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RV renter insurance is a fact of life. If you want to rent out your motorhome or travel trailer, you’ll need RV rental insurance for RV owners. Think about it like this—no one loans out their equipment without certain assurances.
That assurance may be nothing more than friendship or comfort in the knowledge that the person will return the item just as they took it. RV rental insurance for RV owners gives you that peace of mind and protection if something happens while your rig is rented out. After all, your RV is relatively expensive, and most standard RV insurance policies don’t have rental coverage.
When you rent out your RV, someone you don’t know will completely control your baby. Knowledge, however, is power. Peer-to-peer RV rental companies allow you to get to know who’s renting your rig before you hand them the keys, but there’s always that unforeseen chance something could happen.
Whether you’re new to RV renting or have been doing it for a while, come with us as we explore why you need RV rental insurance for RV owners.
Do You Need Rental Insurance to Rent Out Your RV to People?
First of all, you need RV rental insurance for RV owners to rent out your RV to people because it will be out of your hands for a specific period. Second, regular RV insurance policies usually don’t cover the RV or the occupants when it’s rented out. The only solution is RV renter insurance.
For the most part, you’ll recoup your premium by including it in the cost of the rental. RV renter insurance starts the moment the RV is in the possession of the renter and ends when it’s returned.
Will Your Standard RV Insurance Cover You if You Rent Out Your Rig?
In most cases, standard RV insurance coverage won’t cover you if you rent out your rig. Even if your regular RV insurance covers some things, it won’t be anywhere near what’s necessary. Fortunately, renter insurance isn’t overly complex, and it’s not so expensive to render rental profits extraneous.
Depending on what company you rent through, the rental insurance service is a part of the entire package, which makes things a lot easier for you.
What Kind of Insurance Do RV Owners Need to Rent Out Their RV?
Roamly is an excellent option if you want to keep things simple. They offer…
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