Do I Really Need RV and Boat Insurance?

Posted October 01, 2021 in RV and Boat Insurance

2 Minute Read: 

If you have a recreational vehicle (RV) or boat or plan to purchase one, RV or boat insurance is essential as it protects you, your vehicle, and your passengers. Your current insurance likely provides insufficient coverage because RV or boat owners face unique risks.

If you plan to enjoy outdoor adventures on the road or water alone or with others in an RV or boat, contact Gallant Risk & Insurance Services, Inc., by calling (951) 368-0700 to learn more about why you need RV and boat insurance and the extent of coverage you should expect from a good policy. 

Our agents will help you choose the best RV or boat insurance to protect your vehicle, yourself, and your loved ones.

Why Do You Need Recreational Vehicle (RV) Insurance?

RV insurance protects you, your RV, and your passengers as you enjoy your adventures on the road or water. In most states, a separate RV insurance policy is mandatory if you:

• Use your RV as a rental vehicle
• Financed your RV
• Have a Class A, B or Class C motorhome

Lenders who finance RVs require the borrower to carry full RV insurance for the life of the loan. 

A good RV insurance policy covers the following:

• Bodily injury
• Property damage
• Medical payments
• Roadside assistance
• Underinsured/Uninsured motorist
• Comprehensive and Collision
• Replacement cost for the cost of the RV
• Replacement cost for personal items inside the RV
• Vacation liability injuries while your RV is temporarily parked

When RV accidents happen, the owners are always thankful they had separate RV insurance.

Why Do You Need Boat Insurance?

Boat insurance is a lot like RV insurance. It protects you, your passengers, and your boat. A good boat insurance policy should cover the following:

• Damage to another boat or a dock
• Death or bodily injury
• Negligence of another boat driver
• Towing coverage
• Physical damage to equipment, machinery, and the hull
• Repair costs
• Boat trailer coverage

As you shop around for boat insurance, be sure to check the exclusions as well as what your policy covers. Typical exclusions include:

• Modifying your boat to enhance its performance or speed
• Operating your boat without a driver’s license
• Operating your boat after dark

If anything is unclear, check with the insurance company to understand precisely how much coverage your policy offers. Check with your state to be sure you comply with the law.

Protect Yourself, Your Loved Ones, and Your RV or Boat

Since you now understand the importance of purchasing adequate insurance for your RV and boat, the next step is to review RV and boat insurance policies with your insurance agent to be sure you are covered.