Recreational vehicles (RVs) can be an exciting and convenient way to travel and experience a unique lifestyle. Often doubling as temporary or even permanent residences, RVs can offer mobile stability and security during your journeys. However, RVs may also include many risks and exposures that could lead to significant financial losses. Without adequate insurance, even a single incident could leave you stranded or facing insurmountable out-of-pocket costs. 

How Does RV Insurance Work? 

Like many types of insurance, RV insurance policies represent a financial agreement between you and your insurer. By purchasing your policy and keeping up with your premiums, you may be able to access critical financial assistance in response to covered incidents involving your vehicle.  

What Does RV Insurance Cover? 

You can often customize RV insurance to suit your unique circumstances. Your policy may be adjusted or augmented to fit how you use your RV, where you drive it and your budgetary limitations. Typically, the following coverages may be included in an RV insurance policy:   

• Bodily injury liability—This coverage may help pay for the financial losses of a third party if you are responsible for their injuries.

• Property damage liability—This coverage may compensate third parties if you are responsible for damaging their property.

• Collision—This coverage may provide financial assistance if your RV is damaged in a collision with another motor vehicle or stationary object.

• Comprehensive—This coverage may help pay for repairs if your RV sustains damage from incidents not included in collision coverage, such as fires, severe weather, falling objects (e.g., tree limbs) or striking an animal.

• Medical payments—This coverage, also known as MedPay, can help pay for the medical expenses of you and your passengers following an accident on the road, regardless of who was at fault.

• Personal injury protection—This coverage, also known as PIP, may provide similar financial assistance for medical bills as MedPay while potentially helping to pay for additional losses, such as reduced income if your injuries affect your ability to work.

• Uninsured/underinsured motorist—These distinct coverages may help pay for your losses if another party is at fault for an accident but has no or insufficient insurance.

• Personal property—This coverage may help insure belongings being stored or transported in your RV.

How Much RV Insurance Do I Need? 

Specific legal requirements regarding RV insurance may vary depending on where you are or plan to travel. Most states require minimum liability coverage to ensure that parties affected by your actions have the means of recouping their losses. If your travels take you outside the United States, such as to Mexico, you may need to acquire additional policies. Regardless of legal requirements, RV insurance should be prioritized for anyone with such a vehicle, as lacking sufficient coverage could mean high out-of-pocket costs and may leave you without the means to maintain your vehicle.  

Get the Right Coverage 

The dedicated staff at Ludovissy and Associates Insurance are well-equipped with the knowledge and experience to help you assess your RV coverage needs and maintain financial security throughout your travels. Contact us today to get started.