Wrong trailer rental insurance leaves you exposed (2023)

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Are you thinking of renting your RV or caravan through a peer to peer rental service to earn extra money? That's a great idea! However, make sure you understand exactly what type of trailer rental insurance you need to protect yourself and avoid additional charges.

In this article we cover everything to do with RV rental insurance. You will learn what type of insurance you need as a landlord and what insurance a tenant should have.

We also look at what to look for in RV insurance and a point-to-point RV rental platform.

Without further ado, let's get into it.

What is RV Rental Insurance?

Wrong trailer rental insurance leaves you exposed (1)

Trailer rental insurance is a special type of trailer insurance that protects and protects your trailer during your rental. This type of trailer insurance differs from your personal insurance policy and covers things that your regular insurance policy does not cover.

As an owner renting out your trailer, you need two types of trailer insurance:

  • You need traditional RV insurance that covers you and your RV
  • You will also need RV insurance that will cover your RV during the rental period.

Most traditional motorhome insurance policies do not have rental protection. If this is the case, they can reject your claim or charge you an additional fee if something happens during your rental period.

However, companies like Roamly want to change that.

In addition to your need for two types of RV insurance, your renter must also purchase an insurance package for the duration of the reservation. This is known as RV liability insurance. This type of insurance is usually offered through large point-to-point RV rental companies.

The 3 types of RV insurance we are talking about

To keep it simple, we are talking about 3 different motorhome insurances:

1. Traditional RV insurance

Traditional RV insurance is the policy you need to have when using your RV. These insurances cover you, your family and your trailer on the road and at your campsite. This policy covers the motorhome in all non-rental situations.

2. Trailer rental insurance for trailer owners

Such a policy protects you and your trailer if someone else uses your bus during the rental period. Motorhome insurances likeexpansiveOffer such coverage through Outdoorsy. Other point-to-point RV rental companies have similar partnerships with RV rental companies.

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3. Trailer rental liability insurance for renters

When someone rents their RV through a peer-to-peer RV rental service, they must purchase RV Rental Insurance to protect themselves, their family, and property during the rental period.

The wrong trailer rental insurance leaves you unprotected

As mentioned, most traditional RV insurance policies will not cover you when you rent your RV. make an insurance claim.

On the other hand, there are some RV insurance policies that allow you to rent your RV.

However, with the few that do, you'll probably need to let the company know every time you rent. In some cases, as the motorhome owner, you will have to pay an additional daily fee when renting your motorhome.

The best way to avoid a situation like this is to inquire about trailer rental insurance coverageexpansive.

Roamly Motorhome Rental Insurance for Owners

Wrong trailer rental insurance leaves you exposed (2)

Roamly has a dedicated campervan insurance that makes renting your campervan hassle-free. You don't have to tell them when you rent your trailer. You don't have to pay an additional daily fee for it either.

If you decide to switch to a specialty RV rental insurance like the ones offered by Roamly, you don't have to maintain your traditional insurance policy either.

What is motorhome rental liability insurance?

Wrong trailer rental insurance leaves you exposed (3)

Liability insurance is motorhome rental insurance taken out by the renter of the motorhome. As mentioned above, RVs that can be rented from peer-to-peer rental services like Outdoorsy require two types of insurance; Policies that cover you outside of the rental period and insurance that covers the motorhome during the rental period.

Insurance covering the motorhome during the rental period must be taken out and borne by the third party renter. Outdoorsy offers renters various insurance coverages during the rental period through its insurance partner Assurant.

while yourstravel insuranceCovering your trailer and property, the trailer renter must also take out liability insurance through Assurant to cover himself and his property during the rental period should anything happen.

The best part is that Outdoorsy offers all of this through the website platform. Instead of the owner or renter having to search for it, everything is offered in one place.

Does car insurance cover RV renters for the duration of the rental?

Wrong trailer rental insurance leaves you exposed (4)

In most cases, the RV renter's car insurance does not cover this during the rental period of the RV.

And for you as an owner, regular RV insurance or regular car insurance won't cover you if you decide to lease your RV. AccordinglyProgressive, while renting an RV is covered by the renter's car insurance, it does not provide protection for the following:

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  • Vehicles with more than four wheels.
  • Extended leases, i.e. anything longer than 30 days.
  • Coverage of the total value of the rented mobile home.
  • Non-car related incidents such as septic tank problems, RV system failure, RV fires, etc.

Renters cannot and should not rely on car insurance to cover the rental period.

For this reason, we recommend renting your RV from a company like Outdoorsy, who offer a range of additional insurance packages for renters through their insurance partner Assurant.

Types of RV liability insurance offered by Outdoorsy through Assurant

outsideoffers three different Assurant RV Rental Insurance packages. In partnership with Outdoorsy, Assurant sets the standard for RV rental insurance and offers some of the best rental insurance in the country. Here are the package breakdowns.

RoofEssentialPreferredpeace of mind
Responsibilityminimum conditionminimum condition$1 million liability
Comp. & CollisionUp to $1 millionUp to $1 millionUp to $1 million
AdditionallyWindshield repairWindshield repair, concierge service, mobile mechanic, RV technical hotlineConcierge service, mobile mechanic, windshield repair, accident stop, RV hotline
Franchise1.500 $1.000 $500 $

But Outdoorsy doesn't stop there.

They also offer internal damage protection, an optional travel reimbursement package for emergencies or accidents, and more.

How much does trailer rental insurance cost?

If you're looking for motorhome insurance to rent your motorhome with, we recommend getting a custom quote from Roamly.Unlike other RV insurance, Roamly doesn't leave you alone when renting your RV.

Also, you don't have to notify them every time your trailer is rented and you never have to pay an extra daily fee during your rental period.

On average, RV owners save 25% compared to their traditional RV insurers when using Roamly. This insurance company was created by RVs for RVs.

With a program like Roamly, you only pay for the insurance you need. They have commercial policies, full-time RV policies, weekend warrior coverage, and more.

VR types and applications are very different. While we can't give you an exact price range, we can say that most people really save when they switch to Roamly.

The number of coverages to look for in RV insurance

Wrong trailer rental insurance leaves you exposed (5)

Whether you live in it full-time or not, an RV is a house on wheels. As such, an RV needs almost the same protection as car insurance, but it also needs the protection you would typically find in a homeowners insurance policy. .

Here are the main types of RV insurance, including their coverage.

1. Liability, Personal Injury and Property Damage

You must have minimum statutory liability insurance for any vehicle you drive. Third party liability is the most basic type of insurance and protects the other person if you are at fault in an accident.

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Liability insurance for personal injury and property helps pay for medical bills and repairs for property damage you cause to someone else. In other words, it covers the other person, not you or your follower.

2. Comprehensive and collision

Some states have minimum amounts, while others allow this as optional coverage. Comprehensive insurance covers damage caused by things other than a traffic accident. This includes storm damage, vandalism, theft, etc.

Collision covers damage while driving. It doesn't have to be a collision with another vehicle, it can cover you if you hit an object, fence, median, etc. When renting your trailer, having this type of coverage may be a minimum requirement.

3. Coverage for uninsured/underinsured motorists

What happens if you are involved in an accident with someone who is at fault but does not have insurance? If you're injured or suffer property damage from an uninsured or underinsured driver, you pay the bill.

That is, if you don't have that type of coverage. This coverage will help pay for repairs to your trailer, injury to you or passengers in this type of situation. This type of cover also protects you against hit and run.

Brief information about the RVBlogger:Did you know that 1 in 3 people in Florida drive without insurance?

4: Content coverage or personal property coverage

Because a trailer is a house on wheels, chances are you'll have some very expensive personal items with you when you're in it. Things like cameras, cell phones, computers, televisions, clothes, shoes and kitchen utensils are very expensive.

And these are all items that can be damaged or destroyed in an RV accident, severe storm, or other disaster. Similar to an owners policy, home or personal property insurance is a valuable addition to your RV insurance.

This type of coverage reimburses you for personal belongings that have been damaged or destroyed as a result of an accident or disaster.

3 ways to choose an RV rental company to rent your RV

Making extra money by renting your trailer through a peer-to-peer rental service is an amazing way to turn a declining asset into a money-making machine. So what should you look for in a point-to-point trailer rental?

1. Insurance Options for RV Renters

One of the most important things to consider when looking for an RV rental company is the type of insurance they offer renters.

2. Owner Resources

A great RV rental platform will do whatever it takes to provide homeowners with the right resources to help them succeed. Resources can come in the form of education, community, and more.

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A good way to find out what proprietary features a service offers is to find them on their website. It's often not hidden, just scroll down to the bottom of the page and look for a link that says "Owner".

Pay close attention to how RV rental features make your RV or trailer stand out from the crowd. After checking them out, read the tips and guides they offer. Is there real help and support?

3. Fees

To make as much money as possible, make sure you are aware of the types of fees the platform charges owners before you even sign up. With most point-to-point RV rental services, listing your RV for rent is free. However, for each booking you pay a certain percentage (through deductions) of the subtotal as a service fee.

Our best choice for renting your trailer

Wrong trailer rental insurance leaves you exposed (6)

We recommend Outdoorsy for your RV rental for a number of reasons.For one, Outdoorsy works with Roamly, so renting your motorhome with Roamly as the insurance company works perfectly.

Additionally, Outdoorsy has a huge active community of owners on Facebook that you can connect with and access the combined wealth of knowledge. It's like an RV rental company.

In addition, Outdoorsy offers RV renters many different types of supplemental insurance through Assurant, roadside assistance, and more.

The importance of RV insurance when planning to lease your RV

There isn't much information on the internet on the details of RV insurance requirements for homeowners looking to rent their RVs through peer-to-peer rental companies.

If you don't read the fine print on your insurance policy, you may never know that you could be denied a claim when renting your RV. This can leave you stuck with a huge bill to repair your trailer that you may not be able to cover on your own.

As an owner considering renting your trailer through a peer-to-peer service, always read the fine print. Your best bet is to hire an RV insurance company that will take care of all your needs, including renting your RV, like Roamly.

Related reading:

The ultimate guide to renting an RV

The 10 best tips for motorhome newcomers

The 4 best trailer rental companies

21 important tips for first-time motorhome renters

Does insurance cover RV windshield replacement?

About the author

Carrie Wilder is a part-time van lifer, full-time nomadic lifestyle enthusiast, and advertising and SEO manager atRefugee RV Club.

When she's not camping or working, she writes about her favorite marketing tips on her website.The worldwide wild web, or befriend the next cat.

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Wrong trailer rental insurance leaves you exposed (7)


Which of the following should be covered by renter's insurance? ›

Renters insurance is an insurance policy that can cover theft, water backup damage, certain natural disasters, bodily injuries and more in a rented property. If you rent an apartment, home or even a dorm, renters insurance is recommended for protecting your space and belongings in the event of a covered accident.

What is the most popular type of claim for renters? ›

1. Theft Claims. No one wants to come home to find that their home is broken into, but it happens quite frequently to both homeowners and renters.

Does renters insurance cover accidental damage to TV? ›

Generally speaking, almost all consumer electronics are covered under renters insurance. Items like your TVs, your home computers and video game consoles are covered by the personal property provisions of your renters insurance policy.

What is physical damage insurance for travel trailer? ›

Physical damage coverage: Comprehensive coverage protects your RV from theft, vandalism, windshield damage, acts of nature, rocks and debris kicked up by other vehicles, and accidents/impact with animals. Collision covers damage to your RV due to an accident, regardless of fault.

Which of the following is not covered by renter's insurance? ›

Renters insurance does not cover major weather events like earthquakes, landslides, sinkholes and floods. The policy also will not cover pest infestations (including bed bugs) or coverage for your roommate's possessions if they aren't a named insured on the policy.

How do I maximize my renters insurance claim? ›

10 Tips to Maximize Your Property Insurance Claim
  1. Take photos of the damage, pronto. ...
  2. Stop ongoing problems from getting worse. ...
  3. Set aside damaged items to show the adjuster. ...
  4. Don't argue with affected neighbors until you're sure of your rights and responsibilities. ...
  5. Prepare a complete home inventory.
Jan 7, 2019

What kind of tenants do landlords prefer? ›

The priority for most landlords will be to find a long-term, reliable tenant who pays their rent on time and treats the property as their own.

What are the most costly claims? ›

Fire and Lightning Damage

As you may have guessed, fire and lightning damage are by far the most costly home insurance claims. Unfortunately, they're also one of the most common claims. Nearly 35% of home insurance claims filed are for fire and lightning damage, and each claim averages nearly $70,000.

What is classed as accidental damage TV? ›

Accidental damage refers to a device failing to function correctly or safely as the result of an incident that has happened by accident. For example, it is dropped, something is dropped on it or liquid spilled onto it.

Is screen damage covered under insurance? ›

Accidental Screen damage covered - Screen damages are the most common of all heartbreaks! All screen damages due to accidental or liquid damage are covered!

What is a covered peril? ›

A covered peril is an event that your insurance will cover. When you file a claim for a covered peril — such as a lightning strike, fire, theft, vandalism, wind, or hail damage — your insurance company will reimburse you for the damage less your homeowners insurance deductible.

Which of the following is covered by renter's insurance policy taken out by a renter quizlet? ›

Renters insurance provides liability insurance and the tenant's personal property is covered against named perils such as fire, theft, and vandalism. It also pays expenses, when the dwelling becomes uninhabitable.

What are the three major parts of a renters insurance policy? ›

Renters insurance, sometimes referred to as tenants insurance, includes three basic types of protection: Personal Possessions. Liability. Additional Living Expenses.

Which of the following is the renter's responsibility? ›

Your responsibilities as a renter include the following: You must promptly notify the landlord of any problems with the property, such as a water leak. You must take reasonable steps to keep the property clean and sanitary. You must pay the required rent until the end of the lease.

What are 4 disasters that renters insurance cover? ›

Tornadoes, fires, hail, and rain and snow damage (non-flooding) are covered by most renters insurance policies. Floods and earth movement (earthquakes and sinkholes) aren't covered by renters insurance. Consider including loss-of-use coverage in your renters policy if you're in a disaster-prone area.


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