Thinking of taking the wife and kids on a trip to the Grand Canyon? Or, maybe you’re retired and want to travel the country for a while. If either of these scenarios applies to you, you’ve probably considered buying an RV. If you’re with us up to this point, there are various insurance questions you may have prior to making your purchase. The following guide is intended to answer any questions someone in your position may have.
How Much Do I Need?
All states within the US require you to carry a minimum amount of RV insurance, which is categorized as liability Insurance. Beyond liability coverage, how thoroughly you’d like to be insured is completely up to you if there is no lienholder. If you’re able to afford out of pocket costs associated with an accident, liability coverage may suit you just fine. On the other hand, if you are not able to handle such a large expenditure, you may want to consider comprehensive insurance coverage in addition to liability. Comprehensive insurance will also be required if there is a loan on the vehicle.
A determining factor in the type of insurance you’ll need for your RV is the adventurous lifestyle you intend to lead. You may be able to cover your RV by simply adding it to your regular auto insurance policy if you only use it on occasion. However, if you’re a full-time adventure seeker, you’ll need to cover it under a separate insurance policy.
Combined with Auto vs Separate Policy
If you combine your RV into an existing auto insurance policy, it may be less expensive, however, you may not receive as many coverage benefits as having a separate policy. This is especially true if you’re a full-time “RV’er” treating it as your home, in which case, a separate policy may be required.
If you’re looking for a policy that covers more than just liability and physical damage, then a separate policy with comprehensive coverage is the option for you! A typical auto policy covers damage from an accident or instances out of your control such as tree branches falling of your RV, fire or event damage due to theft. Coverages outside normally covered damages such as contents coverage and vacation liability can vary per company and can be limited. We can discuss with you what coverages are available to you and the different types of RVs so you can decide if you need a separate policy.
Your RV insurance coverage is mainly dependent on the class of the vehicle. Please note that there are a few other factors that will affect coverage, however, they will most likely affect it to a lesser degree.
RV Classes are as follows:
- Class A: The luxury coach, motor coach, and any converted bus. Class A vehicles have a length requirement up to 75 feet long.
- Class B: Vehicles that do not have a cab-over, various types of cargo van designs, travel trailers, and camper vans. Class B is considered the smallest class of vehicles.
- Class C: This class of RV commonly uses the design of a cargo van frame, utilizing the first two seats as driving space and the remainder is built out as livable space. This class also covers fifth wheel vehicles.
Liability Insurance Coverage
- Damage to property of others: If you’re ever in an accident, this coverage will cover repairs needed for the other vehicle or even replacement. This coverage also covers repairs to property such as buildings if they were involved in your collision.
- Bodily injury to others: If the driver or any passengers are injured in the event of an accident, you’ll be liable for the medical treatment of these individuals.
- Accidents leading to legal action: If a lawsuit is filed against you, liability coverage will take care of the legal costs associated with the suit.
- Liability claims from visitors: For full-time RV users, this protects you similarly to how home insurance covers any accident that may happen to someone visiting your property.
If you’re a weekend warrior when it comes to the RV lifestyle, you’ll want to pay special attention to this section. Vacation liability insurance is one of the most important coverages you can consider buying, as it may cover many of the potential accidents you could face during your trip. It will cover you in case you back over an object at the campground, or if someone is injured aboard/around your palace on wheels.
Limited Contents Coverage
Take a minute to think of the many things you need when going on a long trip, and how expensive they all add up to be. What would you do if they were damaged? Limited contents coverage may help cover personal items on board, attached accessories, and equipment that is damaged. Coverage can vary by company.
Suspension of Coverage
Seasonal RV owners are sometimes able to suspend portions of their RV insurance coverage while it is in storage, which can be a money-saver for the savvy campers out there. Some coverage may be suspended for a set amount of time, typically in the “off season”, during which you are still covered for accidents like fire or storm damage by your comprehensive policy. This suspended coverage option could save you quite a bit of money by cutting down on your premium.
Annual Cost of Coverage
As with any type of insurance, it is always a good idea to gather a few quotes from different insurance providers. As mentioned before, the type of coverage you need depends on varying factors, which affect your overall cost. We suggest speaking one of our reputable insurance agents to gather this type of information.
All driving history may be taken into consideration. Be sure to mention if you have previously owned or driven an RV, as this may reduce your premium! Your non-RV driving history can affect your RV insurance costs since insurers are factoring in the risks associated with providing coverage to you. If you have a record of accidents or claims, you can almost expect to pay a higher coverage cost.
Speak with one of our insurance agents about your RV travel and intentions and they will be able to recommend a protection plan that’s right for you.