Insurance for towable recreational vehicles is almost never required, but you will need at least the minimum auto insurance coverage required in your state if you have a self-propelled motorhome. However, there are more than enough reasons to buy coverage for your well-used motorhome or brand-new RV, even if it’s not necessary.
Motorhomes are intended for the road, which means you will have to share the road with people driving cars, trucks and other vehicles. This puts you and your RV at risk of a traffic accident.
The data of the National Highway Safety Administration (NHTSA) shows that the number of accidents has increased in recent years.
Data shows that the United States recorded 6.76 million traffic accidents in 2019. This is an increase of nearly 25% from 2010, less than a decade earlier. As the number of road collisions increases, your risk of having an accident also increases.
Although the most recent 2020 NHTSA data indicates that the number of accidents was down overall, these figures coincide with a dramatic drop in car traffic during this year. As a statistical outlier, we removed it from our analysis.
Sources of RV damage
Traffic accidents pose a real risk to your motorhome, but they are not the only cause of damage. Here are some of the most common sources of RV damage:
- Leaky roof or windows: When you get a lot of miles on your RV, all that road vibration tends to shake some of the seams around your roof and loose windows. This can create spaces where moisture can enter, eventually leading to water damage.
- Flight: Although it is not common for RVs to be stolen, it does happen.
- Time: Tornadoes, floods, ice storms and other severe weather events can cause significant damage to a camper.
- Trees: Falling trees and branches pose a threat to recreational vehicles, especially when camping in heavily wooded areas.
- Fire: RV fires are one of the most common sources of damage to campers.
Note that, in most cases, a comprehensive RV insurance policy will cover these damages. They will not be covered by collision damage waiver.
Fire is one of the biggest risks for RV owners. According to data from Federal Emergency Management Agency (FEMA). During this period, these fires caused an annual average of 125 injuries and 15 deaths.
These fires were also expensive. Recreational vehicle fires accounted for an annual average of $60.3 million in property damage, or an average of $15,350 per fire.
Accidental fire damage to your motorhome will be covered by a typical comprehensive policy. However, if your RV catches fire and damages other property around it, you may need additional coverage, such as vacation liability, to cover that damage.