by Administrator
14. July 2015 14:50
While buying RV insurance, it is essential to consider the different types of policies. Certain basic factors affect the rates of the RV insurance and may not be necessary for your specific needs.
Here are some of the variables that play a significant role in determining the rate of your RV insurance:
- Type Of RV: The type of RV that you have purchased may influence the cost of your insurance. Generally, class ‘A’ motor homes tend to have a higher premium than class ‘C’. Motor coaches, camper vans, travel trailers also involve different insurance rates. Thus, you must keep your overall budget in mind before making the decision regarding the type of RV to buy.
- Usage: Using your RV for full time living may require a more comprehensive coverage than you may need while taking it out for weekend or occasional traveling. The reason behind a higher rate for the former one is that as you live inside your RV, you present a higher chance of claims.
- Storage: Factors like crime rate, safety risks and potential environmental hazards in the place where you store your RV can also affect your insurance rate. For instance, if you park your vehicle in a flood or hurricane prone area, there is an increased risk of damage and you will be likely to pay more for an adequate coverage.
- Driving Record: The insurance agency may also consider your previous driving record, accidents or tickets to determine your premiums. Driving an RV is quite different from driving cars. You need to be well acquainted with the height and width restrictions required to park in garages, drive on bridges, turning in constricted areas etc. Absence of sufficient experience in driving RVs may also lead to a higher insurance rate.
- Deductible Options: Opting to pay a higher deductible may lower your rate of RV insurance. However, you should know what amount you could spend out-of-your-pocket in case of any damage to the vehicle or your belongings stored within it.
- Claims History: People having a long history of buying insurance and filing a claim shortly after that may need to pay higher premiums. A higher number of claims may also have a negative effect on your credit score. Thus, you should be responsible enough to manage minor expenses on your own than to file a claim.
For more information on RV insurance and its influential factors, feel free to contact Shawn Camp Insurance Agency, Inc. at (254) 526 – 0535 or visit our office at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.
