Purchasing RV Insurance? Here's What You Need to Know

This is it - the year you finally pulled the trigger and bought a rig for your family road trips, or to celebrate your retirement with your spouse! Whether you want to be a full-time RVer or you just want a comfortable place to camp when you hit the road with the kids this summer, an RV is a big investment.

You’ve probably put a lot of time and thought into the whole process, including which features are important to you, the size of your rig, what you want to use it for, etc.

So, now that you have it, it’s time to get it insured! Having the right insurance coverage will keep you safe no matter how you plan to use your RV. But, it’s just as important to put a lot of time and thought into what type of insurance is right for you.

With that in mind, there are a few things you should consider when you’re looking at RV insurance.

Travel Trailers Can be Tricky

You may have been told that you don’t need separate insurance for a travel trailer because your car insurance will cover it. That’s both true and false.

Yes, if you’re on the road with your trailer hooked up to your vehicle and something happens, it’s likely your existing car insurance will have you covered. But, think about all the time your trailer isn’t hooked up to your car. Whether it’s parked in your driveway or stored away, when it’s not latched to your vehicle, your car’s insurance isn’t going to cover it. So, if it gets damaged in storage and you don’t have it insured, you’ll have to pay for repairs or to replace it out of your own pocket. That can be a hefty price to pay, especially on such a big initial investment.

Emergency Expenses for Full-Timers

If you’re traveling in your RV a lot or living in it full-time, consider it your home on wheels and get the coverage that works with that mindset. You’ll want coverage that takes care of any emergency expenses, like reimbursement for living expenses if any damage occurs to the RV while you’re in it.

Additionally, think about how much specialized equipment your RV holds. From a stereo system to appliances, it’s important to have a policy that will offer replacement funds for any stolen property. A break-in is hard enough to deal with, as its a complete violation of your privacy and space. Having insurance that will help you to get your goods replaced can at least provide a bit of comfort.

Liability Insurance

No one wants to think about an accident happening with their RV or anywhere around it. Unfortunately, it does happen, even if you try to do everything “right.” Because you can’t always control every situation, it’s important to have liability insurance in case any injuries occur. It’s typical for RV insurance to give owners higher coverage limits.

Protect your new investment and your RV’s future by doing your research on insurance options. By doing it now, you can save yourself a lot of hassle, and potentially, a lot of money!