Regardless of your RV, you may have plans to take it on the road but RV insurance is very important. Read on to learn more.
Is RV Insurance Required?
Every state requires some form of RV Insurance and liability insurance. It depends on the form of RV you have and the degree of coverage you desire. That may include comprehensive as well as collision coverage. it may also depend on whether the RV has its own motor or whether the RV is towable. When your RV has a motor it will require special insurance. But if it is a towable RV, the liability coverage on your truck covers your RN in most circumstances so make sure it is added to your auto policy.
How does RV Insurance Work?
The purpose of RV insurance is similar to auto – it protects you from any extra out of pocket expenses in case you’re at fault of an accident that causes harm or damage. Sometimes, it will also cover costs if you breakdown. Here are a few examples of what would happen if you had liability coverage:
- If an accident is your fault, the other driver will file a claim with your insurance company and they’ll pay up to the amount of your policy. You’ll pay for any other costs out of pocket.
- If your RV isn’t drivable after a crash and needs to be towed, your insurance company will pay for most or all of the towing costs.
- If your RV is damaged by hail, an animal or is stolen, your insurance company will provide coverage if you have comprehensive insurance after your deductible and up to the limits you’ve chosen.
How Much Coverage Do I Need?
Here are a few things to consider when choosing how much coverage to buy:
- What are the specific requirements for your state?
- What class RV do you own?
- Where and how far will you be traveling?
- Do you have any custom features on your RV? If so, these are typically more expensive to repair.