Recreational vehicles or RVs come in different sizes and shapes, from fifth wheels and motorhomes to travel trailers and pop-up campers. Depending on the type of your RV, you may want to have an RV insurance that may come handy in your most unexpected event or road emergency.
But what is covered under RV insurance depends on the type of policy you select. There are several options that RV insurance coverage offers, like liability, comprehensive, collision, and more.
RV insurance is a protection for RVers or anyone that is traveling or frequently hitting the road. Most car insurance policies also cover RVs insurance plans, but it’s beneficial to see what an RV insurance can offer for your added protection.
Types of RV Insurance
There are several types of RV insurance that you can avail of so you can get additional security. Not only RV insurance can offer collision and liability coverage, but you can also add protection to your personal belongings that are onboard your RV.
Basic RV Insurance
- Bodily Injury Liability – This coverage offers medical bills and loss of income assistance. The policy covers if there’s an accident that involves your RV with someone who is injured.
- Property Damage – If your RV is involved in an accident, this coverage helps the RVer to pay the damages to another person’s property or vehicle.
- Collision – no matter who’s at fault in an accident, this coverage pays for damages caused to your RV.
- Comprehensive – this coverage pays RVers for non-collision damage to your RV like theft, vandalism, and natural disasters.
- Uninsured Motorist – this RV coverage protects you against drivers who cause hit-and-run accidents. It also pays for damages to your RV and injuries caused by accident.
- Underinsured Motorist – most state implements uninsured motorist law. It is also subject to policy coverage limits and provisions.
- Medical Payments – medical bills are taken care of for you and your RV’s passenger who are involved in an accident.
Specialized RV and Campers Insurance Coverage
Most insurance companies offer specialized RV and campers insurance coverage, which is handy at a time of loss.
- Total Loss Replacement –this exclusive coverage is available to untitled RVs that are one or a few years old models.
- Custom Equipment – if your RV has an upgraded interior or exterior, you may want your insurance coverage a little higher than a standard policy.
- Vacation Liability – if the collision and comprehensive coverage are covered, you may want to add this policy and set your coverage limit to $10000. It is available for customers who use RV as a temporary vacation residence.
- Road and Traffic Assistance – this coverage are for RVs who is disabled and needs towing due to:
- Electrical breakdown
- Battery drain or failure
- Lockout or flat tire
- Trapped in the middle of a natural disaster
- Insufficient supply of oil and fuel
- Personal Belongings – this coverage only ensures your personal belongings that are covered by loss or rob while RVers are vacationing.
Classes of RVs that need insurance
RVs come with a wide range of recreational vehicles– from motorhomes to Skoolie and camper trailers, they are categorized by classes. Depending on the type of your RV, your insurance coverage determines how much you can use the policy.
Here are the different classes of RVs:
- Class A – includes RV models such as converted bus, luxury coach, and motorcoach. They are commonly 75 feet long.
- Class B – these vehicles are considered the smallest recreational vehicles. They are identified as travel trailers, cargo van-type trailers, and camper vans.
- Class C – most fifth-wheel vehicles fall into this category.
Why is RV insurance important?
Most RVs are required to have RV insurance in every state. A minimum of at least liability insurance is needed in all states. Comprehensive and collision coverage limits the cost you will cover if you’re into an accident, and you do not have sufficient coverage.
You will need to provide additional requirements if you fall under these circumstances.
- If you only rent an RV.
- You’ve been living full-time in your RV.
- If you borrow money from lenders to purchase an RV, which is most likely the lender will require you to have an RV insurance.
How much is an RV insurance?
As a point of reference, Class A RV can cost about $2000 per year or more depending on how many you add to your RV insurance. However, Class B insurance can go somewhere $1000 to $2000 insurance plan.
Several vital elements need to understand first before the cost of an RV insurance can be determined.
- If your RV falls into Class A category, then your RV insurance will be most likely expensive, then followed by Class C. The Class B RVs are the affordable vehicles to underwrite insurance.
- If you only use your RV once in a while or if you’re living full-time with your RV.
- Your driving history needs to be accounted for records of accidents and past claims.
- The limits you set on your insurance policy can add to the cost of the RV insurance
- Adding coverage like roadside assistance and personal belongings can increase the value of your RV insurance.
RV insurance can be availed through insurance agents; then, you can determine which coverage you’d like to add to your policy. Now that you have an idea of what is covered under an RV insurance, you probably know why you should get one. Since most RVs are hitting the road and accidents can happen any time, it’s best to have an RV insurance to protect you. It’s better to be prepared at all costs. Know more about RV care.