Is motorhome insurance a legal requirement? What type of cover do you need? Do you need motorhome insurance when your vehicle is parked at your home? All the above are commonly googled questions concerning insuring a motorhome and are important elements to consider before you purchase this type of recreational vehicle. Find out the answers to all the above questions and more, right here.
Do I need motorhome insurance?
A motorhome is a type of vehicle, meaning that it’s used on the roads and therefore, requires adequate insurance cover. It doesn’t matter what type of motorhome you have, whether it’s a luxury recreational vehicle or a more basic campervan, it’s still a legal requirement to take out insurance before you hit the road.
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What type of insurance coverage should I get?
There are several different types of motorhome insurance, depending on how you intend to use your vehicle. These are as follows:
- Insurance for social, domestic, and pleasure.
- Insurance for commuting.
- Insurance for personal and business use.
The first type of insurance only covers you for social trips and vacations but doesn’t provide coverage for any work trips. The second type is for business trips only, and the third type of insurance covers you for both personal and business-related journeys.
You must also choose between third-party coverage and comprehensive insurance. The former only covers you for damage or injury to other drivers and their vehicles, not your own, and, the latter, covers for the above and any damage caused to your motorhome, even if it’s your fault.
Do I need motorhome insurance while my motorhome is parked at home?
Even if your motorhome is parked on your driveway, it’s still a good idea to have insurance. This is because, even when your motorhome isn’t in use, it’s still vulnerable to threats such as theft, vandalism, and reckless driving.
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Furthermore, if you intend to take any spontaneous trips or vacations, you’ll have to put this on hold while you look for cover.
How much does motorhome insurance cost?
The cost of motorhome insurance varies greatly and is dependent on several factors including:
- Your location
- The type of motorhome you own
- The age of your motorhome
- The type of coverage you want
- Your claims history
- Your driving history
- How you use your motorhome i.e., for personal or business use
- Your motorhome driving experience
There are lots of insurance companies on the market, both national and regional, which offer motorhome insurance as well as several ones that specialize in insuring motorhomes.
Make sure that you take the time to shop around and compare quotes, as you can find some great deals and discounts when you do this. Other ways to lower your motorhome insurance include driving safely, building your policies, and paying the entire yearly amount in full.