your simple guide to RV insurance

Many people looking for recreational vehicle (RV) insurance coverage make the mistake of purchasing it from an auto insurance agency, usually the same one that insures the family vehicle. This practice can cause major problems in the event of an accident involving an RV.  Most auto insurance companies do not offer full replacement value, so if an RV is several years old and is totaled, the owner will only receive the depreciated amount for the RV. Contents like appliances and furniture are unlikely to be covered by an auto insurance policy.


In order to insure the contents of an RV, some people use their homeowner's insurance. This isn't the best solution, though, because homeowner's insurance is intended to cover items within and without immovable buildings. Most policies won't cover everything contained within an RV. The wisest solution to insuring an RV is to procure a policy through a company that specializes in RV insurance.


An RV, which can be a motorhome, a pull-behind travel trailer, a fifth wheel, or a tent trailer can have varying purposes and kinds of usage. Some are used as full-time homes, while others are used only occasionally. When shopping for insurance, the type of RV and the frequency of use are the first two components to consider.  A top-of-the-line motorized luxury RV will cost a great deal more to insure than will a tent trailer, and needs to have comprehensive coverage. If the RV will be driven in Mexico, insurance from a Mexican insurance carrier will be necessary. 


Liability coverage is important, just as it is with auto and homeowner's insurance. The policy should comfortably cover any potential personal injury claims. If an RV damages another vehicle or trailer, the repair expense could be quite costly. This is particularly important for an RV which is used as a full-time home and is frequently moved from one location to another.


A policy should also cover theft, peril, personal contents, appliance repairs, towing, roadside assistance, and glass coverage, depending upon what type of RV is being insured. Even something as small in value as a folding chair can be covered against theft or peril. In case a fire department or a locksmith is needed, the RV policy can cover those events.


Should a motorized RV be involved in an accident far from home, insurance coverage should cover the cost of lodging and food while repairs are made to the RV. In case the RV cannot be repaired without towing it a great distance, the insurance should cover that cost as well.


Another consideration is the deductible. Some policies covering high-end RVs can have deductibles as much as 5% of the value of the RV. This could be as much as $5,000 for a $100,000 RV. 


When shopping for an RV policy, ask questions. Inquire about the various options available and ask if the premium will increase should a claim be made against the policy. insurance coverage for tent trailers and pull-behind travel trailers will be less expensive than coverage for a fifth wheel or a motorized RV.