What You Should Know About RV Insurance

An RV is a great investment. It gives you a chance to gather the family and see the country together. While an RV is a great investment for the family, it is also an expensive one. The best way to protect your investment is to purchase RV insurance through Jim Boyce Insurance, who serves the Charlotte, NC area. Before you do, however, you should understand how RV insurance works.

What Does RV Insurance Cover?

RV insurance is similar automobile insurance. It includes collision, comprehensive, and liability insurance. If you want additional insurance for your belongings on board or any equipment attached, such as an awning or satellite dish, it can be purchased separately.

How Much Does RV Insurance Cost?

The cost of RV insurance depends on the class. There are three RV classes. They include:

  • Class A: This class includes luxury coach models, converted buses, and motor coaches. The vehicles in Class A can be up to 75 feet long.

  • Class B: This is the smallest class of RV’s. They can include cargo vans, travel trailers, and camper vans.

  • Class C: RV’s in this class use a cargo van for driving the RV. The camper portion extends over the cab area. It also covers all 5th wheel vehicles.

When it comes to cost, insurance for Class A RV’s is the most expensive. That is followed by Class C, and then Class B.

The cost will also depend on if you are going to be using your RV occasionally or if you are going to be living in it full time. Your driving history and your past claims also have a great deal to do with the cost of insurance. If you choose a low deductible, the cost of your insurance would be higher. If you choose a higher deductible, your insurance would be lower. Finally, if you add any additional riders to your insurance, such as coverage for personal belongings or towing and roadside assistance, your premiums would be higher.

The rates and coverage vary from state to state, therefore,  you would need to contact an agent for a quote.