Can you really claim an RV as your primary residence? The answer depends on what the RV is used for. Is it a recreational vehicle that you use to go on weekends camping, to a beach or river trip, or to the mountains? If so, you can probably claim an RV as your primary residence. If not, you may be leaving out a few important things.
First of all, how is the property located? If you are using the RV only for camping trips, can you just claim it at any campground? You have to check the public roads in the area to see if there are any campsites. If there are, you may be able to claim an RV as your primary residence.
If you are going on an extended trip such as skiing, boating, or hiking trip, are you going to stay in hotels? If so, can you get a license to rent out an entire home or do you have to rent a portion of your vacation home? These are all questions that require professional assistance. The best way to claim an RV as your primary residence is through a reputable real estate agent who has experience with these situations. Check with the better business bureau and local law enforcement to see if there are any legal issues with the property you want to claim. Some claims cannot be processed unless these issues are resolved.
There are several ways to purchase an RV as your personal property. If you decide to try to sell it, can you claim it as your own? What other properties do you own on your property? Have you assigned ownership of the RV to someone? Are you aware of any liens or back taxes due on the real estate?
These are just a few examples of questions you should ask yourself when researching the purchase of an RV. If you have done your homework, you should be able to answer them easily. However, if you still need additional help, the professionals at a dealership will be happy to assist you. They are more than willing to walk you through the process from start to finish. You can be confident that they will complete everything on time and submit the completed paperwork on time. Their goal is to make sure that you have a chance to claim your property.
Before you begin the process, be sure to gather all of your documents including your insurance policy. Also, find out what the insurance company requires for recreational vehicle coverage. This might include a state or federal mandate or it could simply be an option for you. Your insurance company will probably suggest a minimum amount of insurance you should carry and this amount will vary from one insurance company to the next.
A qualified and licensed insurance adjuster will inspect your property to determine its worth and then prepare all the necessary paperwork to file with your insurance carrier. The adjuster will not only assess the fair market value of your property, but he or she will also take other factors into consideration. Factors such as current road and weather conditions, the condition of the interior of the motorhome, how well it is maintained, and any existing damage to the property will be taken into account. After the inspection, your insurance adjuster will give you an estimate of the claim and this estimate is not to be taken lightly.
You must follow the guidelines given by your insurance provider before you can file a claim. If you are at fault in an accident, you must document every detail of the accident as soon as you are able. Collect all of the documentation about the accident, including any police reports, traffic tickets, and insurance information. Filing a report within the required time period will reduce your risk of filing a false claim. It also makes it easier to get your damaged property repaired if you need to do so.