What Does Florida Recreational Vehicle (RV) Insurance Cover?

Getting insurance is always a significant task when buying a house, car, or motorcycle. What a lot of people fail to consider is insurance for their Recreational Vehicle (RV), motorhome, or travel trailers. Insurance is always smart, but it is a necessity if you travel and/or live in the vehicle you are traveling with.

All basic policies should cover you in two situations. First, if your travel trailer, motorhome, or RV becomes damaged or stolen. The second is monetary liability protection in case of an accident where another person or their property is damaged.

Let’s take a look at some basic points you should check out when getting RV Insurance. Keep in mind policies and coverage will vary depending on the providers and the type of RV you have, so shop around.

Learn More: Florida RV Insurance Requirements - What You Need To Know

Basic Travel Trailer and RV Insurance Coverage Options

There are four basic types of travel trailer, camper, or other RV coverage:

  • Personal Injury Protection (PIP)
  • Liability
  • Collision
  • Comprehensive
  • Uninsured/Underinsured

Owners of motorhomes are required to carry the state minimum insurance requirements for personal injury and property damage liability but travel trailer owners do not. In some cases, the vehicle coverage may extend to the travel trailer (at least while actively towing) but coverage may not be enough for the damage or loss sustained, so additional coverage should be considered before taking your RV on the road. 

Liability RV Insurance

Liability RV insurance provides financial coverage against your liability for damage to others' property or bodily injury. Liability insurance is a requirement for drivable RVs, like Class C's or Class A's. State requirements only set a minimum, but additional liability coverage can be purchased. 

Personal Injury Protection (PIP) RV Insurance

For motorhome owners, PIP insurance is required just as it would be for a driver of an automobile. PIP insurance covers medical expenses caused by an accident for the driver and any passengers. PIP coverage is designed to encourage injured parties to seek medical attention without having to worry about who was a fault and what coverage the other party has. Florida requires a minimum of $10,000 coverage. Additional coverage can be purchased, but is usually titled under Medical Payments.

Collision RV Insurance

As it does with auto insurance, collision coverage pays for repairs to your RV if the collision is with another vehicle or non-living object (like a pole or guardrail). 

Comprehensive RV Insurance

Comprehensive RV insurance provides coverage for other damage not covered under Collision insurance. These covered incidents can include:

  • hitting an animal
  • theft or vandalism
  • fallen tree limb
  • cracked or broken glass
  • hail or wind storms
  • flooding or other natural disaster
  • riots or explosions

Uninsured/Underinsured RV Insurance

As with vehicle insurance, it is unfortunately common for people to not insure or not have enough coverage for the total cost of damage incurred. When this happens, you can be left with the financial liability of repairs or replacement (or attempting a civil suit yourself to recoup damages). Having uninsured/Underinsured coverage can help mitigate expenses and get your RV back to road-worthiness or replaced if damage is too severe. 

Other Types of RV Insurance Coverage

Travel Trailer All Perils and Named Perils RV Insurance

 All Perils means everything is protected except what is on the provider’s exclusion list. Named Perils is a policy where you get to state what dangers you need to be covered for like theft or wind damage for example. The more named perils you add, the higher the premium.

RV Loss Protection

There are three types of loss protection: Agreed Value, Actual Cash Value (Market Value), and Purchase Price Guarantee (Total Loss Replacement). These are different options to recoup the financial loss if your RV or camper is deemed at Total Loss.

  1. Agreed Value coverage will pay a pre-specified amount in the event of a total loss. This is common for camper-van conversions or bus conversions where the original vehicle may have a lower market value but the upgrades to the inside have made it more valuable.
  2. Actual Cash Value is the most common kind of policy. It may also be known as Market Value which pays out the current value of your RV at the time of the claim. As the Recreational Vehicle gets older, it depreciates. If you purchased your RV or travel trailer for $100,000 but at the time of the accident, it had a resale or market value of $75,000 then you would only be paid $75,000 (less your deductible).
  3. Purchase Price Guarantee coverage is also known as Total Loss Replacement. This is an upgrade coverage option under which your insurance carrier would cover the cost of a new yet similar size, class, and model RV. While it is an upgrade option, it is only available to RV owners within the first two years from manufacturing and expires after 5 years*. Once your RV is older than 5 years, you’ll have to switch to Actual Cash Value coverage—possibly Agreed Value if you have made value-improving upgrades and can show proof or an appraisal of the improved RV market value.

*Industry average time frame. Some carriers may have longer or shorter Purchase Price Guarantee timeframes and can have different stipulations for payout vs replacement options. Check individual carrier options before enrolling in coverage.

Full-Timer RV Insurance Coverage

For individuals who live in their camper year-round, either in one location or on the road, there is insurance coverage available for their unique living arrangements. Full-timer RV insurance coverage works more like a homeowner's insurance policy with liability and property damage coverage.

Vacation Liability Insurance for RVers

This may also be available under the name Campsite Liability Coverage and is a great coverage for those who take their RV out periodically for recreational/vacation use. This insurance coverage provides property damage and liability coverage while parked at a campsite, but not to the extent that Full-Timer Coverage includes.

Brandon's Independent Insurance Agents for Florida RV Insurance

A good RV insurance policy will give you coverage for property damage, protection for the parts of the vehicle, public liability, roadside assistance, and emergency vacation expenses. The best thing to do is to compare a few different companies, and the best way to do that is usually through an insurance broker. The independent insurance agents deal with more than one provider and can assist you in defining what you need and find the best insurance package for your recreational vehicle.

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