Insurance for FL residents is constantly changing. Here are some things to consider when you conduct an annual RV insurance review.
Has the Value of Your RV Changed?
As your RV gets older, it may be worth less and require less insurance coverage. On the other hand, if you have replacement coverage, you may need to increase your policy limits. If your RV was totaled in an accident, you’d want to have enough coverage to replace it with a new one.
Have You Changed How You Store or Park Your RV?
Tell your agent at Morgan Insurance Services if you have moved or changed how you store your RV, as that can impact your insurance premiums. For example, moving to an area with a lower crime rate and securing your RV in a guarded storage space may help reduce your premiums.
Are You Renting Your RV to Others?
If you rent your RV to others as a spare bedroom or short-term rental, you need commercial. Your RV policy may have exclusions that do not cover renting your RV to others.
Are You Letting a Family Member or a Friend Drive Your RV?
Anyone who regularly drives your RV needs to be named as a covered driver in your policy. Be especially cautious if you plan to let a teenage driver operate your RV.
Those are just a few of the common concerns to discuss with your agent at Morgan Insurance Services. We can help you get adequate coverage for your RV after an annual insurance review. We’re currently serving the Tampa, FL, area.
