Portland, OR vacationers know an RV isn’t just a new car: it’s both a new car and a home-away-from-home. Whether you plan to take it camping with friends or across the country with the family, an RV is a significant investment. However, insurance for motorhomes is a little bit different than insurance for either cars or conventional homes. It’s critical that you get an RV insurance policy that will keep you and your loved ones financially safe, and a regular auto policy doesn’t quite do that when you have an RV.
Peggy Romero and Associates can help you design the ideal RV insurance policy, balancing the risks of ownership with the importance of a reasonable budget. Wherever you may wander, we’ll ensure you’re protected.
Call our Portland, Oregon office at 503-255-7828 for a quote!
What Is RV Insurance?
RV insurance provides coverage in the case of collision, injury, or loss. As a basic starting point, it’s fairly similar to auto insurance, but it’s meant for a wider array of incidents and vehicles. It also takes into account the fact that you and your family will be spending more time in the vehicle than you’d spend in a typical car.
These policies differ based on your particular vehicle and uses. As with a typical auto insurance policy, RV insurance usually covers bodily injury and property damage liability as well as comprehensive and collision protection. You can also add provisions to your policy to address medical payments, vacation liability, uninsured motorists, personal injury protection, contents coverage, and even sound system protection.
Who Needs RV Insurance In Oregon?
Simply put, if you own an RV, you need RV insurance. Some motorhome owners assume that an auto policy will be good enough, but that can have unfortunate results: in the case of a claim, you may find that your auto policy does not cover your RV.
In addition to the liability that is necessary in Portland, Oregon and Washington, some of the benefits to getting RV coverage include:
- Insurance for not just your vehicle, but the property inside of your vehicle, too.
- Protection against weather and natural disasters. RVs are out on the road for long stretches of time, so you run the risk of fire, lightening, and falling trees or objects.
- Replacement coverage costs. Many RV insurance policies offer replacement cost coverage rather than actual cash value coverage if your RV is totaled within the first few years of ownership.
- Coverage outside of the U.S. Some RV policies can be adjusted to cover you if you’re traveling beyond U.S. borders; others allow you to add a rider or cooperate with other foreign insurance companies to protect yourself.
Remember, an RV and the contents it carries represent a significantly higher investment than just your day-to-day car. Make sure your policy fits your needs without exposing you to unnecessary risks.
What Does RV Insurance Cover?
Because of the variability between different RV uses, there’s no “one-size-fits-all” policy. Typically, however, a basic RV insurance plan covers:
- Bodily injury and property damage liability protection: As in auto policy, you’ll have protection in the case that you hurt another person or damage his or her property while operating your RV.
- Collision coverage: This is again similar to an auto policy, but it can provide higher limits in many cases. It will cover your RV if you cause damage by way of running into another car, a pole, or object.
- Comprehensive coverage: This takes care of non-collision damages and is especially important for RV owners. You’ll be protected against theft, fire, or falling objects.
The majority of RV owners in Oregon should also get contents coverage, since the RV will be home to personal effects. A typical homeowner’s or renter’s insurance policy covers a certain amount of your property when you’re away from home, but RV policies allow you to more precisely take into account the value of the property in your vehicle, ensuring that your possessions and even livelihood is protected in the case of disaster.
On the other hand, if you’re just taking an extended vacation, many policies offer the option of adding vacation liability, which increases your bodily injury and property damage liability limits for a specified period of time.
Finally, you can customize your Portland, Oregon or Washington RV insurance plan to meet your needs. We have a storage option so you can remove liability from the policy while it is parked long term.
Recommended additions to your policy are personal injury protection and medical payments, which assist in paying for any injuries that arise during your trip. Our policies include uninsured motorist coverage, which helps you pay the bill if you get into an accident with an uninsured or underinsured driver, and roadside assistance coverage, which protects you against footing the bill for a break-down.
We know you like your toys. That’s why we at Peggy Romero Insurance are dedicated to protecting them. Whether it’s an RV, ATV, personal water craft, or boat, we’ve got you covered. Call us today to see all the ways we can help protect your investment so you can enjoy it – without worry about coverage. Call us today at 503-255-7828 for a free quote!