Renting my rv

[rkilgore1950]

I am interested in renting out my Itasca Navion rv, but can't find insurance coverage. Are there any websites or companies that assist in this?

[K_Reeve]

does not sound like a good idea, heck, I know how we treat the work truck, no way would I rent a RV to ME let alone joe public.

but if you really want to do this, I can offer Insurance, its 100K a year, have a 5K deductible, allowed one claim a year to a max value of 20K. PM me if interested 🙂

[tatest]

If you rent through a broker or a dealer, they will find the coverage you need to have, and the providers for coverage each renter needs to buy.

Some of these insurance companies will not deal with you as a private individual, you may need to have status as a rental business to find the coverage you need, depending on what state and how insurers are regulated.

What this insurance costs may shock you. For a single vehicle it will be much higher than the cost to insure for personal private use. Brokers and dealers might buy insurance for X number of vehicles at N total valuation, the umbrella their liability for the fleet. Thus not everything is fully covered but there is coverage enough for what is at risk at any time.

[sowego]

I'd say most people here think it is a bad idea and wouldn't do it themselves.

Your 1st step should be to talk to your insurance agent. Only they can answer questions about damage, liability, etc. Not only do you need to protect the renter but your liability should something happen and some lawyer try to sue you because the coach may have had an issue that could be considered the owner's fault--example...a tire blowout, brake failure, electrical fire, etc. Stuff happens and we can't always predict these kinds of thing.

I'm just guessing but the extra cost & hassle to make this a rental may outweigh any financial gain from renting it out.

Good luck.

[Veebyes]

Co ownership is bad enough but renting is just asking for trouble. Why even consider renting it out? Financial reasons? Let is not even begin to think about insurance & liabilities.

[TheAmRheins]

I can just see this RV at the infield of a race track with a dozen camping chairs on the roof,with people climbing up and down the ladder all weekend.

[GaryWT]

camper19709 wrote:
I would NEVER rent out my RV. I will not even let family or friends use it without me doing the driving. So, needless to say, my RV is never rented or loaned.

X2

[camper19709]

I would NEVER rent out my RV. I will not even let family or friends use it without me doing the driving. So, needless to say, my RV is never rented or loaned.

[Francesca_Knowl]

mlts22 wrote:
Of course, there is the fact that a renter can claim to have insurance, and then destroy the RV... then you have to sue him

That ain't the way it works with rentals- the owner gets the guarantee-of-coverage (sometimes called a "rider") directly from the renter's insurance company before the rig leaves the lot.

No rider, no rig. It really is that simple!

[mlts22]

Of course, there is the fact that a renter can claim to have insurance, and then destroy the RV... then you have to sue him. Having seen similar behavior in real estate where a tenant destroyed a renthouse, but had no assets to make a lawsuit worth the time and cost.

Yes, it is doable. No, the time, trouble, and the effort needed to have lawyers write up the mountains of paperwork needed to CYA and protect your rig wouldn't be worth it. Cruise America is able to do this because they have vehicles specially built and have heavy buying power... as well as very well written rental agreements.

[doxiemom11]

The rig will need to have it's own primary insurance even if the renter has coverage from their own agent/policies. Not many companies will provide coverage for an RV that is rented and the policies will specifically exclude coverage if rented. You would have to establish a business (maybe an LLC would work) and then title the RV in the name of the business (relieves you of personal liability). You then should seek out an insurance broker to obtain coverage for your business. Your business operation-- RV rental company.

[1775]

If you were an RV business such as a dealer, etc. you would not be having so much trouble finding insurance for this, but as an individual who wants to do this you are not only going to run into problems finding an insurance company that will cover this but some states also do not permit it on a personal registration. While it looks like a way to make some money don't do it. Even many dealerships do not get involved in rentals because of the many pitfalls.

[dspencer]

Not a good ideal to rent your rig out under any circumstances!

[Francesca_Knowl]

Most outfits that rent out RV's make the RENTER provide coverage. Most renters do this through their own existing insurance company- that's what I did when I rented a Class C back east for a few weeks. If prospective renters can't provide such insurance, that's an excellent heads up to you that they're probably not responsible enough to be trusted with your rig.

Surely your own agent can help you with coverage that protects you when you're using the rig, and can advise you as to what kind of coverage you need to require of renters that will fully indemnify you (and your own insurer) against all/any risks.

[garyhaupt]

Yeah, I too am on the no side. Now..if you were buying a fleet of RVs, then that is a whole different ball game, but one? I am guessing you'd like to find a way to help pay the monthly or at least help to recover your costs. Renting out your own personal RV is a recipe for trouble. Most of us won't even lend. The costs associated with keeping an RV in good condition just goes thru the skylight when 'other' users get factored in.


Gary Haupt