Unlike what most people believe, RV insurance and car insurance are not the same. The RV is more than a car and it is not quite a home. This is why many RV owners find it difficult to find the right coverage at an affordable rate. When deciding on the right coverage for your RV, we have to consider the type and use so that we can customize your policy. There are several insurance coverage options in Texas, understanding each of them should be the first step before purchasing an insurance policy from Parker Preferred Insurance in McKinney, TX.
In most states, it is mandatory for RV drivers to have liability coverage. It is also referred to as property damage or bodily injury. This insurance will cover expenses related to accidents including the cost of repairing a damaged RV or personal injury.
In case your RV gets into an accident, collision coverage will cover the damages regardless of fault. If the RV is leased or financed you might be required to have collision coverage.
Many Texas residents confuse collision coverage and comprehensive coverage. A comprehensive insurance coverage will cover damage on the RV that is not caused by a collision with another vehicle. It covers damage caused by theft, fire, storms, vandalism, and accidents that involve animals.
This covers not only you but also your passengers in the RV as well in case of an accident. This covers reasonable and necessary medical or funeral expenses. In some cases, it can even cover work loss. PIP is compulsory in some states but optional in others.
This coverage comes in handy when a driver with no insurance injures or causes death to someone in an accident. It also covers you and your passengers if the driver who caused the accident does not have enough insurance to cover the damages to the RV.
You can contact Parker Preferred Insurance in McKinney, TX to discuss coverage options. Our agents are ready to work with you and educate you on the benefits of an RV insurance policy. Contact our offices to get a quote and learn how to get started.
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