An RV is not an automobile. Yes, if it’s a motor home it has an engine and wheels, but that’s about where the comparison ends. So would you expect your automobile insurance to cover your RV? If you do, someday you may find that you’re woefully under covered for whatever calamity has just struck while you’re on the road. It’s a good idea to educate yourself about RV insurance coverage before you buy, or update, a policy. It never hurts to be on the safe side.

            In these categories RV insurance coverage is very similar to automobile insurance. Collision covers damage to your RV incurred in an accident and comprehensive covers damage from other sources, such as wind, vandalism, or fire. As well, injuries and damages caused by you to other people or their property fall under liability coverage. Where RV policies differ is in the addition of vacation liability; similar to homeowners insurance this protects you from legal action should anyone get hurt in your RV or at your campsite.

            Replacing an RV, whether it’s a motor home or a travel trailer, is a costly proposition that likely won’t fit within your auto policy’s limits. However, RV insurance coverage provides several options for help should you need to replace your vehicle due to an accident or other damage. Total Loss Replacement reimburses all expenses to replace your newer model RV (up to five years) but has the highest premiums, while a Purchase Price Guarantee limits claims to the amount you actually paid.  A third option comes with the cheapest premiums but will only pay you the current market value of your RV. An additional choice is to insure an RV for an agreed value, usually determined by an independent appraisal.

            Another specialized RV insurance coverage to consider is a policy designed for full timers. If you live in your RV all the time and have no other home, you need to protect your RV and your personal property with sufficient coverage similar to homeowners’ insurance. In this way a flood or forest fire won’t leave you stranded and homeless.