How Does Insurance Protect My Boat and RV?

Now that winter has finally loosened its grip on campgrounds, rivers and lakes, many households are gearing up to take the boat and/or RV out to enjoy some much needed time with the outdoors. As fishing lines are untangled from months of non-use and boat motors are primed and prepped for the first outing on the water, many people take this time to review their existing boat and RV insurance policies, and some consider shopping around for better coverage. But what makes a good insurance policy for your summer toys?

Any comprehensive boat or RV insurance policy should cover the following:

Liability: Any boater should carry liability insurance that can help pay for costs associated with causing injury or property damage to another boater, swimmer, or homeowner. As for RV owners, liability is a must, especially if your RV is driven rather than towed behind your vehicle. Not only do most states require minimum liability insurance for motorized vehicles, but one accident with a heavy fifth-wheel can cause extensive damage to third parties.

Collision: Boat and RV insurance should also cover any crashes you may experience with another boater or motorist. Most boats cost thousands of dollars and most RVs cost tens of thousands of dollars. This type of vital insurance coverage can help you make swift repairs to your boat or RV following a collision.

Comprehensive: This kind of coverage can help you make repairs to or replace or boat or RV if it is damaged or totaled by fire, severe weather, theft, vandalism, or any other covered event.

Specialized coverage: Most insurance companies also offer a number of coverage options that you may want to consider added to your policies. These include: Wreckage coverage to help you remove a sunken boat from the water; Full-timers coverage for those road warriors who live in their RVs year-round;  Accessories coverage for those who make considerable investments in fishing gear, camping equipment or other accessories stored in your boat or RV; and Campground coverage that can help protect you while you’re on an extended vacation.

Another important aspect to review before you take the boat or RV out for the first time this summer is if the rates you are paying now are as affordable as they come. Our knowledgeable agents can help you compare boat and RV insurance policies from a number of providers, enabling you to find the best coverage at the most affordable rates. Contact us to find out how you can vacation with peace of mind.

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