There are a wide variety of recreational vehicles. Some are motorized; some aren’t. However, only motorized RVs require insurance because they are actually houses on wheels. Motorized RVs are similar to cars because they can be driven on streets and highways. All states require motorized vehicles to carry liability insurance. Greater Tulsa Insurance Inc. is dedicated to helping Tulsa, OK RV owners get the insurance coverage they need.
What is RV Insurance?
RV insurance is designed to protect your RV, other drivers, and you in the event of an accident or wreck, just like conventional auto insurance. However, RV insurance, like car insurance, has different coverage levels. Liability coverage will only cover damage to other people’s property, vehicles, and injuries if you cause physical harm or damage during a wreck. Motor home insurance is similar to auto insurance in that state laws require motor homeowners to carry liability insurance. This coverage pays for accidents that you are responsible for causing or deemed at fault. However, it’s possible that you may be required to carry more than liability coverage if you are financing your RV. Lenders usually require more than liability coverage until your loan is paid in full.
I only drive my RV once a year. Do I need insurance?
Yes. If you own a motorized RV or motor home, you’re legally required to carry liability insurance. However, you may have to carry more if you finance your RV. This requirement is usually part of a loan agreement, not a state requirement. Auto liability coverage is a state requirement, however. If you have more questions about RV insurance, we’d be happy to answer them. Call us at Greater Tulsa Insurance Inc. in Tulsa, OK.