RVs offer a great option for vacationers to maintain social distance while traveling and play double duty as a transportation and accommodation vehicle. But RVs can be expensive and protecting your investment with the right insurance is critical. When insuring an RV, pay close attention to liability coverage. Generally, only an RV insurance policy will cover liability for a motorhome. You may want to consider an umbrella policy if you have a large nest egg to protect.

When it comes to accidents, actual cash value is the standard, which will pay up to what the RV was worth at the time of the accident. You may also consider additional coverage that applies for a hotel stay if the RV needs repairs and you are unable to be in it. At Nationwide, a standard policy runs about $100 per year for a pop-up camper and more than $1500 per year for a luxury motorhome.

The good news is that the contents inside an RV are generally protected under a Homeowners or Renters insurance policy at lower limits 😊. Of course, the cost of insurance varies. You need an agent that is familiar with RV insurance and can customize your RV coverage with the best options for you and your family.