RV’s ownership gives you the freedom to explore the fantastic sceneries of New Mexico. Even better, when you carry RV insurance from Franklin Insurance Agency located in Rio Rancho, NM, you can enjoy your travels knowing that you and your investment are secure.
If you are new to RV insurance, it can be challenging to obtain the right coverage. However, with the below advice, you can be sure that you and your RV are well protected whether your RV is on the road or parked on the driveway or garage.
Must-have RV insurance
While it’s mandatory to carry RV insurance, carrying this insurance is a lot cooler than complying with the law. RV insurance protects your investment, pays for medical expenses, covers you against liabilities, and gives you protection, just like homeowners’ insurance. However, you must add the below coverages to your policy for you to get the best out of your RV insurance.
- Liability coverage: Whether it’s bodily damage or property damage to third parties, RV insurance ensures that you don’t pay for damages caused from your pocket.
- Comprehensive and collision coverage: Whether parked or on the road, this is a must-have coverage. The collision insurance pays for the replacement or damages sustained by your RV in an accident. The comprehensive coverage protects your RV from a wide array of perils like theft, vandalism, fire, falling objects, storms, and other risks stated in your policy document.
- Medical payments: Given how expensive healthcare can be, accident-related injuries can cripple you financially, especially if you don’t have health insurance. Fortunately, the medical payment coverage can rescue the day by covering accident-related injuries whether you are at fault or not.
- Uninsured/underinsured motorist coverage: Did you know that approximately 1 in 8 motorists doesn’t carry auto insurance in America? For this reason, you should carry this coverage to pay for damages for hit-and-run situations or when you are involved in an accident with a motorist carrying no or insufficient insurance.
Are you an RV owner without RV insurance? Don’t compromise your safety and that of your RV. Instead, contact or visit Franklin Insurance Agency offices in Rio Rancho, NM, to purchase customized RV insurance unique to your needs.