If you’re one of the more than 11 million U.S. households who now own an RV, make sure the time you spend with it is truly relaxing. Give yourself one less thing to worry about by having the right type of insurance for your ‘home on wheels.’
RV insurance can be confusing since laws vary by state and because requirements and coverages depend on the type of RV you have. But in general, here’s how it works:
Insurance is usually required when…
Insurance is typically optional when…
However, even if your state doesn’t require insurance, you’ll want to protect your RV investment.
Like auto insurance, RV insurance is designed to protect you if you are involved in an accident. It also protects your assets if you are found liable (responsible) for causing the accident.
RV coverage options include:
As described above, liability coverage for a non-motorized RV is provided by the insurance on the vehicle you use to drive and tow the RV. However, comprehensive and collision coverage is not, and must be purchased separately. Therefore, if a tree falls on your RV while it’s parked in your yard, the damage will be covered only if you’ve purchased comprehensive coverage.
Many people have begun renting their RV out when they’re not using it. Some but not all RV sharing platforms offer insurance protection for owners when your unit is rented, but if you rent it privately, you must provide coverage.
If you have special equipment like a satellite dish, solar panels or sports gear attached to your RV, consider a policy with additional coverage.
While coverage and costs vary by state, many people are surprised to find how affordable RV insurance can be. When calculating your RV insurance rates, an insurance underwriter will consider things like your age and driving record; coverage options; type, size and age of the RV; how often and where you use it and even where you store it.
Discounts can be found by bundling your RV insurance with other policies such as your auto or homeowners policies. By purchasing more than one type of insurance from the same carrier, you can often lower your premiums. Some insurers even offer discounts if you store the RV inside or complete an RV safety course.
While venturing out to buy RV insurance on your own may seem like a good idea, you will find that insurance brokerages like Alaska USA Insurance Brokers can shop insurance companies for you to find coverage based on your needs and budget. When choosing a broker, look for an experienced agent who is licensed to sell different types of insurance, including RV insurance, and is familiar with the unique options required. And remember, an insurance broker works for you, not for the insurance company. They provide personalized advice to help you identify the best coverage options for your needs, and then will find that coverage at the best price possible.
Your investment in an RV can be significant, but that’s not the only consideration. When deciding whether to get insurance coverage for your RV, consider these two things:
A good insurance broker will help you find the right mix of coverage and price for your situation.
Regardless of whether you’re heading out with a big motorhome, a fifth wheel, a pop-up trailer or a campervan, RV insurance is a smart idea. Even if your state doesn’t require that you get RV insurance, most owners find that having it allows them to relax and enjoy themselves, leaving them free to roam the country without worry. Request an RV insurance quote from Alaska USA Insurance Brokers.
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