Towable RVs, when new, may cost up to $100,000. Motorized RVs may cost up to $600,000, and some luxury RVs cost $2 million or more. Compare those prices to the median cost of a home in America, just over $400,000. Now, you understand why RVs are affectionately called a "home-on-wheels." If you have an RV, be sure to work with your agent at Percheron Insurance Group, serving Pinellas County, FL, to help you manage your RV insurance.
RVs owners love to customize their motor homes and often spend lavishly while outfitting them with amenities such as a wet bar, a sauna, an entertainment center, and telecommunications connections. It is, after all, such fun to be out in the middle of nowhere on a road trip and watch your favorite movies or live sports events streamed from a satellite connection.
Risks of Being Under-Insured
Some RV owners focus so much on improving their RVs that they neglect keeping adequate insurance protection in place. One common error is not to consider the risks of where you will be driving your RV. Your regular luxury home may be nicely placed inside a highly secure gated community, while you drive your more expensive RV into the worst neighborhoods without realizing it.
Inclement weather in Florida may cause problems if you park your RV in a resort area subject to flood risk from storm surge. RVs consume considerable amounts of gasoline. You might get stuck in a dangerous place without enough gasoline to evacuate.
Your RV insurance needs a regular review to consider any risk from road trips and improvements, especially when you do a major customization. Ask your agent at Percheron Insurance Group, serving Pinellas County, FL, to help you manage your RV insurance for trips and the additions or upgrades you make.
