A Recreational Vehicle or RV is a class of property that includes but is not limited to; motor-homes, travel trailers, fifth wheel trailers, campers, toy haulers, campers, and pop up trailers.
If an RV has an engine like that of a motorhome then it is covered the same as an auto insurance policy. However, there are extra add-on options available like personal property and endorsements for specific coverage like special equipment.
If the RV is towed or carried like a travel trailer or camper, then comprehensive and collision coverage is all that is placed on the RV. The liability carries over from the towing or hauling vehicle’s policy.
The cost of RV insurance is dependent on underwriting factors and coverage amounts needed.
You do not have to have insurance on a travel trailer, but if there is a loan on the travel trailer it may be required by the lienholder to have comprehensive and collision coverage.
The cost of insurance on a fifth-wheel, depends on the underwriting points and the needed coverage amount and value of the fifth wheel.
The cost to insure a motorhome depends on items like driving record and other insurance company rating factors. as well as the coverage requested for the motorhome.