RV insurance protects various types of recreational vehicles, including those that are motorized and towed. Travel trailers, fifth-wheels and pop-up campers are some common examples of RVs that may be insured. Motorized RVs are usually categorized into Class A, Class B and Class C, depending on the gross vehicle weight rating and other specifications, such as the number of wheels and type of fuel.
Who Needs This Insurance
RVs are a huge investment and protecting them is crucial. These insurance plans may only be bought by a person who owns the registered RV. Therefore, the insurance may only be activated when a state-issued title and registration are presented. Ideally, the person who buys the insurance policy should be the driver of the insured RV.
How it Works
Recreational Vehicles Insurance has to be paid on a monthly basis or as a single payment. Regardless of the method and frequency of payment, the policy is valid for one year. In order for an RV owner to renew the insurance plan, the RV’s state inspections, title and registration must also be renewed according to local regulations.
Different Types of Coverage
Comprehensive insurance pays for exterior and interior damage to a recreational vehicle. RVs that are used for camping and other long road trips are at a high risk of being damaged by severe weather such as hurricanes, thunderstorms, tornadoes and hail.
A deductible usually has to be paid by the RV owner before the insurance can be used to cover any repairs or replacement. Motorized RVs must also have the appropriate liability insurance that covers bodily injuries of all passengers on board. Additional coverage for RVs includes collision protection, focusing on damage resulting from crashes with other vehicles, people, animals or objects.
Whether motorized or towable, recreational vehicles of all types must be properly insured against major damage that can be costly to fix. RV owners also get a lot of peace of mind knowing that their possessions can be promptly repaired from minor or major damage or replaced against total loss.