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About RV Insurance Differences
Understanding the differences in RV insurance can be stressful, especially if you are in the market to buy a towable or motorized RV and want to be sure you have the right coverage when using either type in Rio Rancho, NM. For clear explanations about the differences between towable and motorized, contact us at Franklin Insurance Agency.
About Non-Motorized Insurance
There are a variety of towable RV types. These include:
- Fifth Wheels
- Pop-Up Campers
- Teardrop Trailers
- Toy Haulers
- Travel Trailers
- Truck Campers
Because a towable RV is not motorized and cannot operate on public highways, a separate policy is not required by the state. Instead, the insurance policy of the vehicle used to hitch and tow is responsible for coverage.
It is recommended that you carry insurance for the towable that will replace or repair the towable if it is involved in an accident resulting in damages, if it is stolen, or if it experiences damages due to severe weather.
If your towable is being leased, or it is financed by a lender, you will most likely need to have comprehensive and collision coverage.
About Motorized RV Insurance
There are three types of motorized RVs. These include:
- Class A
- Class B
- Class C
In New Mexico, Class A, B, and C RVs are required to carry liability insurance. This is because these types of motorized RVs have access to public streets and highways. And like any other motorized vehicle (car, SUV, truck), the state requires that owners have insurance. The state requires a minimum of liability to cover death or bodily injury due to an accident per person, death or bodily injury caused accidentally, and coverage per accident for property damage.
Contact Our Team
Franklin Insurance Agency is ready to get your insurance policy in place so that you can enjoy Rio Rancho, NM, and its many points of interest scenery, weekend getaways, and short or long-term vacations.