We get it. RV insurance can be confusing. We're here to help.
RV insurance, or Recreational vehicle insurance protects your property and damages or injuries you may cause much like car insurance does.
Auto insurance is not designed with Recreational Vehicles in mind. An RV has unique risk exposures and additional coverages that are important to consider and protect.
States do not require you to carry insurance on a vehicle that you pull with a car or truck. If you finance the travel trailer, your lender might require that you purchase comprehensive and collision coverage to protect
Depending on how much your RV is in use, insurance premiums can range from $200 to $3,000. If you are a part-timer, you can expect to pay less than $1,000. If you are a full-timer, you can expect to pay $2,000-$3,000.
Standard RV insurance will cover things such as physical damage, RV roof protection, Injuries, and much more.
It is a good idea to have RV insurance because of the amount of money you have invested. Because RV's are large vehicles, major injuries and significant physical damage can happen if in an accident.
RV insurance is a promise to pay in the event of a covered loss, up to the coverage limits in the event of a total loss. Insureds pay premium in exchange for the assurance that they will be made whole per the terms of the policy in the event of a loss.
Agreed value offers coverage at a set price. In the event of a complete or total loss, the insurance company is to pay out the complete amount of the agreed value established.
Most states require a minimum
Insurance is optional for RV trailers because they are not motorized. However, if your motor home or travel trailer is financed, your lender will most likely require you to carry physical damage coverages.
Similar to other types of insurance, your RV insurance cost will be determined by risk.
If you own your RV, you will only be required to have standard liability insurance. If you live in a no-fault state, you will also need personal injury protection.