RV Insurance--What Kind of Coverage Do You Need?

Some people think that they can just skip getting RV insurance and put their recreational vehicle on their car insurance policy. While in theory (and in reality) this may save you a little money on your premiums, only an RV insurance policy can give you the complete coverage your recreational vehicle requires. It doesnt matter if you have a motorized RV or a towable; it can and should be covered by its own RV insurance policy.

A motorized RV is not simply a car, and a towable RV is not simply a trailer. Both of them are also home to you when you are out on the road. They have many features which cars and trailers do not have. An RV insurance policy will cover things like your awnings, slide outs and refrigerator in the case of an accident, fire, theft or other damage. Car insurance typically will not. When you purchase RV insurance you should have mental or written list of those things in your RV that you want covered and then, you can shop for coverage which will protect you. It is important to note that RV insurance is not the same as an RV warranty which covers break downs and malfunctions rather than accidents.

Look for these coverage options when you are shopping for RV insurance to insure the most complete policy:

Total Loss Replacement: If your RV is totaled for any reason this coverage will provide you with a brand new comparable RV if you are the original owner and it is less than 5 years old. If you bought used or if it is older than 5 years old, you will get a check for the purchase price to put towards an RV.

Personal Contents Coverage: This provides you the funds to replace items such as clothing, jewelry, cookware and kitchenware, etc.

Towing and Roadside Assistance Coverage: Covers the cost of towing the RV, locksmith services, fuel refill, and battery recharging. Some policies cover this 24 hours a day, seven days a week.

Emergency Expense Coverage: Covers your hotel, food, rental car and even airline ticket expenses if you need it.

Look for the best deal, but more importantly, look for the best RV coverage.

Eriani Doyel writes articles about Recreational Vehicles. For more information about RV Insurance visit quickrvinsurancequotes.com.

Know Your Money Budget

Here are a few tips I would like to share with you, who I have found to be helpful in our business; I call it the B.E.T (Bills, Extra, Total) formula.

1)Create a BILLS spreadsheet (bills.xls) that lists ALL of your bills for the month. This allows you to know for sure how much money you need to make in order to pay all of your bills.

2)Then add the EXTRA category which will cover your miscellaneous items, such as lunches or morning lattes that you would like to have as a part of your weekly expenses. These are items that are NOT essentials. Use discretion here. Allow yourself some extras but dont get too crazy.

3)Now add your categories together to get the TOTAL.

Divide the total number by the number of days you plan on working in a month, and then you will have the amount of money you will need to make each day you work in order to pay your bills.

For example, if you have a total of $2000 and divide it by 20 (# of working days in the month), it would work out to be $100/per day. This is the amount you would need to make each day in order to pay your bills.

By utilizing the BET formula above, you will have a written account of the amount of money you need to bring in each day of any given month. This in turn will help you manage the cash flow for your business.

Use the BET spreadsheet as a template and if some of the bills go up or if you need to add a few more bills, you do so accordingly but you will know because you BET with your money.

Extra Saving Money Tip:
Sign up for newsletters from online sites that you purchase from an ongoing basis. For instance, I like to shop at Staples for our office supplies. I signed up for there newsletter and a few time a month; I receive special discounts and coupons directly to my email.

Teresa Morrow is owner of Key Business Partners, a virtual assistant company for the work at home mom. Before opening her VA business, Teresa managed all the administrative and online public relations for Morr Services, Inc., a floor cleaning/restoration company.