RVs come in many different sizes and types, some with motors and some without. As a result, it may be difficult to determine if there are insurance requirements for RVs and if so, what the requirements are. Our Maschoff Insurance team understands that understanding insurance requirements is confusing. As a result, our Ankeny, IA team is committed to eliminating the confusion.
What is RV Insurance?
RV insurance is similar to auto insurance in that it includes liability, collision, and comprehensive coverage for motorized RVs. Motorized RVs must be covered by auto liability insurance. However, if you’re financing your RV, you’ll be required to carry full overage insurance until your RV is paid for in full. RVs are motorized homes on wheels. This is why, like cars, auto liability coverage is required to legally drive an RV on the streets and highways of Iowa. Motorized RVs are vehicles as well as cars.
My RV isn’t motorized. Do I need insurance?
No. You don’t have to carry RV insurance in the state of Iowa if your RV isn’t motorized. Insurance is optional for non-motorized RVs unless you are financing your RV. In that case, your lender may require you to carry full coverage insurance. Motorized RVs fall under the same laws as cars because they are motorized homes on wheels and use the same streets and highways that cars do. Instead, a non-motorized RV is covered by auto insurance that covers the car or cars used to pull or tow the RV.
If you have questions regarding insurance requirements for RVs, call us at Maschoff Insurance. We’d be happy to help you explore your options in Ankeny, IA and surrounding areas.