Introduction

RV ownership has surged in popularity over the past decade, with more than 11 million households in the United States owning RVs, according to the RV Industry Association. Whether you use your RV for local camping trips or cross-country adventures, nearly every state mandates that you carry adequate insurance for it. Understanding the type of insurance you need depends on various factors, including the type of RV you own, your location, and whether you’re financing your RV purchase.

Will Your Auto Insurance Policy Cover Your RV?

Your auto insurance policy typically provides liability coverage for your RV if it’s towable, but it won’t cover repairs or replacement if it’s damaged. For that, you’ll need additional coverage. If you own a motorized RV, your standard auto insurance policy won’t suffice; you’ll need a separate policy specifically for your motor home.

RV insurance offers many of the same types of coverage as a standard auto insurance policy, along with add-ons tailored to the unique needs of RV owners. It’s best to consult with your auto insurer to determine the type of coverage you need and explore available options.

What Type of Insurance Is Required for RVs?

If your RV isn’t motorized, you may not be required to purchase additional insurance if your standard auto policy’s liability coverage extends to it. However, for protection against damage and theft, you’ll need extra coverage.

If your RV has a motor, you must purchase a separate policy that meets your state’s minimum insurance requirements. The policy limits and types of coverage you need vary by state. Below are common coverages your state may require:

• Bodily Injury Liability: Required in nearly every state, this coverage pays for other people’s medical bills if they get hurt in an accident you cause.
• Property Damage Liability: Also required in nearly every state, this coverage pays to repair or replace other people’s property after an at-fault crash but doesn’t cover damage to your vehicle.
• Uninsured/Underinsured Motorist (UI/UIM): This coverage pays for your injuries and vehicle damage if you’re hit by a driver who lacks adequate insurance. Some states require this type of coverage.
• Medical Payments or Personal Injury Protection: These coverages help pay for injuries to the policyholder and their passengers after an accident, regardless of fault. They are required in some states and optional in others.
• Comprehensive: While not required by law, comprehensive coverage is often mandated by lenders if you’re financing your RV. It covers damage from incidents other than crashes, such as theft and severe weather.
• Collision: This coverage pays for damage to your vehicle after a crash, rollover, or driving over a pothole. It’s not required by law but is usually required by lenders if you have an RV loan.

What Other Coverage Might You Want for Your RV?

In addition to the standard coverage types, you may want to consider adding specialized coverage to your policy for greater protection:

• Custom Equipment: Provides greater protection for repairs and replacement of aftermarket modifications like new appliances, solar panels, or custom wheels.
• Safety Glass Replacement: Covers the cost to repair or replace the windshield if it’s damaged.
• Awning Replacement: Pays to replace your awning if it’s not covered under collision and comprehensive coverage.
• Gap Coverage: Protects you if your insurer declares your RV a total loss and you owe more on your RV loan than what it’s worth.
• Vacation Liability: Provides liability coverage if someone gets hurt in or near your RV while you’re on vacation.
• Personal Effects Replacement Cost: Pays to replace your personal belongings if they are damaged or stolen from your RV.

The Bottom Line

Whether you’re living in your RV for extended periods or using it for weekend getaways, maintaining adequate insurance coverage is essential to avoid fines and other penalties for non-compliance with state insurance laws. It also helps protect your financial health by reducing or eliminating out-of-pocket expenses after a covered loss. The type of insurance and policy limits you need vary by state and the kind of RV you have.

At O1ne Mortgage, we understand the importance of protecting your investments. If you have any mortgage service needs, don’t hesitate to call us at 213-732-3074. Our team of experts is here to help you navigate the complexities of RV insurance and ensure you have the coverage you need.