RV Insurance

The state of Virginia does not require that you have RV insurance. However, if your RV is financed, the lender for a loan on an RV will require you to have insurance to protect their investment until you pay it off. It's still good to have insurance after your RV is paid off because it is a very sizable purchase you want to protect.

What Does RV Insurance Cover?

RV insurance covers excessive out-of-pocket expenses if your RV is damaged or totaled by another driver or if you are at fault for an accident. Uninsured and underinsured motorists will pay for your losses if another driver is at fault for an accident with you and has either no insurance or not enough insurance to cover your losses and expenses.

If you are at fault for an accident, your insurance company will pay for damages to the other party's assets up to the limit of your policy.

Your RV policy can also cover towing if your RV is not operable while you are on the road. In many cases, you can also get a rental vehicle if you can't drive your RV because of damage or if it isn't operable for any reason.

RV policies can also cover your property if it is stolen, or any other damage occurs due to storms, hail, or high winds with the comprehensive portion of an insurance policy.

You can also choose to have the full replacement value for your RV if it is totaled in an accident or by natural weather causes.

What is the Minimum Liability Coverage in Virginia?

The minimum liability insurance coverage for vehicles in Virginia is expressed as 25/50/20, where $25,000 is for bodily injuries per person and uninsured and underinsured insurance. The minimum for bodily injuries for one accident is $50,000, and the uninsured and underinsured motorist coverage per accident. The minimum for property damage liability insurance is $20,000 and underinsured and uninsured motorist property damage per accident.

These details of RV insurance can be confusing, but at Teagle Insurance Agency Inc., we are here to help you. You can give us a call or come by the office to learn more about RV insurance.