Whether you have a pop-up, a pull behind or a full recreational vehicle (RV) rig, there’s no time like now to load up the family or take a romantic drive to a state or national park. But anyone who has ever owned an RV or motorhome for any length of time knows that stuff happens. So why carry the weight of worry or concern and travel uninsured?
Things going wrong on the road while traveling in an RV or Motorhome is all part of the adventure. Windshields get hit by rocks, collisions happen, etc. and you know how tough it is to be pulling or driving one of the biggest rigs on the road.
And since the COVID pandemic appeared, there has been a huge increase in the number of people who have decided to sell their home and see the country in their RV or motorhome.
The bottom line is, peace of mind is your most important ally on an RV trip and having the right insurance is the best way to get that. Autumn Insurance has coverages made for and built for families like yours.
So, Why Not Just Pay for Damages Out-of-Pocket?
RV insurance protects you, as an owner, from the excessive out-of-pocket costs that could occur in the event of a loss or if you are at fault in an accident that causes bodily injury or property damage. It can also provide compensation for your costs if you have a breakdown.
As an example of how your RV insurance works, here are a few scenarios detailing how your RV insurance at Autumn Insurance can protect you: :
- If you have uninsured/underinsured motorists coverage and another driver collides with you but is not insured, your insurance company will pay for your damages. The amount of compensation you receive will depend on the amount of damage, your deductible amount, and the limits set on your policy.
- If you are at fault for an accident, the other driver will file a claim with your insurance company. Your insurer will pay the claim up to the limits of your liability policy. You will pay the costs of any damages, injuries, legal fees or judgments out of pocket beyond the limits set on your policy.
- If your RV is disabled after a crash and has to be towed, your insurance will cover some or all of the costs of towing.
- If your RV is stolen, an animal causes damage to your RV, or it is damaged in a hail storm, your comprehensive insurance would provide coverage for your losses, after your deductible and up to the limits you’ve selected in your policy.
So What is it Going to Cost Me?
In all honesty, the price of your RV insurance varies depending on some key factors:
- Whether your RV is a Class A, B or C model – Class A is the most expensive coverage followed by Class C, while Class B RVs are the least costly to insure.
- Whether you use your RV occasionally or if you are living in the RV full-time
- Your driving history and record of accidents or past claims
- The limits you set on your policy, as well as the deductible amounts – for example, your overall costs will be lower if you choose high deductibles, but you will also have higher costs to pay out of pocket if you need to file a claim
- The additional riders or added coverage you want to add, such as coverage for your personal belongings, towing and roadside assistance coverage, etc.
So as a reference point, a Class A RV may cost around $2,000 dollar a year or more to insure, while a Class B may fall somewhere in between $1,000 to $2,000 dollars. Again, this is dependent on many of the factors listed above.
Bottom line: Why You Need RV Coverage
RV insurance is an important coverage because of the large investment you’ve made in your motorhome. It is also important because these are large vehicles that can cause major injuries and significant damage to other vehicles and property in an accident. Many times, situations which are totally out of your control.
Consider also that if you buy a new RV costing anywhere from $30,000 to over $200,000 and haven’t purchased full replacement cost coverage, you can be saddled with significant costs if it is totaled in an accident.
Yes, You’re Required to Carry RV Insurance
Like car insurance, RV insurance is required in every state. Michigan requires a minimum amount of liability insurance; in addition, some require uninsured and underinsured motorists coverage. In addition, if you got a loan to purchase all or part of the RV, your lender will require it before you drive it off the lot.
Collision and comprehensive insurance limits are determined by you, the consumer. But be sure to consider how you will cover your costs if you are in an accident and do not have adequate coverage.
Under the following circumstances, you will experience additional requirements:
- If you rent an RV
- If you live in your RV full time – in this case, you will need full-timers insurance which has some similarities to homeowners insurance
- If you finance the purchase of an RV – when you borrow money to buy your motorhome, your lender will most likely require you to buy RV coverage before your financing can be approved
We WILL Save You Money on RV Insurance
Autumn Insurance will do the comparison shopping for you to find the very best and most economical coverage for your RV and motorhome.