Owning an RV and campground business can be rewarding and lucrative, especially in today’s market. The National Association of RV Parks and Campgrounds reports that 2021 was considered profitable by 90% of respondents, with 44% declaring it one of the best years ever. Growth is forecasted again for 2022. Consider protecting your asset with campground insurance personalized to fit your needs.
Protect Against Bodily Injury Claims
You do your best to keep your campground safe and free from potential hazards. However, accidents happen. A visitor staying at one of your sites may trip and fall walking to the grill resulting in a broken leg and high medical costs. Campground insurance may cover these costs, should the incident result in a lawsuit.
Protect Against Property Damage Claims
Severe weather can quickly wreak havoc on a park. In 2021, a brief but heavy downpour combined with high winds, known as a microburst storm, caused extensive damage in the Indian River Campground in Michigan. Experts estimated it would take at least a year to assess all the damage and recover.
Protect Against Pollution Liability Claims
Campgrounds and RV Parks are high traffic areas for gasoline-powered vehicles. Campground insurance can help cover the cost of clean-up due to any spills or leaks that happen on your property.