Anyone who’s ever wanted to own an RV has to have thought about RV insurance at least once. Is RV insurance like your auto insurance? Well, the answer is yes and no. In fact, you might just be surprised about how different RV insurance and auto insurance are. In fact, RV insurance can be divided into three distinct categories covering the three predominant types of RVs; we buy any motorhome, fifth wheels, and travel trailers. While many of the same types of coverages exist with RV insurance as with auto insurance, there’s a lot more that has to be covered in RV insurance.
All types of RV insurance cover at least the basics, while the different types of RVs will have specialized insurance to fit their needs. Your RV insurance policy basics should include: Total loss replacement, accessories coverage, fire, flood, theft, and personal items replacement. Depending on the insurance company, you may also have an RV insurance policy that covers such hazards as low branches, collision, and even emergency expenses. You’ll often be able to suspend your collision and liability coverage while your RV is in storage, and of course, you’ll want to get roadside assistance as well.
Specialty coverage is where the three types of RV insurance products diverge, but not by all that much. Motor home RV insurance will have available all of the above named insurances, as well as your typical vehicle insurance products, because the mobile home is a single enclosed unit. While insurance on a mobile home will generally be a bit higher than with a fifth wheel or travel trailer, understand that you won’t have to insure a tow vehicle along with your RV. Liability coverage is particularly important in RV insurance, particularly with regards to mobile homes and large fifth wheels, as these vehicles can be extremely large, and if an accident happens, someone looking for a lawsuit is most likely going to try to say that the driver of the RV couldn’t see and was at fault. One of the features you should look for in your RV insurance is a high liability coverage in both property and bodily injury, and the highest liability amount that you can afford. Remember that you can suspend coverage while the RV is in storage.
Fifth wheels and travel trailers, while not always smaller than mobile homes, are largely subject to the same or similar insurance features. Look for all the above named insurance coverages in your RV insurance policy, as well as coverage for additional accessories on your tow vehicle. Your own insurance company may not be so willing to cover theft or damage to some of those value-adders, regardless of how good your automotive policy is.
Whether you’re a full-timer or just a weekend RV enthusiast, RV insurance can be found which will meet your needs regardless of where you travel. The insurance policy will cover the accidents of the motor home vehicle. The amount of the insurance will be sufficient for the owner of the motor vehicle.
