The weather is starting to heat up, those spring and summer trips you have planned are not too far away. We know that being out in nature is the best way to recover from being stuck in the house all winter, making camping the go-to trip for family and friends. Some will be tenting while others will opt for the comfort of a camper or RV. If you choose the latter, here is some insurance advice before heading to the great outdoors.
Did you know?
An RV policy is designed to accommodate almost all recreational vehicles from pop-ups to coaches
While towing an RV/Camper, liability only is extended from your auto insurance
While the RV/Camper is unhitched at your primary residence, liability will only be extended from your homeowners insurance
An RV policy provides liability while being stored away from the primary residence
In this economic climate we are all looking for ways to skim back, trim the fat, however dropping your collision/comprehensive coverage may be a costly decision.
We use our cars for the dreaded carpool, family vacations, to drive mommy dearest to her Doctor’s appointments, as well as to move your son back home for the second time. Lastly, you have just paid his tuition fees for the Fall Semester and this seems to be good time to scale back on expenses. You know you’re a safe driver! And you no longer are required to carry comprehensive and collision coverage, so why not drop it?
In the meantime your vehicle is damaged beyond repair. The other driver is at fault but doesn’t have adequate insurance or any insurance at all to replace your vehicle or the other two parked cars he/she has hit. You will now incur the costs of purchasing a new car.
For example: If at the time of loss, coverage was still in place, your 2010 vehicle valued at $11,000 was subject to a $1,000 deductible; and you and the carrier agree on a settlement of $9,000. A check for $8,000 would surely come in handy.
The average cost for a moderately priced sedan is between $25,000-$30,000. Finance agreements typically last for 4 years. A general rule of thumb would be to drop the coverage for average vehicles after 10 years. Antique or Classic automobiles would be an exception as their value often appreciates.
You can reference http://www.nadaguides.com for estimates of all types of vehicles. This type of information will help you make an informed decision as to whether or not you should keep Comprehensive and Collision coverage in place.
Dear Sherri,Is my Camper covered while being towed by my vehicle to our vacation destination? – Having fun in the sun
Dear Having Fun,
Ahhh camping; driving on the open road, having the whole family together, cooking, cleaning up… Good God why would you do this? Anyway, in response to your question, while being towed, coverage is extended from your personal auto policy to your camper for liability coverage ONLY. The camper must have its own comprehensive and collision coverage that you can purchase on a separate camper or RV (Recreational Vehicle) policy. It is always best to purchase an RV policy as these types of policies can include basic liability, medical payments, physical damage, replacement cost, contents, personal effects coverage, trip interruption and towing. However, remember to never allow passengers in the RV/Camper while it is being towed or when it is parked and you are taking a nap.
As always, check with your Insurance agent or carrier to be sure your camper has adequate coverage.
Q: If I hit a deer on the way home from a camping trip, what part of my auto policy pays the claim, Comprehensive or Collision?
A: Comprehensive Coverage. Most people think that colliding with something, be it an animal or inanimate object, must be covered under the Collision provision of the policy. However, accidents with animals are actually covered under the Comprehensive Coverage of your automobile policy
Do you have an insurance question? If so, e-mail it here and our insurance professional Sherri will give you the scoop on all you need to know. Your question might also appear in our Ask Sherri video series!
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