What Do I Need to Consider Before Purchasing Insurance for My RV or Motorhome?

Things to Consider Before Purchasing Insurance for My RV or Motorhome

If you are considering purchasing a motorhome, you must also plan to purchase RV insurance for it. Like regular vehicles, RVs and motorhomes are required to be insured in most cases. Because of the special nature of RVs and motorhomes, it is important for all new and potential owners to know what they need to consider when shopping for RV insurance.

What Type Of Vehicle Is It?

There are three classes of RV: Class A, B and C. Class B is closest to a standard automobile and is often called a camper van. Class C is a medium-sized hybrid between a car and a camper. Class A are the large motorhomes and typically the most expensive to insure. Travel trailers that are non-motorized have their own type of insurance coverage. Insurance providers may have their own criteria for what qualifies as what type of vehicle, such as the presence of sleeping quarters, kitchen areas or electrical systems, among others.

Will You Live In It Full-Time?

Another factor that will affect your motorhome’s insurance is whether or not you plan to live in it full-time. If you are, you are likely going to want added liability insurance that will cover many of the same incidents that homeowners insurance does. This includes protection if someone slips and falls on your motorhome’s steps or if your personal belongings inside are destroyed by fire. In some states full-time liability coverage may be required.

Your State Laws

Laws regarding motorhome insurance vary by state. This reality unfortunately means there are no standard and easy answers when it comes to what kind of insurance coverage these vehicles need. All RV owners should learn and understand the state laws regarding their exact type of vehicle. In some states, RVs and motorhomes are not required to be insured. Even if your state does not require these vehicle types to carry insurance, it is often advantageous to have it anyway.

Individual Policies And Rates

As with all other types of insurance, coverage and rates will vary depending on the insurance provider and the options purchased. For RV and motorhome insurance, coverage types include liability, collision, comprehensive, medical payments, contents, vacation liability and more. Roadside assistance is also offered as an option with some policies. These policies are typically a combination of car insurance coverage and homeowners insurance coverage.

What Other Factors Are There?

Like all other insurance policies, your location is the most important factor, followed by the age and class of your motorhome. Your driving history and insurance claims history also go into determining your rate, as well as any optional coverage you purchase. Because RVs are such a substantial investment, it is usually advisable to buy as much coverage as you can for the best price you can get. You will also have to weigh the benefits and drawbacks of a higher deductible vs. a higher premium. In general, opting for the highest deductible you can afford will protect you in a catastrophe and save you money on monthly premiums.

Related Resource: 10 Best Cheap RV Insurance Companies 2017

RV insurance is important to not only comply with relevant state laws but also to protect your expensive investment. Insurance will help pay for any damage that occurs to your vehicle and will help pay for your family’s medical bills in the event of an accident. With the right RV or motorhome insurance, you can use your vehicle as you wish with complete peace of mind.