Living life on the road in a motorhome is an adventurous choice, but it comes with unique insurance considerations. One of the first questions you might have is: In which state should you purchase motorhome insurance if you plan on living in a moving motorhome? Read along as Hermes Insurance Solutions, providing insurance products to residents in the Sanger, TX region, details the factors to consider when making this decision.
Domicile vs. Residency
The first thing to understand is the difference between your domicile and your residency. Your domicile is your permanent legal address, while residency refers to where you currently live. When it comes to motorhome insurance, you’ll typically purchase coverage based on your domicile.
Choosing Your Domicile
Selecting a domicile is a personal choice. Some people choose a state with favorable tax laws, while others opt for a state where they have family or other ties. South Dakota, Florida, and Texas are popular choices for full-time RVers due to their friendly tax policies and simple residency requirements.
Consider Insurance Requirements
When choosing your domicile state, consider its motorhome insurance requirements. Some states may have specific insurance requirements that you’ll need to meet, such as minimum liability coverage. Ensure that your chosen domicile allows you to meet these requirements with your insurance policy.
We Are Here To Help
When living in a moving motorhome, your domicile state determines your motorhome insurance. Consider your personal preferences, tax laws, and insurance requirements when selecting a domicile. This choice will help you secure the right insurance coverage and enjoy your life on the road with peace of mind. If you’re in the market for a new motorhome insurance product, call Hermes Insurance Solutions, serving the Sanger, TX region, today.