Recreational vehicle insurance protects various types of RVs, including those which are motorized and towable. Travel trailers, Fifth-Wheel trailers 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 number of wheels and type of fuel.
Who it is For
This insurance plan can only be bought by a person who holds legal possession of a recreational vehicle that is registered. 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 vehicle insurance can 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 inspection, title and registration must also be renewed according to local regulations.
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 replacements and repair. 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, which focuses on damage resulting from crashes with other vehicles, people, animals or objects.
Any RV represents a significant financial investment which it’s wise to protect. Whether motorized or towable, recreational vehicles of all types should be properly insured against any damage that can be costly to fix. RV owners also get a lot of peace of mind knowing that their RV and possessions can be promptly repaired or replaced.