RV rental insurance policies provide liability, collision and comprehensive insurance coverage, notes Insure.com. They also offer coverage for losses incurred through theft, vandalism and natural disasters. A comprehensive RV rental policy should cover medical payments and personal injury costs. As of 2015, deductibles, or out-of-pocket expenses, on these policies range from $1,000 to $5,000.
Renters who already have an auto or homeowners insurance policy might be eligible for extended coverage towards their RV rental, notes Allstate. An existing auto insurance policy may offer liability, collision and comprehensive coverage for an RV rental. However, this coverage only applies to the RV rental when it is on the road.
If a renter has homeowners insurance, their personal property coverage is often extended to the RV rental, according to Allstate. These policies include coverage for damaged or stolen items inside the RV. However, most homeowners insurance policies have limits on property coverage for items outside the home.
Even if a renter has auto and homeowners insurance, it is still a good idea to purchase RV rental insurance, per Allstate. RV accidents usually generate far higher expenses than car accidents. RV rental insurance policies also offer coverage for hotel or rental car expenses incurred due to an accident or RV breakdown.