Recreational Vehicle Insurance
Recreational vehicle (RV) insurance can provide crucial financial protection if you’re in a vehicular accident or your RV is damaged by other causes. Contact Allgood Insurance in Winston-Salem, North Carolina, to learn more about RV coverage.
What Is Recreational Vehicle Insurance?
Your RV insurance is a contract between you and your insurance company. In exchange for your premium payments, your insurer agrees to pay for covered losses up to your policy limits. Your insurance needs may vary depending on your RV use (e.g., full-time residence or short trips).
Types of Recreational Vehicle Insurance
There are numerous types of RV insurance for you to consider. Your insurance agent may recommend the following RV coverages:
- Liability coverage can help pay for third-party damages that occur while driving. There are two primary types of coverage:
- Property damage liability coverage can help pay for third-party vehicular damage or property damage you’re responsible for behind the wheel.
- Bodily injury liability coverage can help cover third-party costs (e.g., medical bills and lost wages) if you’re liable for their bodily injuries while driving.
- Medical payments coverage can help cover medical expenses if you or your passengers are injured in your RV, regardless of fault.
- Comprehensive insurance coverage can help pay damages arising from noncollisions (e.g., theft or animal impacts).
- Collision insurance coverage can help reimburse you for collision damages to your RV, regardless of fault.
- Uninsured/underinsured insurance coverage can help pay for costs arising from vehicular accidents with uninsured or underinsured drivers who are at fault.
Just as with car insurance, your insurer may offer additional RV coverages for you to choose from, such as the following:
- Roadside assistance coverage
- Safety glass replacement coverage
- Towing and labor coverage
- Permanent residence coverage
- The agents at Allgood Insurance can help you evaluate your insurance needs. Contact us today for further guidance.
Is Recreational Vehicle Insurance Required?
In North Carolina, motorhome owners must demonstrate financial responsibility to operate such vehicles. A way to comply with this is to carry liability insurance that meets the state’s minimum coverage requirements for third-party bodily injury and property damage. Depending on the policy’s liability limits, these policies must also include either uninsured motorist coverage or uninsured/underinsured motorist coverage. Carrying only insurance that meets the state’s minimums may be inadequate and could expose you to more financial risk. Work with our agents to help secure coverage that best fits your needs.
Additionally, the financial responsibility requirements apply to all motorized vehicles that can drive independently. Insurance isn’t typically required for pull-behind trailers and pop-up campers, although you can purchase coverage to help ensure those vehicles are financially protected. Reach out to us for more information.
Allgood Insurance has been helping customers find the right insurance for over 20 years. Contact us to speak to an insurance agent and for a free RV insurance quote.