Recreational vehicle (RV) insurance is coverage designed specifically for motorhomes, campers, trailers and other recreational vehicles. It helps provide financial protection against various risks and damages while using or traveling in your RV. Without adequate insurance, you could be responsible for costly repairs, medical bills, legal fees and liabilities that arise from accidents or damages.  

How Does RV Insurance Work? 

When purchasing an RV insurance policy, you pay a premium in exchange for protection against various risks and damages. The coverage options typically include liability, comprehensive, collision, personal belongings, medical payments and uninsured/underinsured motorist coverage. You can file a claim with your insurance company if an accident or covered loss occurs. If approved, they will provide the coverage amount minus the deductible you agreed upon.  

How Much RV Insurance Do I Need? 

The amount of RV insurance you need depends on several factors, including the type of RV you own, its value, how you use it, your budget and risk tolerance. The following are some considerations to help determine the appropriate amount of RV insurance coverage: 

• Value—The value of your RV plays a significant role in determining the level of coverage you need. If you have a newer, more expensive RV, you may want comprehensive and collision coverage to protect against potential damages or loss. On the other hand, if you have an older, less valuable RV, you might consider liability-only coverage.

• Usage—How you use your RV also influences the coverage you require. If you use it frequently for long trips and extended periods, you may want more comprehensive coverage to protect against various risks. However, if you use your RV sparingly, you might consider adjusting your coverage accordingly.

• State requirements—Check the insurance requirements in your state. Liability coverage is typically mandatory, but the minimum required limits can vary. Ensure your coverage meets or exceeds the minimum legal requirements in your state.

• Personal assets and risk tolerance—Consider your financial situation and risk tolerance. If you have significant assets to protect, it may be wise to carry higher liability limits to safeguard yourself from potential lawsuits in the event of a severe accident.

• Additional coverage—Evaluate additional coverage options, such as personal belongings coverage, roadside assistance and medical payments coverage. These can be valuable depending on your lifestyle and the belongings you carry in your RV.

• Umbrella insurance—If you own multiple vehicles or have substantial assets, you might consider umbrella insurance, which helps provide additional liability coverage above and beyond your RV insurance policy.

Contact Illinois Insurance Associates to discuss your RV insurance options. We can help ensure you have the coverage you need for your specific RV.