Exploring the many beautiful sites this country has to offer is a favored pastime of many Alaska residents. In fact, people in this state spend around $28.8 million a year on RV sales and services. If you are among Alaska’s recreational vehicle enthusiasts, you can benefit from having a good RV insurance policy.
Local independent agents are available to help you find a competitively priced policy that meets all of your RV coverage needs. Find an insurance agent near you to get more information and to start comparing customized quotes.
What Is RV Insurance?
RV insurance is specialized coverage for motor vehicles that have living quarters, usually including a sleeping area, a kitchenette, and a restroom.
Because you are able to live in your recreational vehicle, RV insurance is a hybrid of auto insurance and home insurance. It can be customized to meet your specific coverage needs depending on the type of recreational vehicle you own, how you use it, and how much you keep in it.
How Much Does RV Insurance Cost in Alaska?
The cost of RV insurance can vary significantly. A towable camper might only cost a couple hundred dollars a year to insure, while a fully decked out motorcoach can cost a few thousand a year to cover.
Costs are calculated based on several of the following factors.
- The type of RV you are insuring
- Your RV’s length, weight, and value
- The value of the personal property you keep inside your RV
- How many miles you drive your RV a year
- How much time you spend living in the vehicle each year
- Your driving record and insurance claims history
- The size of your deductible
If you purchase your RV insurance from the same insurance company that provides your other policies, like homeowners insurance, car insurance, or ATV insurance, you can typically save money on all the policies in the bundle.
The only way to find out how much an RV insurance policy will cost you is to by contacting a few insurance companies and requesting customized quotes. If you prefer, an independent agent can save you time by doing this for you.
Is RV Insurance Required in Alaska?
Many mobile home and RV parks will require you to have suitable RV insurance before you can park your vehicle there.
Additionally, if your recreational vehicle is self-propelled, like a camper van or motorhome, it will be held to the same coverage requirements as your car or truck. In Alaska, this means that your insurance policy must include RV liability insurance in the following amounts.
- Personal property liability insurance: At least $25,000 per incident
- Bodily injury liability insurance: At least $50,000 per person/$100,000 per accident
RVs are larger and heavier than most other vehicles on the road. This means that if you cause a collision while driving one, you are likely to inflict a lot of expensive property damage and potentially serious injuries on others.
If the amount of damage you cause exceeds your policy’s coverage limits, you will be responsible for paying the overages. This can get very expensive very quickly. That is why many RV owners in Alaska opt to buy liability coverage in much higher amounts than the state requires.
If you want even more liability coverage than your RV insurance policy can provide, you can also purchase umbrella insurance.
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What Else Can Alaska RV Insurance Cover?
Not everyone uses their recreational vehicles in the same way. Some people only take their RVs out once or twice a year for family vacations. Others spend months at a time exploring the US and Canada and taking in the beautiful scenery. And some people live in their RVs full time.
That is why insurance companies enable you to tailor your policy to meet your specific coverage needs. You can expect most insurance providers to offer several types of coverage including the following.
- Personal liability coverage: This is designed for people who live in their RVs full time. It can provide the same personal liability protection you would get through a standard homeowners or renters insurance policy.
- Vacation liability coverage: This is designed for people who take their RVs on trips. It can provide additional liability protection if you are responsible for property damage or injuries while staying at an RV park.
- Contents coverage: This is designed to pay the cost of repairing or replacing the property you keep inside your RV, such as appliances, furniture, and clothes, if this property is lost or damaged by a covered event like a fire, severe storm, or property crime.
- Collision coverage: This is designed to cover the cost of repairing or replacing your RV if it is damaged in a collision while you are out on the road, regardless of fault.
- Comprehensive coverage: This is designed to cover the cost of repairing or replacing your RV if it is lost or damaged while it is parked. Covered non-collision events include hazards like severe storms, floods, and property crimes.
- Uninsured motorist insurance: This is designed to cover your property damage as well as medical treatments for you and your passengers if an uninsured driver causes a collision with your RV.
- Towing and roadside assistance: This is designed to cover the costs associated with a roadside assistance service call. Most RVs require specialized towing if they become disabled so this can be particularly beneficial if your vehicle breaks down.
You will want to review all your options before deciding which to buy. That lets you be certain that your policy includes all the coverage you need and that you are not spending money on coverage that isn’t a good fit for you and your family.
Where Can I Find the Best RV Insurance in Alaska?
When you are shopping for best policy to meet your coverage and budgetary needs, a local independent agent can help. These experienced professionals can answer your insurance-related questions and can obtain customized RV insurance quotes from some of the best insurance companies in Alaska.
Discover the many benefits of having a local insurance professional on your side. Arrange an obligation-free consultation with an insurance agent near you.
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