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RV Insurance for Seniors

Traveling is a popular hobby for seniors to undertake when they retire with newfound time to take advantage of. Traveling outside of the United States is enjoyed by many seniors, and a good number of retirees decide to purchase a recreational vehicle (RV) to have the comforts of home – while being on the road and exploring the many beautiful states which the country has to offer. RVs have a lot of beneficial value to seniors because a wide range of budgets can be used to purchase one – from basic ones with the necessities to luxury makes and models with lots of bells and whistles. 


Just like every other motorized vehicle on the road, RVs also require that you need to have insurance – every state mandates it. Much the same as other insurance products, you want to ensure that you have coverage that addresses your RVs needs, and at a price that fits within your budget – so it’s important to shop around to find the best deal possible.

What Does RV Insurance Cover?

RV insurance covers this particular vehicle much the same way as regular auto insurance does, including:

  • Collision – This helps to pay for fixes and repairs to your RV if you caused a vehicle accident to occur, or if you accidentally crashed into something on a property such as a tree, for example.

  • Comprehensive Coverage – This can take care of a wide variety of issues such as vandalism, theft, or even unexpected damage caused by an animal.

  • Liability Coverage – In order to legally drive on the road with an RV, you are required to have at least the minimum liability coverage required by your specific state for automobiles. If you’re at fault for a crash, liability coverage will pay for any injuries suffered by the other driver(s) and passenger(s), and sustained damage to the vehicle(s) – up to your maximum limit.

There’s the standard coverage as mentioned above, and you can also add-on additional coverage to take care of things including:

  • Total loss replacement

  • Campsite and vacation coverage

  • Towing and roadside coverage

  • Uninsured and underinsured coverage

  • Personal property

  • Personal attachments – awnings, satellite dishes, antennas, etc. 

If you have one or more pet and you plan on traveling exclusively with him, her, or them in your RV, then you can also look into pet insurance to deepen the amount of coverage you have. This type of coverage helps to pay for potential veterinary or other bills if your pet or pets are injured while traveling in your RV. Storage coverage is also available and recommended if you want to store your RV off your property for extended periods of time – doing this can actually greatly reduce your monthly premium amount, as it indicates to insurance companies that you won’t be driving your RV every month of the year. 

Is There Anything That RV Insurance Doesn’t Cover?

Every company and policy differs for RV insurance, but in general – travel trailers, campers, and other non-motorized units aren’t covered under the RV insurance policy, those additional products require their own individual policies. The majority of insurance companies only cover RVs when inside of the United States – so if traveling within Mexico and even Canada, coverage may be limited or non-existent. When purchasing RV insurance, be sure to understand where your RV is covered when traveling. 

Why Can’t I Just Get Regular Auto Insurance For My RV?

Regular auto insurance doesn’t cover living spaces within RVs including sleeping areas and kitchens, just the actual vehicle area is insured. It’s in the best interest of everyone involved to get the insurance that has been specifically designed for RVs. 

What Is the Cost of RV Insurance?

RV insurance varies according to various criteria, but there are some general guidelines involved to determine the cost. Starting with the type of RV you have plays a big factor – a Class A model has the highest cost for coverage, Class C is the next highest, and Class B RVs typically have the lowest cost for insurance. A Class A recreational vehicle may be in the ballpark of $2,000 per year to insure, and a Class B type may range from $1,000 to $2,000. Other variables include your driving record, how often your RV will be used and if it will be lived in full time, and the limits and deductibles also factor in. As you might imagine, the annual cost per year is dramatically higher if you live in your RV. Also, depending on how often you plan on using your RV, you can either have full-time or part-time coverage. 

Where Do I Purchase an RV Insurance Policy?

An insurance agent can be very helpful with getting you to understand your RV insurance options, even if you think you know what type of coverage you will need – they are the experts and can assist you with building a policy that you can be confident in whether your RV is sitting in your laneway or on the road. Examine a few different companies that have coverage for your area of residence, so you can compare coverage and cost to ensure you get a great deal. If you already have an RV insurance policy in place but are thinking about switching companies and want it reviewed – any agent would be happy to look it over and make recommendations. 

 

If you own an RV it’s up to you to get the proper insurance coverage that you need, the extent is up to you and there are lots of options you can get to suit your specific situation. Investing in an RV also means being responsible to protect that investment both short and long-term with an adequate insurance policy that offers protection while on the road and when the RV is sitting idle.

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