2Things to Know about RV Insurance

RV insurance is an insurance policy that covers the expenses that arise from damage to your recreational vehicle. It combines aspects of auto insurance and home insurance to cover you for issues that are common to all vehicles and issues that are unique to RVs. Because of the size and complexity of recreational vehicles, RV insurance is more expensive then other vehicle-related insurance, but on the long run, the benefits are well worth the price.

What RV Insurance Covers

There are a number of RV insurance policies available, and each one provides different types of insurance coverage. Furthermore, some aspects of their coverage will vary depending on the state. As with other types of vehicle insurance, different insurance companies will impose different limits on how much they will pay for each type of coverage. If you exceed those limits, you will have to pay the difference out of your own pocket.

There are several features that every good RV insurance policy should have. They include:

• Collision coverage - covers the costs of repairing or replacing your RV if it is stolen or damaged in an accident. With some policies, this will only kick in if you can prove that you were not at fault. In other policies, you are eligible for this coverage regardless of who is at fault.

• Comprehensive coverage - covers the costs of any damages caused by anything other then an accident. Depending on the policy, this may or may not include fire, theft, vandalism and damage from natural disasters.

• Replacement of personal effects - covers the costs or repairing and replacing personal property that was stored aboard your RV. Some policies also cover replacement or repair of items that you placed outside the RV while traveling.

• Liability Coverage - helps you cover the legal costs that may arise as a result of an accident that involves your RV. Those are the costs you will have to pay to the other parties involved in the accident. Liability coverage can be divided into the following categories:
  
  
  • Property damage liability coverage – covers that costs of repairing and replacing the other parties’ property. This may include a car and some of the objects inside it.
  
  
  • Bodily injury liability coverage – covers the other parties’ medical bills. 
  
  
  • Damage coverage – covers the cost of legal damages that you may be obligated to pay as the result of the accident.

• Roadside Assistance coverage - covers the costs of towing your RV to the nearest vehicle repair facility that's qualified to handle RVs. It will also pay the costs of repairs once your RV is delivered.

• Emergency expense coverage - covers the costs of temporary living accommodations while you wait for your RV to be repaired so long as the accident occurs more then 50 miles from your home.

Finding an RV Insurance Provider

Many vehicle insurance providers won't insure RVs, something which may not be readily apparent from a casual search. That is why you will need to look at every auto insurance provider and see whether they will insure RVs and, if they do, whether or not they will do so under auto insurance or RV insurance. Once you find an RV insurance prover, check the value and rates of their policies.