Why you need RV insurance
An RV, motorhome, or trailer offers all the adventure of travel and the open road with the creature comforts of home. It’s a wonderful feeling to enjoy such freedom yet with all the essentials we associate with home, along with you for the ride.
Whether parked at home or in storage, on the road or parked at one of many scenic destinations, you want to know that your recreational vehicle is properly protected.
Regardless of the kind of RV you own, from trailer to motorhome, we offer you the necessary RV insurance coverage you need to enjoy peace of mind where ever you are.
As with every other vehicle you own, your RV must be insured. Yes, the minimum recreational vehicle insurance will ensure you’re in compliance with government requirements, chances are it won’t be enough to protect you and your bottom line if someone steals your RV or if you’re in an accident.
RV insurance basics
Before you pack up to hit the road, here are a few things to think about:
Each and every vehicle, RV or auto, on the road must have basic autoplan coverage. This includes:
- Up to $200,000 in coverage for the other party if an accident is your fault
- Up to $300,000 in medical and rehabilitation coverage for you and your passengers
- Uninsured motorist protection of up to $1 million per person – can be increased to $5 million per person
- Hit-and-run protection for you and your vehicle, even if your automobile isn’t involved in the accident
- Inverse liability protection if you’re injured or in an accident in a region where laws don’t protect you or your vehicle
As an RV owner, you’ll be faced with specific choices when you purchase insurance. Most people choose a one-year policy, much like that of your primary vehicle. Given the travel schedules of many RV owners, a shorter-term option might be more appropriate. Expect to pay a small surcharge but you’ll still save.
For instance, if you tend to be only a summer RVer, you can pay for coverage for three to six months and park your RV in a safe location throughout the offseason.
Travel trailer insurance
Many of the most popular recreational vehicles aren’t driven, they’re towed. Travel trailers such as tent-trailers and fifth wheels don’t technically qualify as vehicles, but they still need to be insured.
Travel trailer insurance is as varied as the shapes and sizes of the trailers themselves. Most insurance providers offer travel trailer insurance for personal use – not rented – which is up to $75,000 in value and up to 35 feet long.
This is often the ideal choice for owners of truck campers, tent trailers, hybrid trailers, and cabin trailers.
Talk to your agent about your specific make and model for details.
And, depending on the weight of your trailer, you may also have to upgrade your driver’s license.
What’s included in typical travel trailer insurance coverage?
- The trailer, built-in features and accessories and any attached equipment
- Personal belongings in the trailer
- Trailer hitch, stabilizer or sway bar used when towing
- Guaranteed Replacement Cost for trailers up to two years old
- Emergency Road Service
- Lock Replacement
- Fire Department Charges
- Emergency Vacation Expense for non-refundable vacation fees and towing the trailer back to your customer’s home if it can’t be fixed where they’re vacationing
- Reward Coverage for anyone who provides information about a fraudulent claim
Optional Travel Trailer Insurance Coverage includes premises liability up to $2 million for legal liability, voluntary medical payments, and property damage to others while the trailer is in use.
Physical damage RV insurance
When you’re considering an RV insurance policy, think about the possible losses faced in the event of an accident.
RVs depreciate significantly in value after purchase, so a Guaranteed Replacement Cost policy or your newer unit will give you wonderful peace of mind.
If you own an older RV, options such as replacement cost and actual cash value can be added to your policy at only a little extra cost. This means that if your RV is seriously damaged, you can replace it quickly with a make and model of the same value. You’ll be back on the road in only a matter of a few weeks.
An RV or travel trailer is a big investment. It’s important you protect it!
