Personal Finance

RV vs Auto Insurance – What’s The Difference

RV Insurance=Unique 

When it comes to RV insurance claims, a person would need to order specific RV insurance and not just settle for auto insurance. There are important differences. For example, according to Gibson’s website, RV insurance can provide an insured individual with increased liability thresholds as opposed to simple auto insurance by itself. Additionally, the Gibson website helps break down the wide variety of RV insurance that is out there available for customers. 

Some individuals do in fact live in their units the entire year or at least most of the year. Consequently, getting full-time insurance would likely be the best option. Even if someone were to get hurt and need medical expenses paid for (similar to home insurance)–this full-time insurance would help with these costs. More types of this insurance are camp-site insurance and emergency insurance. The former covers those who only like to live part-time in their unit and the latter informs coverage for units that are getting work done. Gibson suggests meeting with an advisor to determine the best option for each person or situation. 

Many RVs are not used year-round. Individuals driving and recreating in an RV perhaps use their vehicle for a quarter or merely half the year. And so, the ability to suspend the insurance while the RV sits in storage is an advantage to those who utilize RV insurance.

Meanwhile, there is many an automobile insurance agency that will provide RV insurance and be able to handle RV insurance claims–it would simply be under a different type of policy. Additionally, there are unique companies that specialize in this type of insurance–one of these companies would be Good Same. A couple of these familiar insurer names that provide other types of insurance but still have a branch dedicated to RVs would be Progressive and Geico. 

RV=Large Vehicles 

Gibson, on its website, goes on to explain the difference in liability thresholds. Driving an RV is a task that requires awareness of the size of the vehicle. Bigger vehicles can cause more damage to property, other vehicles, or individuals. Therefore, having a higher threshold to handle these emergency situations is a good idea just in case. 

Common Claims

RVs have a unique set of insurance claims associated with ownership. According to RV-Dreams’ website, the most common claims involve tire failures, fire, animal infestations, hitting low-clearings, and not retracting extensions of the vehicle. The website goes on to suggest different methods for avoiding these costly RV Insurance Claims. For example, one way to avoid tire issues is to take a couple of minutes each day to check the tire pressure on the tires. Meanwhile, avoiding fires can be made easier by making sure the appliances onboard are functioning properly and not getting overheated. These are the types of things that people simply driving an SUV or a sedan have to think about. And so, owning an RV takes a certain presence of mind as well to avoid issues and incurred costs by making RV Insurance Claims.