Summer vacations are the best. Sun, sand, beaches – what could be better? Not much to be honest. But sometimes things happen on vacation that we don’t have any control over and those things can make a bad day even worse. Like an auto accident. If you don’t have adequate coverage you might find yourself fielding some pretty hefty costs. So here is our advice for prepping BEFORE you go on that family vacation.
Check your insurance policies
Insurance is one of the greatest defenses you have in life against the unexpected, which means it is important that you make sure your policies are up to snuff.
Auto Insurance – Know your limits and deductibles.
We all know that low deductibles mean higher monthly payments, but they also mean less money spent at the repair shop following an accident. Be sure that you are comfortable with paying the full amount of your deductible should you be involved in a fender bender. Too high? Too low? Talk to your agent before changing anything.
RV Insurance – Are all your belongings protected?
An RV isn’t a car, and it isn’t a home. It is a special hybrid that requires the special protection of RV Insurance. Let’s say you’re parked at a KOA outside the entrance to Yosemite, is your vehicle properly insured to ensure that any accessories, like any antennas or awnings or covered should damage occur? Read over your policy and find out.
Home Insurance – What is your off-premises coverage?
The good news is that your Home Insurance will pay to replace any damaged belongings you bring with you on vacation. The bad news is that it only pays about 10% of their actual value when a loss occurs off-premise. So, if you have $100,000 in personal property coverage, $10,000 would be available to cover the cost of anything that is damaged away form the home. You can combat this problem with Travel Insurance, which is also a great investment for those of you travelling internationally this summer.
From Texan Insurance, happy trails to all!
