rgatijnet1 wrote:
Put the RV in a corporation's name and cover it with corporate liability insurance. Easy enough to get and it protects you personally from liability. That said, roadside assistance might be tough to get but regular insurance coverage should be no problem since corporations get vehicle insurance all of the time.
If you are in a market where you are the only game in town, just price your RV accordingly and see how it goes.
Good luck in your business venture.
Doesn't really work that way. As an RV is a motorized vehicle you will need commercial RV rental insurance. Do a search and see what comes up. MBA is it and they won't cover a vehicle that old. I own residential rentals and an RV rental business. I have been through all of this on both sides. The ONLY option is to get your renters to carry a rider on their own policy and a lot of companies won't support an RV. You still have to deal with documents, searches etc. It's not so easy as people make it out to be. Hence why you see very little one off folks renting their RV's and a lot of companies with multiple units. You could try and find a comapny to take it on as a leaseback, but again they are bound by MBA and MBA won't cover it. There are legitimate reasons why you won't find rentals over 5 years old. Liability is too high, reliability is too low, and the market is non existant to support attempting to jump through all the hoops, if you even can. You can do it without docs, commercial insurance etc. Good luck. If someone has an acccident and damages or totals the vehicle, another vehicle, or injures or kills someone you will be hung out to dry and likely lose everything if not face criminal charges for negligence. RV rentals is a business and should be handled as such.
