Vehicle Insurance For RVs

RVs or Recreational Vehicles have become very popular off late. It is a motored vehicle that is also used as a living space and is equipped with bedroom, bathroom, kitchen, and a living room. RVs are used for full time living, as well as for camping or vacations. As opposed to old day caravans, modern RVs are equipped with upgraded and fully functional electrical system, generator, running water, and satellite TVs. Today RVs have become a status symbol with patrons spending millions of dollars in custom made vehicles that are equipped with state of the art modern living gadgetry, furniture, furnishing as well as high end art work. If you too own one of these vehicles and are looking for a suitable insurance policy, read on for information.

The insurance policy on your RV will depend on the type of vehicle you own. If your RV is in form of a towable trailer that is attached to the back of your car or truck, then you would not need a motor insurance policy on it. The insurance policy, whether you own a regular car or a Ford-150 truck, will cover all liability for your tow trailer as well. In such case if you want to protect your trailer against loss or damage, a typical property related insurance like home insurance would suffice. These insurance policies will protect your trailer against theft, vandalism, or losses due to fire etc. However, if your RV is motorized then you would need to purchase a motor insurance policy to cover basic liability as well as any additional featured which you would like to cover.

Most modern day RVs are motorized vehicles. There are various segments in these like Class A motor home (built out of commercial truck chassis) and bus conversions (built out of commercial bus chassis). These RVs are motorized vehicles and hence require the basic insurance as mandated by the jurisdiction in which you travel by these RVs. The motor insurance policies on RVs are structured similarly to normal motor insurance. The components of a typical vehicle insurance policy for a motorized RV are as given below:

- Liability Coverage: The basic requirements of liability coverage for motorized vehicles differ from one jurisdiction to another. However, in most states, all vehicles are required to have 3rd party liability coverage which protects a 3rd party against bodily injury or death due to an accident in which the insured vehicle is found to be at fault. The 3rd party liability coverage also protects any 3rd party property from any damage or losses in these accidents. It is therefore recommended that you enquire about the basic liability coverage required for your RV from your local transport office or DMV office before you take your RV out on the road.

- Protection for driver and owner: This is the second level of coverage offered by most insurance providers on motorized vehicles. This feature covers you for medical bills as well as life insurance if you are involved in an accident while driving your RV. It also pays for any repair costs or a guaranteed amount if your RV is damaged or totaled in an accident.