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Auto Insurance vs. RV Insurance: The Costliest Insurance Mistake Made by Newbie Full-Timers

In all of the excitement that surrounds the beginning of a new lifestyle, many newbie full-timers miss the crucial difference between purchasing an auto insurance policy and a full- timer RV insurance policy from an RV specialist insurance agency. They neglect to get the personal liability coverage that comes with full-timer RV insurance, and thats the single costliest insurance mistake that new full-timers can make.

Proper Full-Timer RV Insurance Includes Personal Liability Coverage
Your new RV is your new home. You – and others – will hang out, eat, play cards, and visit in and around it. Just like in your home, you are personally liable for any injuries that occur while on your property. An auto insurance policy is not designed to give you a “floating home-owner’s policy” that travels with you wherever you go. It simply cant adapt to covering the ongoing liability conditions that put you at financial risk when youre a full-time RVer.

If your RV park neighbor happens to break his ankle coming down the stairs of your RV and he doesn’t have good health insurance, you could be held legally liable for the cost of his injury. If you only had standard auto insurance coverage, youre suddenly caught in some messy gray area that could find you arguing with adjustors and ultimately paying enormous medical bills out of pocket.

Purchasing auto insurance for your full-time RV rig leaves you grossly underinsured, as it doesnt include comprehensive personal liability coverage. As youre talking with your insurance agent be sure to question them thoroughly about the coverage theyre selling you. If it doesnt include comprehensive personal liability coverage, then you need to find another plan, or even another agency.

In Addition to Personal Liability Coverage Theres Emergency Expense Coverage
Your new RV is your new home, and when youre living in a home your life stops when it becomes uninhabitable. Standard auto insurance coverage policies cant cover the total cost of accidents or breakdowns that require extensive hotel stays, multiple meals on the road, or even car rental while you wait for that special part to make its way across the country.

Specialty RV insurance for full-timers does cover those on-the-road emergency expenses, as the packages are designed with the specialty needs of full-timers in mind. Unless you have budgeted a month’s worth of on-the-road eating, living, and car rental expenses then you should steer well clear of a simple auto insurance plan for your RV. Designated full- timer RV insurance saves you the enormous unexpected side costs of emergency breakdown situations.

Experience the Joys of Full-Timing with Full-Time Insurance
The joys of the full-time RV lifestyle are many: youll be meeting new friends, exploring new states, and discovering what freedom really means.

Don’t make the number one insurance mistake of new full-timers. Give yourself and your travel partner the peace of knowing that all the eventualities of the full-time RV lifestyle are covered in your insurance. Saving money by purchasing auto insurance instead of full-time RV insurance could be one of your costliest RV mistakes.

Renters Insurance Guide – Renters Insurance Simplified

Confused about renters insurance? Here’s a renters insurance guide that will help you understand it.

Renters Insurance Guide

Many people think their landlords insurance will cover them if their possessions are stolen or damaged. Not so. Your landlord’s insurance only covers the building you live in, not your possessions. If you want to protect your possessions you need to get renters insurance.

Renters insurance is one of the least expensive types of insurance, yet it provides invaluable protection for you and your possessions. Renters insurance covers three basic categories:

Personal Property

Personal property coverage pays to replace your possessions if they’re stolen, or damaged by vandalism, fire, smoke, lightning, explosions, windstorms, burst water pipes, or electrical malfunctions.

There are two types of personal property coverages available:

Actual cash value coverage – which pays to replace your personal property minus a deduction for deprecation.

Replacement cost coverage – which pays to replace your personal property with no depreciation deduction.

Standard policies only provide limited coverage for expensive items like jewelry, furs, silver, and collections, so you may need to purchase additional coverage for these items. Standard policies also do not cover damage caused by floods or earthquakes, so if you want coverage for these disasters you’ll need to purchase additional insurance.

Additional Living Expenses

This coverage pays for your living expenses – hotel, motel, and restaurant bills – if your home becomes uninhabitable due to the causes mentioned above. Most insurers will reimburse you for the difference between your additional living expenses and your usual living expenses.

Personal Liability

Personal liability coverage pays for another person’s medical expenses if you, a family member, or your pet injures that person. It also covers damages to that person’s property. Some policies do not cover pets such as as pit bulls or rottweilers.

Standard policies usually come with $100,000 to $300,000 worth of liability coverage, but you can purchase more if you have a lot of assets you want to protect from a lawsuit.

Cheap Renters Insurance

Because renters insurance can vary by hundreds of dollars from one company to the next, the best way to get cheap renters insurance is to visit an insurance comparison website to get quotes from multiple companies.

Visit http://www.LowerRateQuotes.com/renters-insurance.html or click on the following link to get renters insurance quotes from top-rated companies and see how much you can save. You can also get more insurance tips there.