RV INSURANCE 101

RV and Auto Insurance are different! Auto insurance policies include bodily injury, property damage and physical damage coverage if applicable. Proper RV insurance takes these coverages and adds coverages like vacation or full-time liabilities, emergency expense, and personal effects.

What does RV insurance cover?

True RV insurance policies have "extra" coverages that make it more comprehensive than your traditional auto policy.

INSURANCE TYPE COVERAGE
   
Vacation Liability Liability that covers the insured when they are parked at a campsite.
Full-Timer's Liability Similar to vacation liability, but it is more comprehensive personal liability.
Emergency Expense This can vary by carrier, but this coverage provides lodging and meals when an insured is unable to use their RV due to a covered peril.
Personal Effects This coverage is for items you bring into the RV when you use it as a residence. (Cookware, dishes, bedding, etc)

Hopefully you never need to use it, but should you find yourself in a situation where your RV is a total loss, there are a few types of settlement options. The settlement is dependent on the type of coverage on your policy, which in some cases is determined by the age of the RV at policy inception.

INSURANCE TYPE COVERAGE
   
Total Loss Replacement During the first five model years if the RV is deemed a total loss, the carrier will replace the unit with a similar make/model to the insured unit.
Agreed Value Secures an established amount on the RV through a bill of sale or appraisal. It is not subject to depreciation.
Actual Cash Value Value on the policy is the current market value of the RV and it is subject to depreciation at the time of a loss.
Liability Only No physical damage coverage is offered through the policy. Physical damage repairs are the responsibility of the insured.

What is the minimum coverage needed for an RV?

States have different requirements for bodily injury, property damage, medical expenses. However, we want to insure our customers in an appropriate manner. For example, our agency will not write lower bodily injury limits than 100/300. Typically liabilities do not the largest makeup of the overall premium, so it is best to keep limits higher.

How can I reduce my RV insurance cost?

There are many factors that go into establishing premium. The biggest are the location or zipcode where the RV will be stored, and the driving history of the individuals on the policy.

One of the biggest ways to save on your insurance is to pay the premium in full. The percentage of the discount varies by carrier, but paying in full is the most advantageous.

Depending on the carrier, discounts may be available for RV club affiliations, homeownership, and safe driving courses. Check with your agent to maximize discounts.

When securing an insurance policy, be sure to provide information as accurately as possible! Be honest about your days of usage and where the RV will be primarily kept. Policies need to be rated in the state where the unit is principally kept during the course of the year. If the RV will not be in one location the majority of a calendar year, it should default to the registration state.

Don't misrepresent information in an attempt to save on premium. If rating factors of a policy are misrepresented, it can result in denial of future claims.