Indiana recreational vehicle insurance has some similarities with regular auto coverage, but there are some distinct differences as well. You might wish to start with the question, ‘What is RV insurance?” As with regular insurance coverage for cars, recreational vehicle coverage must include the standard liability insurance that other vehicles must carry. In some cases, RV owners must carry both a separate RV insurance policy and standard automobile insurance covering minimum liabilities, depending on the type of recreational vehicle they have. Recreational vehicle coverage can vary depending on which class of RV the vehicle belongs to, the size and whether it is financed, owned outright or rented. For example, RV insurance is generally more expensive for Class A recreational vehicles than it is for Class B. And Class B RV insurance coverage costs more than coverage for Class C vehicles. To find out more about recreational vehicle insurance quotes and rates continue reading below. To begin your search for coverage now, you can get RV insurance quotes here.
When is recreational vehicle insurance necessary?
Where RV insurance policies are concerned, your IN recreational vehicle coverage must carry the state minimums for liability insurance. Indiana state minimums are as follows:
- $25,000 for bodily injury or death of one person
- $50,000 for bodily injury or death of two people in one accident
- $25,000 in property damage coverage for one accident
A separate RV insurance policy is required if your recreational vehicle falls into Class A or Class B, meaning it is considered a motorhome. You must have recreational vehicle coverage in Indiana if you do not own your recreational vehicle free and clear, but rather took out a loan to finance it. An RV insurance policy is mandatory for all rented recreational vehicles. Financed RVs require RV insurance coverage so that lenders can be made whole on their loan should the vehicle become a loss in an accident or other mishap. Often times, RV insurance policies purchased by lenders come at a much higher premium and may not include liability coverage. Rental RV insurance may sometimes be available through your auto insurance company. Often, the rental company will include recreational vehicle insurance in the rental price. Get recreational insurance quotes and rates to learn how much you may have to pay for the type of coverage you need.
When is RV insurance optional?
There are times when RV insurance policies are optional. One such circumstance is when your RV falls within classification ‘C’. This means that your RV is towable and not a drivable vehicle. Your regular vehicle insurance extends to your motorhome to cover it in case of an accident. An IN RV insurance policy is not required if you own your recreational vehicle outright rather than having it financed, and the coverage is otherwise not required by law. However, an RV insurance policy is recommended in any situation even when not mandated. Without recreational vehicle coverage, you may risk losing your recreational vehicle to damage or loss. Before buying an RV insurance policy, you may want to determine how much your motorhome is worth. Keep in mind that most times RVs are stored in a yard or other exposed area where the vehicles are susceptible to vandalism and weather.
What does an RV insurance policy cover?
The primary differences in Indiana RV insurance coverage relate to the different classes of recreational vehicles. The towable, camper style RV is known as a Class C RV. Class C RVs can be covered under your regular auto insurance and do not require a special policy. However, you can purchase a recreational vehicle insurance policy to cover a Class C RV if you so desire. Compare RV insurance quotes here to get started.
There are two levels of RV insurance coverage for the other classes that fall into the motorhome category. Standard camper coverage provides recreational vehicle coverage for comprehensive and collision. These RV insurance policies in Indiana are useful because RVs do not have standard parts or repair protocols and any repairs that may need to be done can quickly become expensive. Recreational vehicle coverage also comes in what is termed specialized coverage. Specialized RV insurance covers the following:
- Total loss replacement, which is normally only available on untitled RVs no older than one year
- Custom equipment, which covers things like upgraded interiors or exteriors
- Roadside assistance for flat tires, dead batteries, etc.
- Vacation liability, which covers damage and injury while your RV is being used as a temporary home
- Personal effects, which covers your personal belongings in the RV