Why You Should Undergo a Policy Review After Renovating Your RV

When you redo the interior or exterior of your motorhome, you might think about taking photos for House Beautiful or RV Monthly. Still, you probably don’t consider showing off your hard work to your insurance agent at Alliance Insurance Services. You should because your changes make your rolling home parked in Arvada, CO, worth more money.

Adding Value Means Updating Coverage

When you add to your RV, such as a solar panel system, or update the kitchen appliances, you increase the value of your motorhome. This means you also need a policy review to update your RV insurance. You might consider the updates minor or cosmetic, but the new flooring in your RV or the re-upholstered dining area increases the value of your vehicle.

When you purchased your RV policy, you provided the value of the motorhome and a few photos. When things change, especially for the better, you need to update your coverage.

Let’s say you insured your RV for $75,000. You redid the interior, then added a 2000-watt solar panel system, so you can park anywhere and still have power. You added more than $20,000 of value to your RV, which is not covered until you update your insurance policy.

If an accident occurred, your policy would pay you the policy limit maximum of $75,000 for it. You would lose the $20,000 you sunk into the improvements. Your replacement RV would need the same upgrades to serve you like the damaged one did. You would need to spend the money all over again.

Schedule Your Policy Review Today

Don’t let this happen to you! Contact the friendly insurance agents serving Arvada, CO at Alliance Insurance Services. Undergo a policy review with us and update your policy limits and photos.