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Recreational Vehicles

About RV Insurance

A special type of recreational vehicles insurance protects people who own or drive recreational vehicles. This coverage differs from auto insurance. If you own an RV, consider obtaining both types of policies.

Who Needs RV Insurance?

Most people who obtain loans specifically to finance RV acquisition must also take out RV insurance policies as a condition of purchase. The type and size of the recreational vehicle determines whether you should obtain Class A (luxury RV), Class B (camper) or Class C (fifth wheeler) coverage. An RV insurance policy will protect various aspects of your interest in your recreational vehicle.

The Nuts And Bolts of RV Insurance

You can obtain varying levels of insurance protection when you purchase RV coverage. Policies usually cover basic liability and collision risks. You may also choose to obtain comprehensive RV insurance to protect against other types of property losses,thefts or damage. Sometimes policies will cover emergency expenses if your RV breaks down and you need to pay towing and repair bills, for instance. You’ll want to read each policy carefully to determine its specific provisions.

Some Different Types of RV Insurance Coverage

Different types of RV insurance coverage sometimes apply to people who reside full-time in an RV, versus owners who use their recreational vehicle at intervals. Additionally, the make and model and contents of the RV may impact the available coverage and policy limits. Most policies provide for a deductible, so you may wish to shop carefully to obtain the best rates and terms.

Major Benefits

By obtaining RV insurance, you help protect your significant investment in your recreational vehicle. Many RVs cost well over $100,000. Losing one of these vehicles or its contents can take a painful bite out of a household’s budget. By making sure you purchase sufficient RV insurance, you can protect your interest in your RV. Your RV insurance policy may mean the difference between losing an RV permanently in a disaster or obtaining sufficient insurance proceeds to purchase a replacement.