Campers, motorhomes, trailers and other recreational vehicles (RVs) create an exciting potential for traveling and exploring the world. RVs can provide you with the freedom to enjoy journeys all over the United States and beyond while maintaining many of the comforts of a traditional home. However, both motor vehicles and homes also have inherent risks and exposures. When using your RV for both purposes, particularly as a full-time residence rather than temporary mobile housing, it becomes increasingly important to take potential incidents seriously.
What Is Full-Time RV Insurance?
As its name suggests, full-time RV insurance is a type of coverage advisable if your vehicle is used as your primary residence. This is typically classified by whether you spend more than six months of the year living in your RV. While most RV insurance policies regardless of your residency status share certain features, there are several components that full-time occupants should ensure are included in their coverage, such as the following:
- Personal liability coverage—This part of your full-time RV insurance policy can help pay for third-party bodily injuries and property damage for which you are liable and that occur while you’re parked. This type of coverage provides greater financial protection than vacation/campsite liability coverage, which may be inadequate for full-time RV residents.
- Medical payments coverage—By including this coverage, often referred to as MedPay, in your full-time RV insurance policy, you may be able to provide financial assistance to people who are injured while near or inside your RV. These funds may help pay for their health care costs, such as hospital stays, doctor visits, surgery and X-rays.
- Loss assessment coverage—This coverage may compensate you for fees charged by the association in charge of maintaining the location where your RV is parked. This may include expenses for essential repairs to common areas.
What Other Types of Coverage Should Full-Time RV Residents Have?
While several coverages may be especially important for those using their RVs as their primary residence, many standard features of RV insurance policies should still be retained. When composing or reassessing your coverage, ensure that the following are included:
- Bodily injury liability—This coverage may help pay for third-party losses arising from accidents that occur while you’re on the road and for which you were at fault.
- Property damage liability—This coverage may compensate third parties for property damage if you were responsible for an accident while driving your RV.
- Collision—This part of your policy may provide financial assistance if your RV is damaged in a collision with another vehicle or object.
- Comprehensive—If your vehicle is damaged by a noncollision incident, such as fires, severe weather or crime, this coverage may help insulate you from financial losses.
- Uninsured/underinsured motorist coverage—This coverage may help you recoup losses if another party is at fault for an accident but lacks adequate insurance.
- Personal property coverage—This part of your policy may financially protect belongings stored or transported in your RV.
Get the Right Coverage
At PAC Insurance Agency Inc., we specialize in serving homeowners, auto and RV coverage needs. With experience dating back to 1981, our dedicated staff is well-equipped to assess your circumstances and assemble optimal policies. Contact us today to get started.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.