Motorhome insurance provides financial cover against damage to the vehicle and its contents in the event of an accident, fire or theft. Since conventional auto insurance does not provide adequate coverage to your motorhome and its contents, buying specialty motorhome insurance is a must for all motorhome owners.
Is Motorhome Insurance Expensive?
Insurance companies believe that motorhome drivers have sufficient experience. Moreover, by its very nature, a motorhome is not meant for racing or rash driving. Therefore, insurers believe that a motorhome is less prone to accidents. Also, a motorhome is has lesser probability of thefts due to its large size. These factors make motorhome insurance less expensive than a normal auto insurance policy.
Types of Coverage Under Motorhome Insurance
Total loss replacement: Under this cover, the insurance company replaces the vehicle with a new motorhome of the same make or an older one of equivalent value, in the event of complete demolition.
Physical damage: This covers the repairing costs following an accident or vandalism. It includes repairs for damage to the vehicle’s body, large windows, panels, awnings and generators. Make sure that the policy covers loss or damage due to exploding of gas bottles fitted in the motorhome as well.
Personal effects cover: A motorhome has several expensive personal contents, such as laptop, refrigerator and other gadgets. It is, therefore, important to buy personal contents cover. Insurance companies offer different coverage for personal effects. The extent of personal cover one wishes to buy can be the deciding factor for choosing a particular motorhome insurance policy.
Breakdown cover: Under this cover, the insurance company provides 24x7 roadside assistance in the event of a breakdown or mechanical failure. However, do remember that roadside assistance will have limited area coverage. This may not be valid for continental tours.
Bodily injury cover: Ensure sufficient bodily injury cover to save on medical and hospitalization expenses in the event of an accident or fire.
Consider insurance policies from different companies before buying motorhome insurance. It is essential to understand the terms and conditions of the policy as stated in the policy disclosure document. It is possible that an insurance company may deny cover when you need it. To avoid such situations, insist on buying motorhome insurance from reputed organizations alone.