RV Insurance is a form of specialized coverage that protects your RV from various risks such as theft, vandalism or liability claims. Similar to auto policies, RV insurance typically consists of multiple types of coverage. These are designed to provide comprehensive protection when on the road.
Types RV Insurance Coverage
Liability coverage:
Bodily injury: This covers medical costs and legal fees for injuries caused by you in an accident.
Property damage liability pays for the repair or replacement of damaged property.
Collision Coverage:
The RV insurance covers the repair or replacement of your RV in case it is damaged due to a collision.
Comprehensive Coverage:
Protects against non-collision-related damages, such as theft, vandalism, fire, extreme weather events, and falling objects.
Uninsured/Underinsured Motorist Coverage:
Steps in and covers your medical bills and property damages if you’re in an accident caused by a driver without sufficient insurance.
Medical Payments coverage:
The insurance covers medical expenses that you and any passengers may incur as a consequence of an accident.
RV Insurance Costs are Affected by Several Factors.
Class of RV: Due to their larger size and higher value, class A motorhomes have higher insurance rates than smaller campers and trailers.
Driving record: Your driving records, including past traffic violations or accidents, can affect your insurance rates.
The location of your RV, and how often you use it and store it can have an impact on the insurance rate.
Insurance costs are affected by the value and age of RVs. Newer RVs, which tend to be more expensive, cost more than older models.
RV Insurance: Considerations to Make Before Buying
Coverage limits that are adequate: Your policy should provide enough coverage in the event of a loss or accident to protect your RV and personal belongings.
Add-on coverage: For added peace of mind, consider adding additional coverage such as roadside assist, emergency expenses and vacation liability.
Discounts and Savings: Ask about the discounts available for safe driving, bundling multiple policies, RV club memberships and anti-theft systems to lower your insurance rates.
Update your policy periodically: As your RV usage changes and your circumstances change, you should review your insurance to make sure it meets your current needs.