Recreational vehicles come in many different shapes, styles, models, and sizes. Class A motorhomes are typically the largest and most expensive RVs. They usually have all the comforts of a home with a kitchen, bathroom, and living quarters. They can also cost as much as a home with a price tag that can range from $200,000 to $2 million. Class B motorhomes are the smallest RVs and are typically converted vans with some amenities. Class C motorhomes are in between Class A and Class B motorhomes. Class C motorhomes are sometimes referred to as mini motorhomes.
Other RVs include bus conversions, truck campers, and towable motorhomes like fifth wheelers and travel trailers. No matter what type of RV you have, you need to have recreational vehicles insurance to protect your investment. If you need to finance the purchase of an RV, the lender will most likely require you to purchase RV insurance as a condition of getting an approval for financing. The type of RV insurance you will need depends on how you will use your RV. Plus, a motorhome is like an automobile, and it must be protected like your car or truck with insurance.
A liability recreational vehicle insurance policy is required in many states. This type of policy will cover property damage, legal fees, and medical costs in the event you are involved in an accident. Some states may require you to have uninsured/underinsured coverage in the event you are in an accident with another motorist who lacks insurance coverage. Other coverage options include collision, comprehension, personal injury, roadside assistance, and personal property.
If you plan on living in your motorhome full-time, then you can choose to have full-time RV insurance coverage. Full-time coverage has higher limits than a standard RV insurance policy because your RV is now considered to be like a home. To determine the right kind of RV insurance coverage is appropriate for your situation, talk to your local insurance agent. They can guide you through the various insurance options that are available and find a policy that is right for you and your budget.