RV owners are a special breed. We love to take to the highway and traveling is more than just a means to get from point ‘A’ to point ‘B’—for many of us,the journey means as much as the destination.
While RVers enjoy being on the road and getting away from all the hassles and problems back home, many mistakenly assume that RV insurance is about the same as car insurance.
There are several important differences to be aware of. In fact, if you don’t have proper insurance for your RV, you could end up facing financial hardship if you should have an accident.
What makes RV insurance unique?
RVs or recreational vehicles include a wide range of motorhomes. This can range from camper vans to bus conversions and is organized by classes: Class A, B, and C. Your RV insurance will all depend on the class of your automobile, how much you use it, whether you live in it full time, and other more factors. RV Insurance is like two policies in one: it protects your vehicle like car insurance and it also protects your living area like home insurance.
Collision and road emergencies are definite risks to insure against. But when you are camping or parked, your RV becomes your home and needs to be protected against theft, fire, liability, and other disasters.
Insurance for motor homes is specially designed to protect people that travel. And because your vehicle is usually larger than others, you should have greater liability coverage than standard autos, and this is only one important coverage option you might consider.
What Does RV Insurance Cover?
RV insurance covers a lot of similar risks that auto insurance covers including collision, comprehensive, and liability coverage. Additional protection for personal belongings on board, equipment, and attached accessories like awnings, and satellite dishes can be included too.
Your additional coverage options may include the following and this depends on the insurance company you choose.
- Total loss replacement coverage
- Campsite and vacation coverage
- Emergency expenses
- Towing and roadside coverage
- Full-timer coverage if your RV is your full-time residence
- Uninsured and underinsured motorists coverage
Who needs Motorhome Insurance?
There are several classes of recreational vehicles and they each need special insurance:
- Class A covers RVs built like large commercial buses. This kind of motor home is complete and contains everything you need. Some of these homes are very expensive, costing up to a few hundred thousand dollars. This class also includes automobiles such as the luxury coach, converted bus, and motorcoach. These automobiles can be up to 75 feet long.
- Class B vehicles resemble vans but have taller ceilings so you can stand up inside. They also have a longer wheelbase to accommodate the weight and additional room they provide. This is also the smallest class of automobiles. These kinds of vehicles do not have a cab-over and can also include cargo van type designs, camper vans, and travel trailers.
- Class C vehicles are large vehicles made from trucks or vans. This category of vehicles also includes automobiles that use a standard cargo van as the driving part of the RV and the camper portion extends over the cab area. Fifth wheel vehicles are also added by this class as well.
Fifth-wheel trailers like larger homes on wheels are specifically made for pulling on the highway and camping or long-term use.
- Toy haulers – vehicles that typically fully contain ‘toys’ such as snowmobiles and dirt bikes.
- Horse trailers (especially those with sleeper units)
- Pop-up campers – can be collapsed for easy storage and transport.
- All-terrain vehicles (ATVs) including three- and four-wheelers.
How Does RV Insurance Work?
RV insurance protects you from paying from your own pockets in case there is an event of a loss or if you meet an accident that causes bodily injury or property damage. This kind of insurance can also provide you compensation for your expenses if you have a roadside breakdown.
Let’s consider some of these examples that you could encounter with your motorhome during a vacation.
Your RV insurance would possibly cover you in the following instances:
- One instance is if you have uninsured or underinsured motorists coverage and another vehicle collides with you however, they are not insured, your insurer will pay for your damages. The amount of compensation you will receive will all depend on the amount of damage, your deductible amount, and the limits set on your policy.
- One more instance is if you are at fault for an accident, the other party will file a claim with your insurance company. They will pay the claim up to the limits of your liability policy.
- However, the costs of any damages, injuries, legal fees, or judgments will be from your own pocket. Your insurance policy will cover some or all of the expenses of towing in case your RV is disabled after a crash and has to be towed away.
- Your comprehensive insurance would provide coverage for your losses in case your RV is stolen, an animal causes damages to your RV or it is damaged in a hail storm after your deductible and up to the limits you have selected in your insurance policy.
Why Is RV Insurance Important?
RV insurance is essential coverage since you made a huge investment for your motorhome. It is also important since these are huge vehicles that can cause major injuries and significant damage to other automobiles and property in case there was an accident.
An RV ranges from $30,000 to over $200,000 and if you haven’t purchased full replacement cost coverage, you can drown in too many expenses in case you encounter an accident.
Standard Motorhome Insurance
Standard insurance policy coverage will depend on your RV. Units that are motorized need the same kind of coverage as your car, like liability, comprehensive, and collision.
If you only plan to vacation once or twice a year, you may be able to get by with seasonal coverage. Trailer RVs will need insurance coverage for damage, both on and off the road.
Options for Your RV Insurance Policy
When you insure your RV, you might want to consider these important options:
- Insurance for full-time RVers
- Camper liability — since you are responsible for what happens inside your mobile home and the lot or campsite it’s parked on (just like your house.)
- Extra bodily and property damage liability is not uncommon, especially if you have an expensive and large RV.
- 24-hour roadside assistance is a worthwhile feature that could really save you time and money even if you only use it once. And if you never need it, what peace of mind!
- Emergency expense money
- Total loss coverage
- RV contents coverage
- Insurance for any ATVs you may be towing, both for the damage they may sustain being towed or being driven.
Why We’re Different
You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for…
While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.
There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.
We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.
Contact us and let the professionals at our company help you forge the strongest shield possible to help you protect the things you are working hard to build.
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