Anyone that lives in the Federal Way, WA area is going to be well aware of all the amazing recreational activities that are within a reasonable drive. If you want to experience all that this area has to offer, investing in your own RV is a great option. With an RV, you will have a place where you can sleep at night while also enjoying a safe mode of transportation. Anyone who buys an RV in this area needs to get insurance for it. Insurance is needed for a few reasons.
Insurance Protects RV
A key reason to get an RV insurance policy is so you can protect your RV. Buying an RV comes with a big investment and having it pay off in the future is important. If you happen to get into an accident or the RV is stolen, and you are uninsured, you could lose the asset entirely. This coverage is also needed if you have financed the RV with a new loan.
Insurance Will Protect Against Liability Risk
RV owners here should also obtain insurance as a way to mitigate liability risk. Anyone that drives any type of vehicle will be held responsible for accidents they cause while driving. Additionally, if someone is hurt in your RV when it’s not on the road, the owner can be found responsible. RV insurance will protect against these risks.
Getting RV insurance is a necessity for those that own one in the Federal Way, WA. If you are looking for a plan in this area, it would be a good idea to call Hart Insurance. The team with Hart Insurance knows all about RV insurance and how it will protect an RV owner. They can offer you any support that you need to build and choose a new insurance plan.
Uninsured/Underinsured Motorist coverage helps pay for damage to your vehicle and injuries to you or your passengers if the other driver is at-fault and has no insurance or not enough insurance or a hit-and-run situation. Even if you have health insurance, you and any of your passengers will typically have out of pocket deductibles and coinsurance. Your Uninsured Motorist coverage may have a small deductible depending on the situation, but no co-insurance.
The Insurance Research Council 2019 study showed that the state of Washington ranks fifth highest in the country in the percentage of uninsured motorists with an estimate of 21.7 percent. That means more than one in five people don’t have auto insurance! The number of uninsured motorists is tied to the economic climate, so the number may be higher now due to the financial impact of the pandemic.
Washington State’s minimum limit of liability is $25,000 bodily injury per person/$50,000 per accident and $10,000 property damage. Many drivers included in the insured driver statistics have those limits which don’t begin to cover the cost for serious injuries.
You can try to collect damages through the courts, but there’s a good chance that the other party won’t have the resources to cover your costs—not to mention that going to court is a stressful and time-intensive process.
The amount of Uninsured/Underinsured Motorist coverage you can get is tied to your liability limit. Many of our companies also offer one million or more coverage for Uninsured Motorist with an endorsement if your auto policy has a high enough Liability limit. Give us a call to see if you qualify.