Insurance Question
What companies do most people use to insure their RV? Are there any issues to be aware of? Deane
Forum Discussion
I use USAA for my motorhome, which they insure as a passenger vehicle. USAA carries all of my liability and casualty insurance and they are one of my banks. Member since 1967, when it was a co-op of officers only.
But they don't write casualty insurance on trailers, rather broker that for another insurer.
What insurance you have to carry depends on the type of RV and financial status. Motorized RVs come under state financial responsibility laws, and what kinds of insurance depends on the state, e.g. "no-fault" vs insurance or bond for liability.
Trailers don't need liability coverage in most cases, so you will be buying casualty insurance only to protect your investment, or a financial institutions interest in the trailer. If you own a trailer outright, and can afford to take the risk on its loss, you can often self insure. If you need to insure just a trailer, shop around, you might get better premiums, particularly if your automobile insurer doesn't actually underwrite that insurance and farms it out.
But they don't write casualty insurance on trailers, rather broker that for another insurer.
What insurance you have to carry depends on the type of RV and financial status. Motorized RVs come under state financial responsibility laws, and what kinds of insurance depends on the state, e.g. "no-fault" vs insurance or bond for liability.
Trailers don't need liability coverage in most cases, so you will be buying casualty insurance only to protect your investment, or a financial institutions interest in the trailer. If you own a trailer outright, and can afford to take the risk on its loss, you can often self insure. If you need to insure just a trailer, shop around, you might get better premiums, particularly if your automobile insurer doesn't actually underwrite that insurance and farms it out.
