Life Happens 365 - Are You Managing the Risk?

By Diane Tait Image courtesy Pixabay I was putting out the trash a couple of days ago when I noticed a rented RV parked on my neighbor’s driveway.   It was hard to miss since it had the words 4-RENT prominently painted on its flanks.   So, I went back in the house and called my neighbor to ask her if she had purchased additional insurance on her rental.   She told me her auto insurance covered rented vehicles, including RVs.   I told her while her auto coverage may extend to accidents on the road, she should call her agent to find out about liability coverage, as well as any damage done to the vehicle that isn’t related to driving-related incidents.   Then I gave her a list of ten questions to ask her agent about RV coverage.       1.       Does your collision, comprehensive and liability coverage extend to a rented RV? Never assume that everything that applies to the family sedan applies to a rental vehic...

  By Diane Tait If you have been considering purchasing a recreational vehicle, you might be wondering what kind of insurance coverage you need.   That’s a good question, since RVs come in all shapes and sizes.   Some are literally the size of a bus, while others are as small as a minivan.   Then there are fifth-wheel RVs that have to be pulled along by another vehicle.   Before you start negotiating with an owner or dealer over the cost of an RV, you owe it to yourself to learn about the ins and outs of RV insurance.