, remember that you receive a new RV – if you opt for a cash settlement, you will still only get the actual cash value of your original RV.
Does RV insurance cover my personal belongings?
Yes, RV insurance will cover your personal belongings that are usual to the RV. This includes anything that is normally brought along camping such as lawn chairs, kitchen stuff, clothing, barbeques, et cetera.
Some items may not be covered or may not be covered to their full value such as jewelry, electronics, and sport equipment. These are usually covered under your home insurance policy.
Toys like jet skis and ATVs need separate coverage.
Remember, there is a limit on how much coverage you have for your personal belongings. Make sure it is enough to replace what you normally keep in your trailer so that you’re not left paying out of pocket for it.
Does RV insurance cover storm damage?
Yes, RV insurance covers storm damage including wind and hail. Water damage is covered if a storm has opened a hole in your RV, too.
Is my awning covered through RV insurance?
Awnings are usually covered by RV insurance. However, you may have an awning exclusion on your RV insurance if you have a basic policy or have opted to exclude this protection to save money on your premiums.
Awning damage caused by wind may have a special minimum deductible (the amount you pay before your insurance kicks in).