Campers and RVs have always been popular and except for a short period during the recession, sales of RVs have continued to be brisk. In fact, according to Statista.com, sales of RVs have steadily risen from approximately 300,000 wholesale shipments in 2000 to more than 430,000 most recently.
But if you are thinking of joining the legions of happy RV and camper owners, there are some insurance options you may want to think about. For example, did you know that if your RV is just a camper you tow behind your car, you don’t have to insure it to transport it? This type of camper/trailer should be covered by your auto insurance policy. On the other hand, if your RV is motorized, it is considered to be like any other vehicle that uses the roadways and will need to have the minimum auto liability insurance that is required by the state in which the vehicle is registered.
In addition to that there are many other options for RV insurance. The coverage you need depends on how you are using the vehicle. With that in mind, there are some things you should consider.
Most RVs are only used a few times a year and so it makes no sense to pay for insurance all year. It may be wise to consider a policy where you can drop coverages that are unnecessary during that down time. Buying a policy that lets you turn these coverages off and on can save you a lot of money while still providing protection if your RV is damaged by a storm, fire or even theft.
Most RV policies won’t cover personal property like clothing, jewelry, electronics, etc. If your homeowner’s insurance won’t extend to your RV, you should ask if there is a personal effects option you can add to your RV coverage.
To save money you can also look into bundling your RV with your homeowner’s or auto insurance. To find out more about the options for RV insurance, contact a qualified insurance agent.