If you’ve recently purchased a recreational vehicle (RV) and are shopping around for RV insurance, make sure you’re aware of some key differences between this type of specialized insurance policy and regular auto insurance, and its limitations. Each auto insurance provider you request a quote from will have different policies and stipulations regarding RV insurance. Educating yourself on the basics can help you make the most informed purchasing decision.
Here are some frequently asked questions and answers about RV insurance:
Q: What’s the main difference between RV insurance and car insurance?
A: RV insurance is considered to be a specialized policy that insures your RV and also other elements of your RV trip, such as your campsite, emergency expenses and the personal belongings you take on your trip. Some RV insurance plans also provide coverage for a trailer or fifth wheel, and you’ll have the option to suspend some of your coverage when you leave the RV in storage. You will need to check with your insurance provider to determine what the extent of coverage might be.
Q: Will RV insurance cover my truck?
A: Many RV owners use medium duty trucks (MDT) to transport the RV, and these trucks may be insured under the RV insurance policy under special conditions. In some cases, this truck will need to be insured as a commercial vehicle, and may be considered an RV tow-only vehicle. Check with your insurance company for details about MDT coverage when purchasing RV insurance.
Q: How can I reduce my RV insurance premium?
A: Some RV insurance providers will extend a discount to long-time customers, and to those who put their RV and their car insurance on a single policy. To be eligible for a discount, make sure you disclose all safety features and anti-theft devices, prove that you are a safe driver by maintaining a clean driving record, and select a “storage option” so that you are not paying for insurance when the RV is sitting in storage.
Q: Will I be covered if I travel out of the 50 states?
A: If you decide to take an RV trip to Mexico or to Canada, you may need to work directly with an insurance company at your destination to ensure you have proper coverage. Remember that coverage requirements can vary significantly by country or territory, so it’s in your best interest to find out what types of temporary insurance plans are available for RVs at your final destination.
Q: Will I still have coverage if I live in my RV full-time?
A: If you own an RV and are using it as a place of residence, you can elect “full-timer” coverage that works in a similar way as a homeowner’s policy. This offers type of insurance offers more extensive coverage and you will need to check with your insurance provider to find out what is, and what isn’t covered.
Sources:
QuickRVInsuranceQuotes.com — Getting Answers to RV Insurance Questions
Changin’ Gears — RV FAQ’s & Tips
Good Sam Vehicle Insurance Plan — RV Insurance Frequently Asked Questions