Traveling in a recreational vehicle (RV) is an exciting way to explore the open road, allowing you to take your home wherever you go. Whether you own an RV or are considering renting one for your next adventure, you must be aware of the insurance coverage that applies to rental and sharing.
Rental RV Insurance: Protecting Your Road Trip
Renting an RV has never been easier. Whether you’re a seasoned RV traveler or a novice, insurance coverage should be at the top of your checklist when planning your journey. Your agent may recommend the following coverages:
- Liability coverage—This policy may help cover bodily injury and property damage that you may cause to others while driving the rented RV. It’s often included in your rental agreement, but it’s wise to double-check.
- Collision and comprehensive coverage—These coverages may help protect against damages to the RV itself, including accidents with other vehicles or objects and noncollision damages like theft or natural disasters.
- Personal effects coverage—The rental agreement may not cover your belongings. Consider adding this coverage to protect your items inside the RV.
- Vacation liability—This policy may help provide protection if someone is injured inside your rented RV while parked. It’s a smart addition for those planning an extended trip.
As an RV owner or renter, you have many policy and endorsement options to help you get appropriate coverage. Your agent can help evaluate your choices and build a tailored RV insurance plan to meet your needs.
RV Sharing Insurance: Navigating the Peer-to-Peer Marketplace
The rise of peer-to-peer RV sharing platforms allows RV owners to rent their vehicles to others, a concept similar to vacation home renting. This sharing economy brings unique insurance considerations.
If you are an RV owner planning to rent your vehicle, inform your insurance provider and adjust your policy accordingly. Your standard RV insurance might not cover rentals.
Renters should verify the RV owner’s or the platform’s insurance to understand the coverage limits and the potential need for additional protection.
Your agent can help evaluate your current RV coverage and fill any gaps with the right policies and endorsements for your situation.
Contact PAC Insurance Services with offices in Birmingham, Bessemer and Roebuck, Alabama, to learn more about your RV sharing insurance options and get a personalized RV insurance quote.