As the summer adventure season winds down in New Mexico, many RV and boat owners start prepping their vehicles for storage. Whether you’re tucking your camper away in the driveway or dry-docking your boat, you might be wondering: Can I cancel my insurance while it’s not in use?
Before you make any moves, here’s what every seasonal vehicle owner should know about RV Insurance Albuquerque NM, Boat Insurance, and the importance of off-season coverage.
The Myth: “It’s Not on the Road (or Water), So It Doesn’t Need Insurance”
This is one of the biggest misconceptions we see each year. It might seem like a great way to save a few bucks, but canceling your policy during the fall and winter could leave your vehicle unprotected—and your finances at risk.
Just because your RV or boat isn’t in motion doesn’t mean it’s immune to:
- Theft or vandalism
- Fire or weather damage
- Liability from parked vehicle incidents
- Rodent or pest damage in storage areas
If a tree limb falls on your RV or someone breaks into your boat’s cabin while it’s stored, an active insurance policy may be the only thing that stands between you and thousands in repairs.
What Happens If You Cancel Mid-Policy?
While it’s possible to pause or cancel coverage, many insurance companies will:
- Charge a cancellation fee,
- Require a full reapplication later (sometimes at a higher rate),
- Or penalize you for lapses in coverage.
Instead of dropping your policy entirely, talk to your agent about adjusting your coverage for the off-season. For example, you might switch to comprehensive-only coverage during months your RV or boat is not in use.
Storage Risks You Might Not Think About
Even when stored safely, these seasonal toys face unexpected dangers:
- RVs in driveways are still at risk of being hit by another vehicle or damaged by storms.
- Boats in storage yards can be vandalized, flooded, or exposed to fire.
- Rodent nesting in wiring or upholstery can lead to costly damage.
- Hail and wind are always threats here in New Mexico.
Don’t assume that your Home Owners Insurance Albuquerque NM policy will automatically cover a stored boat or RV. In many cases, it won’t.
Pro Tip: Let Your Insurance Company Know You’re Storing
Some carriers offer “storage mode” discounts or allow you to temporarily reduce your coverage while maintaining continuous protection. This can save you money without losing critical coverage.
Final Thoughts
As the weather cools down, it’s the perfect time to review your insurance policies. At ABQ Insurance, we help you make smart choices—so your boat or RV is ready when you are.
📞 Ready for a seasonal coverage check-up? Call us today at 505-217-2100 and ask how we can help protect your adventure gear—year-round.
