**This article is no way meant to be used for legal advice, or used to advise someone on what to do. It is meant to facilitate open discussion about a common issue dealing with fulltime RVers and things we have heard**
You don’t have to look any further than the common posts on Facebook RVing Groups to find out that this is a touchy subject. It will take us all putting our heads together to actually figure this one out. Please comment below if you have first hand experience with the issues discussed in this article.
The common belief is that if you tell someone you are a fulltimer, you will not receive a loan for an RV, you will void your warranty, and you also will not be allowed to insure your pricey investment. So lets take a look at each of those three subjects.
Loans– When we purchased our rig, we had already been warned a few times by a few different people in person and on Facebook that if you tell the dealership you are going to use the rig fulltime, they will not give you a loan. More of, the bank will not give you a loan for the RV. As many of you know, we went through Camping World of Grain Valley (Kansas City). The salesman handling our paperwork actually told us in the office that he did not hear that was our plan and to please not mention it again. We received a loan through M&T Bank and the paperwork was approved and processed very smoothly. So step one, we were already being warned that there was some kind of TABOO happening with fulltimers.
Insurance– We called our personal bank, USAA, who does not issue insurance for RVs themselves, but they partner with Progressive. So our policy is a USAA policy through Progressive. Further, they had an actual Fulltimers Insurance Package. It was quite a bit more than the average insurance, but we wanted to make sure we were covered appropriately and we wouldn’t be paying for something that would be voided for spending too much time living in the rig. There is quite a bit of misinformation on Facebook about whether or not this is legit. I am writing you to tell you it is. In the policy itself, it says 365 days a year. There is no stipulation on amount of time you have to be out of the rig each year.
Manufacture Warranties– We could not find any stipulation regarding the amount of time you are allowed to stay or be in the RV. After all, how could they even prove such a thing? With the amount of time these rigs sit in the shop for repairs, it is unlikely the first year or two (however long your manufacture warranty is), that you will not encounter needing some kind of repair that ends up with your rig in the shop. Sometimes this will happen for months because of the backlog of warranty work needed on these rigs.
Extended Warranties– This has become an even slimier subject for most. There are pages and pages of documents on what they cover that you have to rely on them telling you the truth about coverage when you take your rig in. Every extended warranty is a little different. The best part is that if you purchase an extended warranty and it turns out they don’t cover what you need them to, you can return it for the prorated portion and basically have them buy you out of the contract. This is handy considering most of us purchase these out of fear. We have heard that many use them, and we have also heard many tell us they are a waste of time, and it basically renders the person over-insured. This is not to bag on these companies. Some have had great success using these. However, our stand point is that if you can learn to be handy by asking questions and watching videos possibly on You-Tube, you can learn to repair just about anything on the RV. Some of these will limit your time allowed in the rig and exclude full-timers, but again we have never actually seen it in person or had anyone write in to tell us it happened to them.
Taxes- Most RVers know that an RV counts as a second home on your taxes (deductions and write offs), so if the government considers them housing, why wouldn’t the rest of the industry?
So the remaining question is: Where did this widely shared/believed thought process come from? Is it actually a thing, or is it meant to discourage you from using your rig fulltime?
Please let us know your thoughts and share this with someone you know uses their RV fulltime. We would really like to find out if this is fact of fiction.