RV Insurance Terms made Easy

Buying RV insurance can seem daunting when you don't know what the terms mean. Here's a list of the basic terms to get you started.

• Liability Coverage – Protects your assets in case you cause injury to others or damage to the property of others with your vehicle. These monies pay towards expenses involved, or toward the costs involved in a lawsuit. There are two types of liability coverage – bodily injury, and property damage.
• Bodily Injury Liability – Protects you if you are determined to be responsible for an accident in which someone is injured or a fatality occurs. This liability coverage takes care of medical expenses, lost wages, pain and suffering. These damages could run into the hundreds of thousands of dollars. If you don't have enough insurance coverage, your assets (your home, bank accounts) are at risk in case of a lawsuit.
• Property Damage Liability – Covers the damage your vehicle causes to someone else's property, including their vehicle, a storefront, fence or other structures. Again, if you are found at fault for causing the damage, you are responsible financially. Without sufficient RV insurance coverage, your bank account and other assets are at risk.
• Collision Coverage – Pays for damage to your vehicle that is caused from a collision or vehicle rollover.
• Comprehensive Coverage – Pays for damage to your vehicle caused by something other than a collision, such as theft, vandalism, fire, flood and hail.
• Medical Payments Coverage – Covers the cost of doctors, hospitals and funeral expenses for you and/or your passengers which result from an accident, regardless of who is at fault. It also covers you when you drive another person's vehicle (with permission) or if you or your family is struck by another vehicle as pedestrians.
• Personal Injury Protection – Pays for medical care, lost wages and replacement services for the injured party. It pays regardless of who is at fault in an accident. The availability of Personal Injury Protection varies by state.
• Uninsured Motorist Protection – Pays the cost of damages and injuries resulting from being hit by an uninsured or hit-and-run driver. Both you and your passengers are covered for medical expenses, lost wages and other injury-related losses.
• Underinsured Motorist Protection – Pays for damages that exceed the amount of coverage carried by a driver with insufficient coverage to cover your damages.