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Ep. 252: RV Insurance: Everything You Need to Know | Travel Camping RVlife fulltimeRV
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- Äas pĆidĂĄn 16. 08. 2024
- Throughout my entire professional life of nearly 35 years I've been in the insurance industry. In this week's Grand Adventure we'll discuss everything you need to know about RV insurance for weekenders and full-timers alike, including how to understand your insurance policy, RV insurance policies for weekend campers, how RV insurance policies for full-time RVers differ, and common fallacies and misconceptions about RV insurance.
Filmed: April 26, 2022
CHAPTERS
0:00 Intro
1:29 RV insurance for weekend campers
2:50 How to read an insurance policy
4:27 RV insurance for full-timers
6:38 Common misunderstandings and fallacies about RV insurance
8:07 Wrap-up
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We thought that we had full-time RVing insurance with State Farm. But after careful looking at our policy and talking to our agent we didn't. We ended up going with Progressive Insurance they explained every little thing in our policy. As full-time RVers we want to make sure that our home is covered. We don't want to find out when something goes wrong and end up in a lawsuit. I have seen people who are friends jump to conclusions and get insurance with a company and being told that they have full-time RVing insurance and they don't.
Thanks for that Sue and Jim! That exactly what we were trying to get across, and the explanation that we were trying to deliver. Without personal liability coverage full-timers without a homeowners or renters policy are assuming a substantial exposure and may not even realize it.
I have spent the last two weeks in my free time going back to watch all of your videos from the start, many for the first time. Of course, as expected, your productions have improved over time, but also so has your attitude, which was a little negative in the beginning. However, one thing is very clear throughout the series, you have a passion for sharing your love for camping, traveling, and exploring. And, I think my favorite part, other than learning where the best boondocking sports are, is your history lessons. Thanks so much. I will continue to watch, and maybe in a couple of years, when I can afford my own camper and start traveling cross country, we will cross paths.
I look forward to that, Carl! Thanks so much for your kind words. I honestly cringe going back and watching some of those early efforts. I was rather uncomfortable on camera, which really showed. I'd also like to hope that our production values improved as well. We appreciate having you along for the ride.
Insurance policies are a weird subject to tackle but a necessary one. In addition to the insurance policy, I would highly recommend roadside assistance policy. I had to use mine to get my RV unstuck twice and for flat tires.
Unlike insurance policies, however, those roadside assistance coverage aren't something that I feel qualified to address
Looking forward to this Mark, we just renewed our insurance so I am excited to see what we need to change to be covered for our weekend warrior camping.
Great information and a good reminder we should all read our insurance polices and truly know what we have. Thanks for great video.
Thank YOU Diane!
My wifeâs ear perked up whn u talked bout âoverweightâ, I clarified for u. Grace be with you
đ Same to you and your wife, Robert!
THANKS FOR TAKING ME TO SCHOOL ON THIS. OUR HOME IS ON THE MARKET AND WE ARE SETTING OUR SIGHTS ON BEING TRAVELERS, VAGABONDS AND GYPSIES.
Here's wishing you the best of success in the transition! Happy to help, and thanks for watching.
Thanks Marc... Very interesting subject... one that needs coverage.
Gord
That's what we figured, and with handling claims for nearly 35 years at least we're qualified to explain it.
@@GrandAdventure Indeed... I was an independent adjuster for a while over ten years ago. Should have gone with a company rather than independent. As an independent you really can't afford the liability insurance premiums. Which was my issue, as to why I left the industry.
Being licensed by the state but under the control of the insurance companies was not my thing.
I'm guessing your affiliated with, or work directly for, Progressive. I have friends, the wife of whom is an online coach trainer for Progressive in Bastrop, TX.
Gord
@@gorrdd I work directly for a tiny excess & surplus lines carrier, not Progressive or any company mentioned in tonight's episode.
@@GrandAdventure I'll be interested to hear what you share tonight. Thanks...
Gord
Great Information! Thanks for keeping it simple & explaining this subject!
Our pleasure Bernard, thanks so much for watching!
Thank you so much for sharing! We were surprised the Foremost wasnât mentioned, several of our full time rv friends have it. Thanks again!
Actually Foremost doesn't offer full-time coverage including personal liability, at least in Utah. I know, I used to work for Farmers, their parent.
Mark, if you do any type of business make sure you have commercial coverage. CZcams channel that has been monitized, sale beads ect. You need commercial. Also don't aussome just because you have insurance on your tow vehicle your trailer is covered. It costs us $4000 loss on a flat bed trailer. The covered the truck and denied the coverage of the trailer. It's a separate rider.
Safe travels and roads Brian and Cindy, "xtreambydesign with passion"
Brian, I certainly agree about not assuming coverage for the trailer just because you have coverage on the truck. A trailer needs to be scheduled and appropriate first-party coverages purchased for it. However, I've not seen anything in the ISO forms that excludes coverage if you're engaged in a side business while traveling. If you have a policy provision that you're relying upon I'd love to see it.
Thanks for the info Mark! We were fortunate to have a good agent when we went full time who was able to help us understand the things you highlighted. Love your honest, straightforward approach!!
Thanks so much! An agent like that is one to keep around.
Really good overview of a seldom covered, and often overlooked, topic!
Thanks Steve! Honestly I'm not sure why we never thought of it before.
Thank you very much! Very helpful.
Happy to hear that Michael, thank you for watching.
Marc, you just made RV insurance interesting! Another Great video. I love the T Shirt tooâŠno matter what the snowboarders think. Enjoy!
Thanks so much D!
you offer to answer any questions we may have. In my case, I don't know what I don't know. I have however learned some of what I need to know from this video. Thanks.
Wonderful Bob! Glad that we could help.
One of the best videos I've ever seen. Marc, your time to make these videos and to tell things in a clear and straight forward manner is appreciated. Can't wait to see what adventures await you this year.
Thanks so much Alan! We can't wait to bring them to you. Hittin' the road this weekend for nearly 8 months.
Hello Marc!! This is a great topic! Thank you for the explanations!
Safe travels!
Our pleasure, Alan. Thanks for watching, and safe travels to both of you as well in that new trailer!
A great presentation, super info. Thanks
Glad it was helpful Mike, thank you!
Thanks.
I have our rv , autos, and home, covered by Electric Ins. Co. which is a part of General Electric, my previous employer. I didn't realize that they rewrite the policy with another company. That would explain the slight difficulty in communications with them on purchasing our new travel trailer. The person representing my insurance didn't seem to know a lot about getting info about our new RV. Even our rv salesman had a hard time talking to them. It worked out ok, but I might check into the main companies that you mentioned.
If you're a full timer your options are limited, as explained in the video. However, as it sounds like you're a weekender (you mention that your home is insured through Electric) there are many, many options out there. Prior to going full time we just put it with Foremost, our auto carrier (a subsidiary of Farmers).
Okay.
I finally read our coverage.
đ
Fortunately, as far as insurance coverage goes, we are âweekendersâ.
Thanks for putting this out.
Ram
đđŒđđœ
Thanks as always for watching!
Mark,
My insurance policy clearly states that my insurance will not cover any claim if I am breaking the law. So, if I decide to speed and get in an accident they will not cover me. This was a change that occurred at least a decade ago on my policies. I have no accidents or speeding tickets on my record, no teenagers and both my husband and I are 50+ years old.
Ann, I mean no disrespect by this, but that's simply untrue. Think about it for a moment; 48 states require mandatory liability coverage. That would mean that the majority of people driving down the road are doing so without meeting the state's mandatory minimum financial responsibility laws. I'd love to see the exclusion that you're relying upon to draw that conclusion.
Great âcoverageâ - insurance joke đ Thanks for explaining the difference between towable and power RVs insurance.
Yes. There is a difference between full and part time insurance. We are full time insurance. Oh woah- didnât know the number of camping nights makes a difference.
We have Progressive.
Yes. Being overweight can impact liability and negligence.
Can you explain how to make sure your property inside your RV is covered when you are a full timer?
Thanks đ€
Thanks as always! Just make sure you have adequate personal contents coverage, which will vary if you have replacement cost or actual cash value. Then video *everything* and upload a copy of that video to the cloud to prove ownership and to help you create an inventory in case of a total loss
Fantastic video Marc. Thanks very much. Be safe in your upcoming travels.
Thank you as always, and same to you!
Need to go stay up in driggs and do the deeps at targhee. My fav place. I'm 63 and don't get up skiing much these days but it's da bomb
Yes you do Victoria! They've got that new six-pack chair up Peaked Mountain this season, too.
It's a very useful video among all others. Thank you!
Thank you Jason!
Great video Thank you
Morganne Leigh
Hey Marc! Missed the premier tonight but just got a chance to watch. Thanks so much for covering this topic. Can you help me identify the top RV insurance companies for those of us that are weekend users? I'm shopping around right now for a good company to cover a new Class C motorhome. Thanks!
Honestly, weekenders have a nearly limitless list to choose from. If you're happy with your auto insurer I'd start there. Thanks so much as always!
I was hoping to get info about DIY RV builds and how to insure those vehicles. Still, this was an informative and well-produced video, as usual.
Glad it was helpful, thank you! You raise an interesting question, and one that we've never explored ourselves.
Wow. That was great information. Thanks Don
Thank YOU Don!
Great content. Thank you for your expertise!! Take care.
Thank you as always!
I want one of those shirts!!!!đ
Would love to get information on good health insurance policies for full-time RVing. Does anyone have any helpful insights into health insurance coverage they would like to share?
Hopefully someone else can, Carmen, for health insurance is something we know little about.
Thank you Sir. Great video
Sure thing, thank you Vinny!
Thanks for the great video!
And thank you for watching, Eric!
Thank you!
Our pleasure, Gail. Thank you very much for watching.
Gosh, you had me sweating bullets for a minute, âif you are overweightââŠ..I thought you, my wife, and the insurance company was going to require me to be on a crash diet! Hmmmmm⊠well, probably a good idea anyway!
đ
This is such a great idea for a video from someone with your experience. Weâve heard that if you have a CZcams channel and have stickers or something that advertises that channel, you must have commercial insurance or you may be denied in a claim. Is this true? I did ask the agent when we got the policy with Progressive, but I havenât read the policy. Appreciate the information.
Thanks you two! No, you can't be denied just because you have a channel. That's another fallacy, but I encourage you to verify by reading your policy exclusions.
@@GrandAdventure awesome. Thank you.
Thanks for the info!
Our pleasure Larry, thanks for watching!
Very informative video. I am using a domicile state so the insurance company has no state to base their ratings on. Because I am a full time RV'r. How get around not having a sticks home as an RV'r. Is there an insurance company that's better than another and how do I explain this?
Are you not able to use your domicile address as an insuring address?
@fbatus What type of insurance would be needed if you have live fullltime, but at the same site all year. If moved it will be moved by a towing company.
I'd still recommend a full-timer policy. That way you have the liability coverage in case someone gets hurt at your site and blames you for it. And you also have property coverage in case of fire, theft, vandalism, lightning, etc. Also the property damage coverage could come in handy even while you're being towed, for many of those companies lack proper coverage.
Hello Morganna, thank you for your video, Iâm buying two RVs, one Iâll be living in it for few months, until I find a home, maybe 5 month.. the other one I intend to rent, after I find a home, Iâll rent both.. I need a insurance for living âandâ in my case: renting business RVs. How it work?
Has that kind of insurance?, or the renter need to have their own insurance.. or Iâll have to have an insurance every time it will be renti?? Please explain me..
How can you reach me?
Thank you
Honestly, we've never considered renting the RV, so we've never looked into that. But I'd think you'd be looking for a Commercial Liability policy for your business, with first-party coverage for your RVs added.
There is a gap you didn't address. A small handful of full-time RVers put some kind of business logo (think: RV Channel logo) on their RV and/or tow vehicle. An astute adjuster will claim that makes it a commercial vehicle, and that commercial vehicles are excluded.
A commercial vehicle is subject to DOT regulations, a commercial registration and carries a federal Motor Carrier number. Putting a CZcams logo on a motor vehicle doesn't make it a commercial vehicle.
@@GrandAdventure I just checked the rules in Minnesota (my current home state) and the state's guidelines state (quoted word for word from here on down...note the part about sponsorship...does that apply to you???):
DO THE COMMERCIAL VEHICLE REGULATIONS APPLY TO YOU?
1. Do you declare prize money as income for a business for tax purposes?
2. Are the costs for the underlying activities deducted as a business expense for tax purposes?
*3. Do you accept products and / or money for advertising a sponsor?*
4. Is the transport vehicle being used in the furtherance of a commercial operation?
If you answered âYESâ to either question 1, 2, 3 or 4, continue to question 5. If you answered âNOâ to ALL questions (1-4), STOP HERE, you are not in the furtherance of a commercial operation.
5. Is the âgross vehicle weightâ of the single vehicle or combination (truck and trailer) greater than 10,000 lbs?
YES - You must follow the appropriate regulations for the location(s) you travel in. i.e. interstate or intrastate
NO - STOP HERE! You are not subject to the commercial vehicle regulations.
@@RV_with_Noni_and_Beard interesting.
I just called GEICO - they've stopped issuing policies on "high-value" rigs - couldn't get a number out of the guy, but I was trying to get a quote on a 2021 Tiffin Allegro RED 33AA - so I guess we're down to three issuers for that level?
Sounds like it. FWIW I wasn't pleased with the liability limits they offered us, either.
What is the best company in you're estimation for insurance that covers the trailer for repair or replacement If you have a lot invested in solar and many upgrades in the event of collision, weather or fire damage? Also, what about contents of the trailer? Thanks! great video!
Contents are a separate coverage, and you can choose your preferred amount and whether it covers on a replacement cost or actual cash value basis - just like personal property coverage on a homeowners policy. All companies are going to evaluate the RV's value similarly in the event of a total loss; however, if you're concerned about that valuation due to upgrades, etc. you could opt for a stated value policy, which would eliminate that pre-loss ambiguity.
@@GrandAdventure I appreciate that info! Thank you!
What RV insurance provider would you recommend? I have a 2017 highland Ridge open range light travel trailer 35â. I have been using National General which is coming up for renewal in August. Iâm not full time.
Russell, if you're not full-time you have a multitude more options than we full-timers do, and all offer similar coverages. I'd stick with one of the majors for their quality of claims service in the unfortunate event that you need it.
What I cannot find about is tow vehicle and garaging address for those with nomad lifestyle. Can you be denied a claim on your tow vehcile because you are away to long from your garaging address. Say you spend a travelling across US. Your rate on your tow vehicle is based on you garaging address but you are actually other possibly risker areas for long times. Thanks.
No. If I may humbly suggest reading your policy contract start to finish, you'll find that there is no such exclusion in a standard ISO policy.
Policy contracts are nearly always laid out in the following format:
* Declarations (shows the available coverages and limits)
* Insuring agreement
* Conditions
* Exclusions
* Endorsements
Hey Marc. How do most policies address hobby or profit businesses run out of an RV? Like CZcams channels, etc.? Was always curious about that! Thanks! G
Greg, I've never seen a provision in the ISO forms that would preclude coverage on that basis.
Thanks Mark, a lot to think about! >Merton
Thank you!
I have a 37ft 1997 DiscoveryFleetwood diesel pusher. If I sell it to a fulltimer Rv who will be living in it not driving it, will I need to cover insurance or will the person living in it who's making payments to me be responsible for carrying the coverage?
You would need to specify their requirement to insure it as part of their finance contract with you, much the same way that a bank makes it a requirement in their finance contract on a new vehicle purchase.
Hello, can you please elaborate on what you said about 'Good Sam re-selling the National General insurance'? Is that a negative thing? As a new full timer, I just recently signed up through Good Sam-National General. Am I paying more because I went through Good Sam? Also are they known to be a good company that will take care of us? New to your videos. Thank you, Brenda
There's no negative about Good Sam being a reseller, Brenda, but there's a definite negative about them reselling National General. Honestly, based on my experience working with their claims department I wouldn't touch them with a 10-foot pole. Sorry to have to share that and I really didn't want to go negative in the video, but none of my experiences with them have been good.
We have AAA car and trailer insurance. You did not mention them is there a reason?
Mary, we only mentioned the carriers that we know offer full-time coverage that marries first-party RV coverage with third-party liability. If AAA offers that we're unaware.
Hey Mark I really appreciate your videos. If you are a full timer does it matter what you disclose for your address. Ie: is it better to say your home base is South Dakota than Florida. Does this result in savings on insurance?
Thanks Tom! What's considered to be your garaging location can indeed affect premiums. It can of course also have income tax ramifications.
Great video and great information! I've had a few people tell me to not tell the insurance company that we're full-time RVrs that they wouldn't cover us. Have you heard this? Is there any truth to this?
There is truth to that, William. If you have a normal RV policy they'll cancel your policy if they discover you're full-time, and they could deny a claim based on material misrepresentation at the time of application. Worse than that, though, if you no longer have a homeowner's or renter's policy somewhere you no longer have personal liability coverage in the event that you're negligent resulting in someone's property damage or bodily injury in an event unrelated to the ownership, maintenance or use of the RV. You'll really want to look into switching to a full-timer policy.
@@GrandAdventure So, do the 4 companies you listed in the video offer specifically full timer policies?
@@williamsampler3474 yes they do. In my experience GEICO didn't offer me sufficient liability limits for my comfort, and I wouldn't touch National General with a 10-foot pole. I never did look into National Interstate as I didn't realize at the time that they write full-timer policies, but Progressive gave me good coverages for a good price. We went with them ourselves.
Question: I have a mobile trailer which is full time stationary and insured for a value (Depreciated) of $ 10,000. with a deductible of 500$. Now this having been said: Should I have a TOTAL loss, would the insurer pay me 9,500. or the amount I was insured for and paid for which is 10,000. ?
With stated value policies typically the deducible comes off the started value, so $9500. However the language of your policy will explain your exact loss settlement provisions.
Mark, went on your Amazon store and could not find a mopeka tank sensor. Are you not recommending them now?
Dave, we most certainly still recommend them wholeheartedly. Not sure how they disappeared from the store but we've added them back to the RV Accessories category. Here's a direct link: amzn.to/3LKG6oo . Thanks for letting us know!
What about truck campers? In AZ, the truck camper is considered as cargo and does not require a separate license plate. Should it have a separate policy?
Just for first-party coverages to protect you in case of loss. It's possible that you can add it on to your truck's policy with some carriers.
Hi Mark, two quick questions⊠first, what are your thoughts on GEICO? (I have had them for 30 years. They have been good for auto, but I have never had an RV claim.) Second, next year I plan to snowbird. It could put me close to the 150 day mark you mentioned. Should I bring this up to GEICO before I leave?
GEICO is a solid company. In the event of a loss you can expect their claims department to handle the claim efficiently. I'd consult your agent about your snowbirding plans to make sure, as GEICO is one of the carriers to offer full-time options.
Mark, we are just getting ready to retire at 60. Got any recommendations for domicile vs insurance. We are planning to be full time in our motor home. Currently living in Wisconsin. Thank You!
Congrats on that early retirement, Michael! Because we're both still working and employed by a Utah company, and therefore wouldn't gain anything tax wise by moving domicile, we honestly haven't dug too deeply into domicile advantages.
So if you're a snowbird and you spend the summer in Florida and the rest of the time in ohio, what do you recommend for insurance?
Thanks
You would have to obtain insurance based on your domicile in Ohio.
I don't have anything in Ohio I stay with my family there.
@@noralynn3568 Which state issues your driver's license and registration?
Florida đïž
@@noralynn3568 OK then, that's where you'd have to purchase.
Can you be denied coverage if you do not have the proper driver's licence (class A DL)??
Depends on the state you are domiciled in. If you live in Nevada, Texas and you have say airbrakes, and weight length requires you to have a Non Commercial CDL you need to have it. Your insurance company is required to pay the claim, however if your not properly licensed expect them to cancel after the claim or restrict you as the driver.
Charles, I agree with Brian. There's no provision in the ISO policy to deny a claim on that basis; however, I'd expect cancellation, non-renewal or restricted driver following the claim.
@@brianroth7852 thanks very much for the explanation.
@@GrandAdventure Thank You for the response.
Is there a full-time RV policy that covers Fire and or water damage?
Both are typically covered by any first-party RV coverage (both full-time and weekender), but consult your particular policy's language to confirm.
Insurance is another way to keep people homeless. It's personal property, you should not need insurance or a driver's license.
No one requires property insurance, other than a lienholder to protect their interest. It's liability insurance that's mandatory, designed to protect others from your own stupidity as a matter of public policy. You can opt to self-insure, but most individuals don't have an extra million or two to put in escrow.
This guy is an apologist for the insurance companies.
Some other CZcamsrs delete moronic comments. We're all about leaving them up for the world to enjoy.
Well, he is an Insurance salesman by day, so... đ
@@EddieAtLarge hey hey hey, I've never sold insurance in my life. I'm the guy who defends you against the schmucks who sue you.
@@GrandAdventure Thank you for what you do Marc! Wondering if it is interesting to sift through the language set in place by the ISO and decifer it and apply to each case as it comes to you? Or it might be a headache as well. I have not any frame of reference so I don't know.
So looking forward to your summer travels! I follow along on maps and sometimes the Atlas. You give such great info wherever you land each week.
@@johnpurdum8126 thanks John! Honestly if I applied it to every case I handle, it would be a nightmare. I've got about 170 cases at any one time, one or two new ones a day. Besides, that would also negatively impact the confidentiality I need to maintain. That said, I'm always happy to handle questions.