When you are considering buying RV insurance, there are a few things you need to keep in mind. The first is that not all policies are the same. You must ensure that you get the right coverage for your needs. At Colling Insurance Services, Inc., we can help you find the right RV insurance policy for your needs. Here are a few things we recommend you consider when shopping for RV insurance:
Compare Total Loss Replacement Vs. Actual Cash Value
Replacement Cost Value (RCV) is the amount needed to replace your RV with one of a similar kind and quality at the current market price. Actual Cash Value (ACV) accounts for depreciation and is generally less than RCV. It’s crucial that you understand the difference to make an informed decision about which type of coverage is right for you.
Get a Quote for Full-Timer Coverage
If you plan on living in your RV full-time, you will need a quote for full-time coverage. This type of coverage differs from standard RV insurance and will cover things like your personal belongings, liability, and medical payments.
Ask About Discounts
A number of discounts available can help you save money on your RV insurance premium. Some of the discounts that may be available to you include:
- Multi-policy discount: If you have more than one policy with the same company, you may be eligible for a discount.
- Good driver discount: If you have a clean driving record in Lakewood, CO, you may be eligible for a discount.
Make Sure You Have Enough Liability Coverage
Liability coverage is important because it protects you if you are found at fault in an accident. The liability coverage you need will depend on several factors, including the value of your RV and assets.
When you are shopping for RV insurance, be sure to keep these things in mind. If you have any questions, our Colling Insurance Services, Inc. team is here to help. We can work with you to find the right RV insurance policy for your needs and budget. Give us a call today or visit us in Lakewood, CO.