One of the questions that we at Blanchard Insurance, serving the greater Longwood FL area, are asked about RV insurance is whether the insurance policy will cover the RV if it is lent to a friend or family member. If you have an RV that you are not planning on using one weekend, you may be thinking about letting a loved one borrow it. Here is some insurance information you should be aware of before you do it.
Read Your Policy Carefully
Some RV insurance policies will cover friends and family who are borrowing or using your RV if you give them permission to do so. Other policies will not cover these people. If your RV will not cover other drivers, it will be stated clearly in the policy that you are not to lend or loan the RV out and that anyone not listed on your policy is not covered under your insurance policy.
Never Rent the RV Out
If your policy does cover other users, it will never cover other users if you are renting the RV out for money. In this case, you will be deemed to be running a rental business, even if you are only renting the RV out to a family member or relative. If money is exchanged so someone else can use your RV, your RV insurance policy will not cover them.
Obtain a Short Term Floater Policy
If your policy will not cover friends or family, this does not mean they cannot borrow your RV. In order to use the RV and be fully covered, they will need to obtain a short term floater policy from their insurance company for the dates that they plan on using the RV. This protects both you and them.
If you are looking to obtain RV insurance in the greater Longwood, FL area, contact Blanchard Insurance today. We can help you find an insurance policy that covers all of your RV needs.