Insurance for towable RVs is almost never required, but you need at least the minimum coverage required in your state if you have a self-propelled RV. However, there are more than enough reasons to get insurance for your used RV or brand new RV even if it is not required.
RVs are meant for the road, which means you have to share the road with people who drive cars, trucks, and other vehicles. This puts you and your motorhome at risk of a traffic accident.
data from the National Road Safety Authority (NHTSA) shows that the number of accidents has increased in recent years.
Data shows that there were 6.76 million traffic accidents in the US in 2019. This is an increase of almost 25% compared to 2010, less than a decade earlier. As the number of collisions on the road increases, so does your risk of an accident.
Although the latest 2020 NHTSA data suggesting that the number of accidents has declined overall, these numbers coincide with a dramatic drop in vehicle traffic this year. As a statistical outlier, we removed it from our analysis.
Sources of RV damage
Traffic accidents are a real risk for your RV, but they’re not the only way they get damaged. These are some of the most common causes of RV damage:
- Leaky roof or window: When you drive a lot of miles in your RV, all the vibrations from the road tend to loosen some of the seals around your roof and windows. This can create gaps for moisture to penetrate, eventually leading to water damage.
- Theft: Although it is not common for RVs to be stolen, it does happen.
- weather: Tornadoes, floods, ice storms and other severe weather events can cause significant damage to a camper.
- trees: Falling trees and branches pose a hazard to RVs, especially when camping in densely wooded areas.
- Fire: RV fires are one of the most common causes of damage to RVs.
Note that comprehensive motorhome insurance covers most of this damage. They are not covered by collision insurance.
fires in recreational vehicles
Fire is one of the biggest risks for RV owners. From 2018 to 2020, an average of 4,200 RV fires were reported to U.S. fire departments each year, according to data from United States national coordinating agency for disaster relief (FEMA). During that time, these fires resulted in an annual average of 125 injured and 15 dead.
These fires were also expensive. Recreational vehicle fires caused an annual average of $60.3 million in property damage, or an average of $15,350 per fire.
Accidental fire damage to your RV is covered by typical comprehensive insurance. However, if your RV catches fire and causes damage to other items in the area, you may need additional coverage, e.g. B. a holiday liability insurance to cover these damages.