If you are thinking about buying a new RV, or even renting an RV for an upcoming vacation, you need to know your way around an RV insurance policy. RV insurance policies vary widely depending on what type of RV you are using (they are organized into 3 classes), how often you use your RV, and whether or not it is your full-time residence.
Because an RV is more than a vehicle, RV insurance covers more things than a traditional auto insurance policy. It combines auto insurance features with elements usually found in homeowner’s insurance:
- RV insurance includes collision, comprehensive and liability insurance much like auto insurance.
- It will protect you in case of a total loss of your RV.
- You can include uninsured and underinsured driver protection in case you are in an accident caused by someone else who doesn’t have sufficient coverage.
- Campsite and vacation coverage can protect you while you are not on the road.
- Emergency expenses due to unlivable conditions, as well as costs associated with towing and roadside assistance, can be covered.
- If you live in your RV full-time, your insurance agent needs to know as this will change the policy you need for full protection.
The particulars of RV insurance vary widely, and so does the cost of a policy. Price is also influenced by your driving record and what riders you choose to include. If you want to cover your personal belongings in your RV or if you want a lower deductible, these things will increase your premiums. It is a good idea to talk to an insurance agent and get an idea of what RV insurance will cost for the type of RV you are considering before you make any major purchases.