What is RV Insurance, and How Does it Differ From Auto and/or Homeowners Insurance?

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What is RV Insurance, and How Does it Differ From Auto and/or Homeowners Insurance?

What is RV insurance, and how does it differ from auto and/or homeowners insurance?

To understand what RV insurance actually is and what it covers, it helps to first clarify exactly what is covered under the definition of an RV. The acronym RV stands for recreational vehicle. The recreational vehicles that fall under this category include motor homes, fifth wheel trailers, mounted truck campers, Airstream trailers, and other similar vehicles.

What’s Covered by Recreational Vehicle Insurance?

The parts of an RV policy are similar to those you’d find in an automobile insurance policy, though they aren’t quite the same. They may include but aren’t limited to:

  • Bodily injury and property damage liability coverage to cover your legal liability should you cause an accident that damages another person or his property;
  • Uninsured/underinsured motorist coverage, similar to what is included on your auto policy, to pay for damages another person causes if he has no insurance or too little coverage;
  • Medical payments coverage to help with medical care no matter who is at fault for the accident;
  • Comprehensive and collision coverage to pay for any damages you may cause to your own RV, or for theft and vandalism
  • Roadside assistance to help you in the event you have a mechanical breakdown, flat tire, or some other sort of disablement;
  • Replacement cost for personal effects, if you also purchase comprehensive coverage, will pay for the items you usually keep in and use with your RV;
  • Vacation liability covers you for bodily injury and property damages responsibilities while your RV is parked at a temporary vacation residence.

This list may vary depending on the insurance company, but it’s important to purchase separate RV insurance to make sure you are properly covered.

How are Auto and Homeowners Policies Different?

Your auto policy is specific in terms of liability and property damage, but does not include contents coverage. Your homeowners insurance policy may include contents coverage, but may only extend 10% of your normal coverage to the items permanently kept in your RV. The RV policy, on the other hand, ensures that any special equipment you keep in your RV permanently – like camping gear, portable radios and electronics, and travel tickets – is covered at 100%.

As far as liability goes, your homeowners policy generally extends to your primary residence. Let’s say you park your RV at a different campground each month. If someone were to trip and fall on the gear you keep at your site, you may be considered liable for his injuries. Your RV policy would respond.

RV policies can cover extra expenses as well. While your auto policy may pay for towing if your car is in an accident, your RV policy will help you with roadside assistance if you have any sort of mechanical breakdown.

RV policies vary depending on the company. Some even offer special coverage for your pets if they are hurt while in your RV.  Your insurance professional will help you compare coverage for your RV and advise you not only on the basic coverage but the added coverage options you may need as well. You may be surprised at how well protected you are while on the road this summer.

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