Driving any motorized vehicle in the United States, state laws requires everyone to adequately obtain liability insurance. Purchasing insurance coverage for recreational vehicles is a complicated issue but it’s not as bad as it looks. There are two parts to purchasing RV insurance; the first part is your standard road insurance coverage, something like what you get for your car. The second part involves whether to insure your personal appliances like TV’s, microwaves and other similar equipment that you find in RV’s.
The true definition of a RV is a motor home, but this term is now loosely used to describe tour buses and travel trailers as well.
Both state and federal law need RV owners to have liability insurance for any damage or bodily harm caused by the insured RV owner. Since RV’s are considered as motor vehicles, they must have coverage just like normal cars such as comprehensive, liability, collision and uninsured motorists. The laws are there to protect people involved in any collision with the RV, and covers any compensation due to them. Collision coverage is the most common type of coverage that RV owners buy, this protects the owner should his/her RV be involved in a collision.
Another popular insurance coverage is that of uninsured motorist coverage, which basically covers the RV driver should they be involved in an accident where the 3rd party is not carry any insurance at all, and it also covers the RV owner from having to pay for any damages caused by another vehicle or person.
Most RV’s or trailer homes contain appliances such as TV’s, fridges, microwaves and other home comforts. Although it’s not required by law, it’s a good idea for you to buy insurance to cover these as well. Apart from being stolen, these appliances could break down with plumbing or wiring issues.
Your RV insurance coverage will not automatically cover your appliances when you buy your coverage; it’s an important point to note. The main difference between RV insurance coverage and standard car insurance coverage is that with trailer home insurance coverage, you can cover personal appliances.
There are many people these days that do not live in a home or an apartment, their main permanent residence is their RV. These residents are given more options by insurance companies when they are purchasing their insurance policies. Many insurance companies offer full-time coverage that is specifically designed for folks using their RV’s as their main place of residence. Ask your insurance provider for this policy, it's called total vehicle and home insurance policy.
In closing, it’s important for RV owners to buy the right insurance coverage for their vehicle. Just like purchasing the right coverage for your house or car, it’s just as important for your RV; many owners buy the bare minimum coverage and then have to pay out-of-pocket for expensive repairs when the RV or the appliances in it do not work.