Whether you live in your motor home and drive continuously around the country or you have a fifth-wheel trailer that you use for camping trips with the kids about twice a year, it is important to purchase the best travel trailer insurance you can afford. Because trailers are like a second home to many people, it is important that they are covered like a home. Unlike car insurance, travel trailer insurance often is called on to protect not only the vehicle and other vehicles on the road, but also the important things inside the vehicle.
Full travel trailer insurance coverage will cover loss of items that are in the trailer such as clothes, personal belongings, televisions, stereos and other electronics. While these items are usually not endangered in the case of a normal auto accident, trailers and mobile homes are just as, if not more susceptible to fires, flooding, tornadoes and other acts of God as a normal home is. Many trailers also have attachments such as awnings, small porches, screen doors, antennas and satellite dishes that should also be covered by a comprehensive insurance policy. A good comprehensive travel trailer insurance policy will cover a trailer for accidental losses including collision, theft, vandalism, fire, smoke, landslide, flood, windstorm, lightning, and hail.
Companies such as Foremost Insurance Group offer the types of specialized insurance policies that trailer and mobile home owners are looking for. Foremost Insurance Group offers all types of coverage for recreational vehicles, motor homes, fifth wheels, and travel trailers. A good travel trailer insurance policy should also cover the owner in case of an emergency on the road. Some good policies offer to reimburse the owner for lodging and travel expenses if an accident with the trailer were to occur more than 50 miles from the owner’s home. A good insurance policy for your trailer or RV should also cover you when your vehicle is parked in a campground or vacation spot and you are using your trailer as a residence.
Some trailer insurance companies also offer total loss replacement coverage policies. Unlike traditional car insurance policies, which only pay for the cash value of your vehicle at the time the vehicle was destroyed, a good total loss replacement policy for your trailer or RV does not factor in depreciation for a trailer that is less than five years old, and will replace your vehicle with a new one of comparable value. If you use your trailer as a residence, you should also consider covering it as a residence. If your RV or trailer is covered as a residence, it will have liability coverage in case you are held liable for an accident or injury that happens in or around the RV or trailer.
As many Americans retire, RV’s and travel trailers are becoming more and more popular. The idea of driving your home around the country is very tempting when you are no longer held down by a job. It is important to remember that if your RV or trailer is your home away from home then you should cover it as such.
By:Alex Turman