Does Your RV Need Extra Insurance?

Whether you’re thinking about buying an RV or you already have a recreational vehicle that you’re preparing to take out on the open roads, one of the most important factors to consider is one of insurance. While it’s true that you could add an RV onto your existing auto insurance policy, doing so would cause you to miss out on some of the special forms of recreational vehicle insurance coverage explicitly designed for these vehicles – and the benefits that only they can provide.

RV Insurance: What You Need to Know

As with a traditional auto insurance policy, RV insurance is designed to protect the owner and operator in the event of damage or injury caused by an accident. Because recreational vehicles are so much larger (and more expensive), crashes tend to be more costly than those involving traditionally-sized vehicles. This is why RV-specific policies are so essential – they take these factors into consideration, making sure that you don’t have to worry about a gap in coverage.

Because recreational vehicles can also double as either a temporary or even permanent residence, they will likely need protection beyond that of a vehicle being used entirely for transportation or even for business.

One of the most common types of RV insurance is called “total replacement coverage,” which is exactly what it sounds like – a policy that would settle a loss for the total cost of what you would pay for either the same RV or a comparable model new in the event of a catastrophic accident. The downside to these types of policies is that they are commonly only available to brand new RVs that are no older than one year in age.

For everyone else, you can purchase an NEA Recreational Vehicle Insurance policy. They usually cover motor homes between around $500,000 and $300,000 in value and also cover emergency repairs, the replacement costs of personal effects, roadside appearance and more. If you’re going to be living in your RV permanently, you will also need to consider a specific “full timer’s” insurance package.

Gap coverage is also an important point to consider. This would provide the difference between the Blue Book value of the RV and the remaining amount on the loan in the event of a crash.

The Pacific Unified Insurance Approach

At Pacific Unified Insurance, we’ve been proud to help both business owners and individuals all across Los Angeles and the Orange County areas with all of their insurance and other essential needs for decades. If you have any additional questions about whether your RV will require extra insurance, or if you’d like to discuss the specifics of your own personal situation with an expert in a little more detail, please don’t hesitate to contact Pacific Unified Insurance today.

Dave Leahy (140 Posts)

Born and raised in Southern California, Dave was educated at Loyola High School and Arizona State University. After graduation, he founded two successful restaurants in Arizona, eventually selling them to move back to California. He began his insurance career working for Canadian Indemnity Insurance Company before joining Frank M. Flynn & Company in 1979. In 1985, he purchased the agency, eventually joining other local insurance agency owners to form Pacific Unified Insurance in 1992.


Filed under: Auto Insurance — Dave Leahy @ 9:45 am June 13, 2017


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