Is RV comprehensive and collision coverage required?
Comprehensive and collision are not legally required for RVs. If you own your RV in full, you can choose to opt-out of these coverages, but most lenders require comprehensive and collision coverage if you rent or lease your RV. If you hold the title or pay off your vehicle you can then decide to drop coverage. Learn more about RV insurance coverages and how RV insurance works.
How does RV comprehensive and collision work?
When your RV is damaged, you can make a claim on your RV's comprehensive and collision coverage. If the claim is approved, the insurance company will pay to repair the damages, less the amount of your deductible. If the RV is totaled, the insurance company will issue a payment based on the vehicle's current market value, less your deductible. Different companies and policies handle payments differently. Some write a check for the expected cost of repairs, while others reimburse you once a mechanic has made the repairs.
What's the difference between RV comprehensive and collision coverages?
The main difference between comprehensive and collision coverage for RVs comes down to what caused the damage. Collision coverage pays for damage to the RV that results from collisions with vehicles or objects. Collision coverage can even include hit-and-runs and collisions with parked vehicles. Comprehensive coverage, on the other hand, can protect you from events that are outside of your control, including natural disasters such as hail, high winds, or lightning, plus vandalism, theft, hitting an animal, and even broken glass that isn't the result of a collision.
Is RV comprehensive and collision coverage worth it?
If you don't have a lender requiring you to carry comprehensive and collision, the decision comes down to your finances and your risk tolerance. Comprehensive and collision coverage for your RV will raise your monthly premium but can save you money later if something bad happens. Ask yourself whether it's more important to pay less each month or to have coverage for unexpected expenses down the road.
Other considerations would be the value of your RV, how much you can afford to pay out of pocket for repairs, and how often you use the RV. More valuable RVs stand to lose more in value when damaged and tend to cost more to repair. The more yours is worth, the more sense it might make to protect it. The more you use your RV, the more opportunities it must be damaged.
How to get customized RV coverage
We'll ask about your RV and desired coverages, so you can get the right policy for you.
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