If you own an RV, you already know how much fun they can be. But there are many safety issues to contend with as well. For example, does RV insurance cover water damage?
Many RV owners wonder if the insurance covers water damage, and if so, what aspects of water damage are actually covered and what types of damage are excluded from coverage, or if it makes any difference from the insurance point of view how often you use your RV, or how old it is and what make.
If you are looking for answers to these questions and more, then read on – this article is for you!
So, does RV insurance cover water damage?
Yes it does, but there are some caveats:
Only the RV Comprehensive Coverage insurance option covers water damage and only under certain circumstances. This option protects your RV from damages not due to an accident, such as water damage, fire damage, storms,floods, hail, vandalism, theft, certain natural disasters.
Not all comprehensive policies guarantee that water damage is protected.
Water damage can happen in many ways, out of which some are not covered. Exclusions depends on your individual policy.
What RV insurance options are available?
The main coverage options are: liability, collision, uninsured motorist, comprehensive coverage, medical.
Type of Insurance
|Liability||Damage to other’s property, bodily injury to others, protection from lawsuits after an accident, claims from visitors|
|Collision||Accidents occurring with another vehicle or object|
|Uninsured motorist||Protects you in case of an accident with a person that does not have proper automobile insurance|
|Comprehensive||Covers repairs and replacements of any damage that is not the result of an accident.|
|Medical||Helps cover medical bills for you and your passengers, if your RV is involved in an accident, no matter who is at fault|
Why is water damage insurance important for a RV owner?
Besides collisions, water leaks are one of the most important causes of damage and loss of value for a RV. Typically a RV stays most of the time outside, being exposed to rain and snow. Sooner or later a water damage will happen. Checking for stains and water is important because it allows you to find the leak as soon as it happens and prevent more damage and higher repair costs. In case you do find a leak, you will definitely prefer to have the repair covered by the insurance.
The costs of such a water damage coverage depend on your specific risk of having such a damage. This in turn mainly depends on the time you spend in your RV, full-time or part-time, and the make, model and age of your RV.
Does Comprehensive insurance cover all types of water damage?
No, the comprehensive insurance does not cover all types of water damage. Specific circumstances that lead to water damage are taken in account and in some cases, the insurance will not pay for the damage. Several circumstances related to water damage are typically excluded from the coverage of the Comprehensive insurance.
Typical water damage exclusions are:
Damage originating from the manufacturer defects
Prior damage, particularly if your RV was purchased used
Usual wear and tear
Poor maintenance over the years, lack of routine maintenance as recommended by manufacturer
Repeated exposure to temperature extremes like excessive dampness, freezing, or heat
Build-up of snow and ice
Dry rot, corrosion, or rust
Typical circumstances when water damage is covered:
If a rainstorm sends a tree branch through your RV’s window and rain comes through the broken window, causing water damage, your RV should be covered by the comprehensive coverage policy.
Damage due to flooding – a natural disaster – is typically covered. Some insurance companies even consider a broken pipe as a flood, although in this case it is not a natural disaster. You will have to check first with the insurance company about what exactly is considered a flood.
What is a Full water coverage option“?
Most of the issues listed above under typical exclusions are related with ageing of the RV and lack of maintenance and are not included in the Comprehensive insurance for water damage.
However, if you feel you need coverage for these risks as well, the insurance companies may offer you a so called ,Full water coverage option“.
Is it worth getting a Full water coverage option“?
Getting a Full water coverage option is not an easy decision to take, specially due to the costs involved.
On the other hand, the price of repairing a water damage may also be quite high. Damage through water has serious consequences, no matter if it happens in a house or a RV.
Some of the typical consequences of water damage are:
Health issues: water generates mold and fungus, which are very bad for the health of those living in such an environment. Mold and fungus represents a great risk for your respiratory system and for your immunity.
Loss of value: eventually, it makes it difficult to re-sale your RV for a good price
Progressive, further damage: humidity and exposure to water bears a great risk of damaging the moving parts of the RV. Water leads to rust or rot and repair costs can quickly escalate out of control.
The price of a Full water coverage option varies from one insurance to another and depends on several factors:
age of the RV
how much time you spend in the RV: full-time living in RV vs. part-time
your driving experience
the number of claims you previously claimed
the state you are in
For whom does Full water damage coverage make sense?
You will definitely be better off having a Full water damage coverage if:
you live full-time in your RV
you plan to travel in regions with lots of rain or snow
you are driving an old RV
you are storing your RV outdoors
Ask your insurance about water damage coverage
Policies are very different, so it is not possible to estimate how much a Full water coverage option costs. The best thing to do is to directly ask your insurance company about their water damage coverage and their prices. Reading the policy down to the fine prints is very important, as it may save you from having to pay costly water damages from your own pocket.