This year, millions of cooped-up Americans have decided the best way to see the USA is by motor home. According to the RV Industry Association, recreational vehicle sales are up by a whopping 170% in some areas due to the pandemic. Many are first-time buyers itching to hit the road. They see RVs as a safe alternative to flying or staying in a motel.
While RVs are a great way to travel and have all the amenities of home, they do need to be insured. Remember, motor homes can cost anywhere from $30,000 to $200,000 or more, so you don’t want to skimp on insurance. Your Trusted Choice Independent Insurance Agent® can explain your options and provide the coverage that’s right for you.
The basics of RV insurance
There are many RV policies to choose from, but most include:
- Liability coverage to pay for injuries and property damage from an accident you cause.
- Collision coverage to repair or replace your RV due to an accident.
- Comprehensive coverage to pay for theft and weather damage.
- Personal injury and medical payments if you’re hurt in an accident.
- Underinsured/uninsured motorist coverage
Coverage is based on the type and size of your RV. Other factors that affect the insurance you need include: where you store your RV, how often you use it, where you plan to travel and how long you will stay. Insurers offer extra coverage options, too, such as towing and roadside assistance.
First things first: Get the right amount of liability coverage
While it’s tempting to purchase only the minimum liability coverage required in your state, you could be making a very costly mistake if you’re in an accident.
Consider this scenario: You purchase a standard 30/60/15 limit, which covers $30,000 in bodily injury, $60,000 in bodily injury if more than one person is hurt, and $15,000 to repair or replace damaged property. Seems like plenty of coverage, right?
But if you lose control of your 32-foot, 7-ton motor coach, you could do some serious damage. Suppose you hit a car, injuring the driver and two passengers. Say the bodily injuries amount to a modest $100,000, and the car has $20,000 in damages. You could be responsible for $45,000 in out-of-pocket expenses!
Your independent agent can make sure you have enough liability coverage for your RV.
Consider these other situations
Liability is just one of many considerations. Let’s take a look at some other circumstances where the coverage you have can make a big difference:
- Your RV is hit by a driver who has no insurance. Make sure your policy covers underinsured and uninsured motorists. Otherwise, you may be out thousands of dollars. Some states require this coverage, but not all do.
- Someone breaks into your RV while you’re away. You discover a number of personal items are missing: the kids’ iPads, a laptop, your wallet and some jewelry. Are the contents of your RV covered against theft? Check to see if you need additional coverage.
- A severe storm batters your RV. It rips off part of the exterior, causes water damage and shorts out your electrical components. Thankfully, weather damage is covered by most policies.
- A bear tries to claw his way into your RV. He also destroys your bikes, some camp chairs and an awning. Comprehensive covers damage to the RV, but items outside the RV or in racks or storage bins may need separate physical damage coverage.
- Your propane system has a leak. Gas builds up in the stove and causes a fire in the RV. Chances are your comprehensive will cover it.
- Your RV won’t start and the nearest service station is miles away. Unless you’ve purchased towing and roadside assistance, you may be on your own.
- A guest is injured at your campsite. Regular liability coverage doesn’t protect you when the RV is parked. You’ll need a separate coverage known as vacation liability.
- You like your RV so much, you decide to make it your permanent home. To live year-round in an RV, you’ll need what’s called a full-timers policy. Similar to homeowners insurance, these policies include personal liability, medical payments coverage, storage shed contents and loss assessment.
The RV Industry Association reports that 46 million Americans plan to go RVing in the next 12 months. If an RV adventure is in your future, make sure you’re properly insured. Talk to your Trusted Choice agent before you hit the road.
Then kick back and enjoy the RV life worry-free.