RV life can be fun and unpredictable at the same time. While on the road, you need to take safety precautions to prevent accidents. Surprises from friends, family, neighbors and even the camping site are always good. However, if unexpected surprises like bumps in the road ruin your trip, you know for sure that they bring a headache.
Owning an RV does not always guarantee a smooth-sailing ride. There are obstacles and you need to be prepared for these not-so-pleasant surprises. Even though you are faced with a plethora of obstacles associated with embarking on an RV lifestyle, you can still protect yourself by securing insurance and warranty products. This is where RV warranty protection and RV insurance come in.
With the RV insurance, the coverage will revolve around collision and comp insurance. This type of insurance can be compared to the policies when securing insurance for personal cars or regular vehicles. The policy will serve as your protection against the financial burden associated with damages or accidents due to extreme circumstances like vandalism, fire, or vehicle theft. Every state requires a minimum amount to be paid for liability insurance. Before you hit the road, be sure to secure the RV insurance as it will serve as your protection. The insurance comes in different categories:
Minimum Liability Insurance-With this type of insurance, the state’s type of coverage is set to minimum. The extended protection is intended for accidents. The coverage includes shouldering expenses for damages done to the other vehicle and injuries to all passengers and drivers who have been involved in the accident. The insurance also covers legal actions which may take place from the incident.
Comp & Collision Insurance-If the basic insurance is not enough to give you peace of mind while on the road, the comp and collision RV insurance is a good option. With this type of insurance, you will be able to obtain protection for collision injury and damages.
There are also additional options to consider. If one of the parties involved in the accident is an uninsured motorist, this RV insurance will extend protection. Savvy RVers will also add more protection options especially if they own high-end coaches. Some of the options you may add are pet injury coverage, roadside assistance, personal item coverage, unlimited towing and much more.
Total Loss-This type of insurance is a component of comp and collision RV insurance. This coverage will define your payout limitations in case the RV damage resulted in a total loss. The option that you will usually gain access to is the Market Value. With this option, you will get reimbursement for the current value of your RV at the time of loss. RVers also have the option to upgrade the insurance to a higher premium. The upgrade extends the coverage by replacing the loss with a new vehicle of the same quality and kind.
RV Extended Warranty
The extended warranty is a protection policy which is also referred to as an RV extended service. This type of warranty comes from the 3rd party outside of the manufacturer of your RV. The purpose of extended warranties is to provide coverage for the repair costs due to mechanical failure. In most cases, extended warranties will pay for the labor, cost of diagnosis and full parts. However, the contract does not include failures caused by the weather, accident or any physical damage. In a nutshell, extended warranties are the exact opposite of liability insurance.
Exclusionary Extended Warranty-This type of warranty has the highest level of coverage. You will be provided with a list of things covered and not covered by the policy. This warranty is ideal for travelers who want to have a stress-free RV camping because of the inclusions of this extended warranty.
Listed Component Policy-This RV warranty is also known as the comprehensive policy and this is exclusionary warranty’s exact opposite. You will also be provided with a list of things that the policy will cover. So if mechanical failure is not listed, it means that the warranty does not cover it. Some of the items that the listed component policy covers are heating, appliances, cooling components, leaving jacks, engine, powertrain and more. This type of warranty is more affordable than the exclusionary warranty.
Powertrain Only Warranty-As what the name of the warranty suggests, this type of extended warranty will cover the payment for breakdowns in your drive axle, transmission, and engine. If you want to avoid paying for expensive repair bills, this is the type of warranty you should consider.
If you want to know more about RV insurance and extended warranties, you may also discuss your options with Dallas RV dealer. Making an informed buying decision starts with doing your own research.