The retired and working populations have begun to invest in motorhomes. It’s a great idea really to be able to travel and yet always be at home. It’s an adventure not suited for the weak but for those who might be called ‘seniors’ but are still young on the inside. But every adventure involves risk and that’s when insurance steps in. Here are 4 essentials to think through as you navigate your way through to the motorhome insurance (RV) policy that’s just right for your family.
1. It’s not that different from auto insurance.
Don’t be intimidated by the term motorhome insurance. It works on most of the same principles as auto insurance. You can choose from a range of coverage packages, just like auto insurance. Installing better anti-theft units will lower premiums. One notable difference is that certain insurance companies might offer a discount if you have a Commercial Driver’s License. Also, if you chose to not use your motorhome for a season, say 6 months out of a year, you might be able to get a lower insurance rate.
2. Balancing co-pay and premiums
As with auto insurance the higher co-pay you agree to, the lower your premiums will be. Whether auto or rv insurance, make sure the co-pay you choose is always affordable. You don’t want to be stuck in a situation where you’re afraid of notifying the insurance agency because of you’ll have to pay the exorbitant co-pay---defeating the purpose of insurance.
3. Better price or better policy features?
While looking at different policies, you have to be aware that it’s not all about the price. Yes, it would be wonderful to pay little for insurance but you want to get a great deal on that price too. Sometimes prices are higher because the policy offers features that are more attractive (and even necessary) like being covered while travelling out of country. If you join groups like Sam’s club or the AARP for those over 50 years, you might be able to get a higher discount on a package that covers everything you want in an insurance policy.
4. Pay attention to what’s excluded
Just like you won’t sacrifice essential features for a lower price, you also need to pay careful attention to what the motorhome insurance policy does not offer. You might just find a feature on the ‘excluded’ list that you can’t do without—a deal breaker for you. Talking to your insurance agent and reading through what you’re signing up for will pay off in the future.
One of the ways you can save is by grouping all your vehicles together and buying insurance for them together. Insurance companies look favorably on multi-vehicle insurance policies and lower their rates significantly. For seniors, completing a certified driving course might be an added advantage. There are a number of ways to save on even rv insurance quotes so don’t give up until you’re satisfied with what you’re paying.
Bethany Collins works from home and is a mother of two naughty kids. She lives with her husband. Her only hobby is reading and her interest lies in topics related to personal finance,aarp car insurance estimate calculator etc. She loves to write on topics like managing your budget, getting instant auto and home insurance quotes, saving money and investments, etc.