Recreational vehicles (RVs) are more popular than ever –
In fact, in 2021 a record 600,000+ RVs were shipped out across the U.S. from production facilities.1 In total, over 11% of U.S. households own an RV. If you are one of those owners, or considering becoming one, make sure you understand the risks you face and the coverage you need before you hit the road.
Is RV Insurance Home Insurance or Auto Insurance?
As you might imagine, RV insurance has elements of both auto and home insurance policies. This provides the insured with a combination of coverages that reimburse you based on your policy’s coverages and limits. Most states require liability coverage at the minimum, and as you would assume, collision coverages and comprehensive coverages are available. But there are also lesser-known coverages you may not be aware of needing. These often determine the difference in whether or not your RV is adequately insured.
Campsite Liability Coverage
This coverage treats your RV like a short-term residence, providing liability coverage similar to temporary homeowner’s liability, and may pay legal bills and damages if someone is injured on-site while your RV is parked and being used for vacation/recreational purposes. Even if your RV is a towable, you may disconnect your vehicle when you are camping; you don’t want to leave your camper vulnerable when you do.
Uninsured and/or Underinsured Motorist Coverage
Even if you aren’t found at fault in a collision, the other party might be unable to pay all of your injuries. If you are the victim of a hit-and-run or the at-fault party has no insurance (or not enough insurance), this coverage will reimburse you for medical expenses beyond the other party’s insurance limits in cases of serious injury.
Full Timer Policies
If you live in your RV full-time, there are policies available that provide greater protection for your RV as a home. This may include personal liability coverage, medical payment coverage, personal belongings coverage, and even loss assessment coverage that may cover association fees for your community’s repairs or common areas.
So, before you take that next RV trip, let our agents talk with you and help you understand your risks and options for coverage.