Replacement cost coverage is a very powerful tool to have when you need it. The goal of having adequate replacement cost coverage is for the protection amount to help the insured person get back to the status they had before the problem occurred.
It is a Mistake to be Underinsured
When considering how to insure a recreational vehicle (RV), it is a mistake if you only cover its blue-book value for the resale of the RV. If it gets in an accident, where it is totaled or it burns up in a fire, your insurance may not cover everything. In most cases, resale valuation is too low for insurance because RVs contain many things inside them that are valuable. With inadequate protection, all of those things may be lost.
Take Inventory for Complete Protection
Work with your agent at Front Range Insurance Services, serving Littleton, CO and the surrounding area, to discuss these matters. Consider getting replacement insurance for the RV and all of its contents. With replacement insurance, if an item is covered, the insurance company will give you enough to get a new one of the same type. Say, for example, somebody steals your television when you are away from the RV. If the TV is covered, then, you will be able to get a new one of the same type, not a used one.
You will want to make a complete inventory of all the items you already have in the RV and save receipts for any new purchases. It is helpful to make a video of all the items. In the video recording, clearly show the items, their brand name, and any identification numbers. Also, ask your agent about road service coverage and rental car coverage, if the RV needs repairs when you are on vacation.
To get an RV insurance review and a quote, contact your agent at Front Range Insurance Services in Littleton, CO.