Buying insurance for your RV is very important because it takes away the necessity to spend more for something that happened unexpectedly. Accidents are the basic coverage and loss of certain things and life. The insurance covers the damage done to the other party. What is interesting with the 5th wheel insurance, though, is that when your RV gets damaged within the first five years from the time you bought it as brand new, your RV will be replaced with a new one from the 6th year onwards, at the current price, even if it is more expensive than the original. Go for the 5th!