Your recreational vehicle (RV) can provide you with many opportunities to explore the world and enjoy new experiences while having reliable lodging and many of the comforts of home. However, even these robust automobiles may eventually need to be temporarily retired as outdoor conditions become less tolerable.
During the winter months, you may store your RV either in your own garage or at someone else’s property to protect it from the elements. After all, these vehicles represent significant financial investments and may be just as vulnerable to ice, snow, falling tree limbs and other winter-related perils. Still, with your RV off the road, you may wish to revisit its insurance needs.
Is RV Insurance Needed While Vehicles Are in Storage?
When you store your RV for the winter, you may be able to garner various insurance-related savings. Certain elements of your regular RV insurance policy, such as third-party liability and medical payments coverages may be less critical if you are certain that you will not be taking your vehicle out on the road any time soon.
Still, some perils, such as theft, vandalism, falling objects and hail, may continue to be worth addressing. With this in mind, reduced coverage during these times may be available and capable of providing adequate financial protection for you and your RV while reducing monthly premiums.
What Should I Consider Before Changing My RV Insurance?
Before committing to any changes regarding your RV coverage, you should conduct thorough due diligence and speak with a qualified insurance professional, such as those at PAC Insurance Services Inc. Failing to maintain appropriate and mandatory coverage could have far-reaching financial consequences that may greatly outweigh the potential savings of adjusting your insurance. For example, bodily injury and property damage liability coverages are typically legally required. Even driving your RV a short distance on public roads without them could lead to severe consequences. Additionally, if you’ve financed your vehicle, your lender may require you to maintain certain levels of coverage regardless of whether or not it’s in storage.
Insuring your RV while in storage can also be complicated, as many insurance carriers’ options and exact coverage details may vary significantly. In many cases, damage caused by another vehicle colliding with your RV, such as in a shared garage, is not covered by these limited policies. As such, you could be on the hook for significant out-of-pocket expenses. Making frequent RV coverage changes could also lead to increased rates, as insurance carriers may be hesitant to offer or renew coverage.
We’re Here to Help
At PAC Insurance Services, we have over 40 years of experience serving motorists, families and individuals in the Birmingham, Bessemer and Roebuck, Alabama, areas. Our agents are committed to helping you understand your RV insurance options and advising you on maintaining ample coverage while achieving optimal rates. Visit our website or call one of our offices today to learn more.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.