Recreational vehicles insurance has protected the finances of countless drivers after accidents and injuries have taken place. This style of coverage is an absolute necessity for anyone who plans on purchasing or driving any type of oversized recreational vehicle in the near future. Here is a quick look at the basics of RV insurance and how to find a policy that will suit your own needs.
Who Needs RV Insurance?
RVs are often major investments that can cost just as much as a home. In order to protect this investment and all of the belongings inside of it, you must have a comprehensive policy well before you get behind the wheel. It is also a legal requirement to have insurance for any vehicles that operate on public roadways. Failing to have the correct form of coverage could result in fines, fees, or even a suspended license.
Basic policies must include collision and liability coverage. Collision insurance will help you cover some or all of the costs that accrue immediately following an accident. This includes damage to your own RV and any injuries that you or your passengers have sustained. If it is determined that the accident is your fault, then these basic policies will also cover injuries to any other parties that are involved and damage to their vehicles.
In most states, RV owners only need basic insurance before hitting the road, but those policies have major gaps. Unlike smaller vehicles, RVs are often filled with thousands of dollars worth of personal belongings. A comprehensive policy extends the coverage to include a variety of unique situations that RV owners might have to deal with. This includes the theft or vandalism of possessions inside or outside of the RV such as generators, camping gear, clothing, and electronics. Coverage for storms and other natural events can also be bundled into these policies.
With the basics take care of, an RV owner can then fill in the gaps of their insurance to cover practically any scenario imaginable. This includes campsite coverage, towing, roadside assistance, and full-time coverage if your RV is your permanent residence.