More than just a car, your RV is your home on the road. Whether it’s the law or not (depending on where you live), you need RV insurance – this is an investment, and if something happens to your RV, you don’t want to be stuck on the line for the costs incurred from an accident or a theft.
RV insurance should be purchased from an insurance company or broker that specializes in this type of insurance. These companies know their product inside and out, and will be able to provide you with the right information and coverage you’ll need when you take a trip with your motorhome. You may be tempted to add on your RV to your existing auto insurance policy, but that’s not the best idea, as there are some situations that won’t be covered. A few of the things not covered under a standard auto insurance policy include:
• Items kept in an RV that you wouldn’t keep in your car. These include clothing, jewelry, furnishings, electronics or outdoor gear.
• At many campgrounds, you could be liable for the area around your parked RV. That means if anyone is injured near where you parked, you may be responsible.
• If something happens to your RV while you’re travelling, you will need somewhere to stay and another mode of transportation – auto insurance won’t cover that.
It’s important to note that while an RV is a home away from home, you shouldn’t lump it in with your home insurance either. This is because this kind of policy may not cover your RV claim because of risk-related limits. As well, if you file an RV claim under your home insurance, you can expect your home insurance premiums to go through the roof (pun intended).
There are a variety of different RV insurance coverages available and we’ll go over the specifics of the most common in other articles. These include Bodily Injury and Property Damage Liability, Uninsured/Underinsured Motorists, Medical Payments, Comprehensive and Collision Options.
It’s important to insure your RV not just for the vehicle itself, but also for the occupants and the contents inside. It may be a vehicle used for rest and relaxation, but if you don’t have the proper RV insurance coverage, your R&R could cost you thousands of dollars. Be sure you research a variety of RV insurance companies before you settle on one, and know the laws as they apply to motorhome insurance in your state or province.