
RV Park Insurance
The RV Industry Evolution
For most of us, there are tangible aspects of our lives that were changed, and many businesses saw restrictions and downsizing in dealing with a COVID – conscious world. But there were some industries and markets that realized the opposite results because of changes in the way many individuals spent vacation time and leisure activities. While popular vacation destinations were shut down and restrictions were put in place for travel, the RV industry and RV parks saw a boom of sorts in sales and reservations. RV campgrounds filled up quickly and families began to spend quality time together on area lakes and around campfires.
As more and more of the restrictions for travel and gathering have eased post-pandemic, the RV industry is still a popular way to enjoy “stay-cations” and long weekends without the hours of drive time to get to a destination.
RV Industry by the Numbers
Statistics bear out the popularity of camping as a favorite pastime.
Insurance Options for RV Parks
As an owner/operator of a private RV park, you may have taken care of the basic needs for insurance with property and liability coverage, but there are some coverage options that are unique to RV facilities that you will want to discuss with your agent.
Some of these coverage additions include but are not limited to the following:
Dock Coverage
You may want to double check that your property coverage includes some coverage for any boat docks or marinas you may have on premises. Be sure to inquire about coverage for flood coverage limitations, as well as collapse coverage from the weight of ice, snow, or sleet. In our Midwest climate these perils are concerns to protect from loss or damage.
Special Event Coverage
Many Campground owners offer special events around Independence Day celebrations with firework displays and on-premises cookout events. Fireworks Display coverage is very specialized coverage with strict stipulations on where, what, and who will be involved in the event. Most of the time, the local Fire Marshall will need to sign off on the display to even qualify for display coverage. Other special events such as concerts, car shows, and fairs will need coverage specific to the event and these policies take some time to get approved, so if you are planning an event get with your agent sooner rather than later!
Pools & Swimming Areas
Pools and swimming areas are popular gathering areas for family and friends to enjoy the lake or outdoors in the summer. If your campground houses a pool, you will want to have your agent provide you coverage for liability exposures. Your insurance carrier will ask that certain stipulations and requirements are met in providing this coverage, such as on-duty lifeguards, life preservers availability, and overall safety of the swimming pool or space.
Miscellaneous Coverage
There are several other concerns you will want to be sure you have secured coverage for. Some of these extras may include, General Store, Restaurant (this may also require some Liquor Liability), Laundry, LP Gas and Gasoline, Gun or Archery Ranges, Playgrounds, Water Skiing, Boats and Canoe Rental, Tennis, Basketball, and Volleyball Courts, etc. As you can see, the list may be very extensive so be sure to have your agent come out to inspect your premises and review your activities for coverage.
Cyber Liability
Cyber coverage is a recent development in camping, but many patrons at the RV site continue to use your campground’s Wi-Fi for remote work or to stream programming. Many clients book their stays and pay for camping fees online through e-Commerce, so as a businessowner, you should be certain you are protecting against any Cyber attacks on your business.
Getting Help with RV Park Insurance
As the popularity and growth continues in the RV and camping industry, your role as the business owner and service provider to your clients also equates to more risk for you in protecting your property and your organization from financial loss due to liability issues. These factors directly link to your agent’s ability to properly advise and cover your business assets.
At Loomis Insurance Agency, we have trained producers and account managers who are excited to work with you in coming up with a customized plan that meets your needs as a business owner.
Please don’t hesitate to reach out to us today!