Self Insuring your RV Trailer ?
Has anyone self insured their RV. Towing the RV is covered for collision and liability, that's a no-brainer. I'm thinking, why not put the premium money in an account, build it up over time and use it...
Forum Discussion
STBRetired wrote:
Better carry at least liability insurance or have really deep pockets. If you have a seven figure bank account that you can wave goodbye to if you are found at fault in an accident, then self insurance is a possibility. If not, you could lose everything if found at fault.
Liability coverage is under the tow vehicle policy. The only reason to have a policy on a trailer is because you want physical damage coverage.
To the OP, if you have an older rig, it might make sense to “self insure”. Truth is you will have to save a lot of premium dollars (like a lifetime) to pay for anything newer than 10 years old.
To me, it makes sense to pay for full coverage. The only thing I don’t have coverage on is the old boat I bought for my father.
