RV Insurance Services

If you're considering hitting the open road in an RV, you may wonder if your existing homeowner's insurance policy will provide coverage. Unfortunately, the answer is often no. RVs need a dedicated insurance policy, which considers both the unique risks associated with RVs and the fact that they are often used as primary residences. For example, standard homeowner's policies typically exclude coverage for damages caused by earthquakes and floods, but RV insurance policies often provide this coverage. In addition, RV insurance policies usually have higher limits for liability coverage than homeowner's policies since RVs can do more damage in an accident. As a result, ensuring you're adequately insured before setting out on your RV adventure is essential.

When people think about RV insurance, they often assume it will be prohibitively expensive. However, RV insurance is often surprisingly affordable, especially compared to the financial devastation that could occur without sufficient coverage. In fact, for many people, the peace of mind that comes from knowing they are fully protected against any potential risks is well worth the relatively small cost of RV insurance. Whether you are worried about damage to your RV or liability in the event of an accident, a good RV insurance policy can give you the protection you need at a price you can afford. So please don't wait until it's too late; call The Motorcoach Store today to get a quote for RV insurance.

There are a few different types of RV insurance coverage, and it is essential to understand their differences before deciding.

The two main types of coverage are actual cash value and agreed value.

• Actual cash value coverage takes into account the age and condition of the vehicle at the time of the loss and pays out accordingly.
• Agreed value coverage protects the insured's vehicle value without worrying about depreciation for up to 10 years. The value is listed on the Declaration page.

Replacement cost coverage pays for a new replacement vehicle or the value listed on the Declaration page. After 5 model years, the amount listed on the Declaration page will be paid. Vehicle must be a current model year or 1 model-year-old, have no previous owners, be never titled, and never insured. Understanding the different types of coverage available will help you choose the best policy for your needs.

PIP, or Personal Injury Protection, is insurance coverage that benefits the policyholder regardless of who is at fault for an accident. PIP coverage is often referred to as "no-fault" coverage because it pays out benefits regardless of who caused the accident. In most states, PIP is mandatory insurance coverage, and the minimum coverage required by law is $10,000.

PIP coverage typically pays for 80% of reasonable medical expenses and 60% of lost wages resulting from an accident. In addition to the named insured, PIP coverage extends to certain relatives living in the same household, passengers without PIP coverage, and licensed drivers operating the vehicle with the named insured's permission.

PIP coverage protects the policyholder while in their own vehicle or someone else's vehicle. It also protects pedestrians and bicyclists who are struck by a motor vehicle.

• Extended Personal Injury Protection (PIP) pays for 100% of reasonable medical expenses and 80% of lost wages up to your policy's limit. PIP also pays for replacement services if you cannot perform your normal activities and funeral expenses. PIP is available for an additional premium and is typically purchased in addition to your health insurance. PIP is not a substitute for health insurance but can provide valuable protection if you are injured in an accident. If you have PIP, be sure to keep track of your expenses so that you can submit a claim to your insurer.
• A Personal Injury Protection Deductible is an insurance policy that allows the policyholder to select a deductible amount of $250, $500, or $1,000 for personal injury protection. This deductible is subtracted from the available PIP benefit or total amount the Named Insured can collect. If PIP with a deductible for the Named Insured only is selected, then the deductible will only apply to the named insured and spouse and not to resident relatives. This option is beneficial for those who are looking for a way to lower their monthly insurance payments. By selecting a higher deductible, you are essentially agreeing to pay more out-of-pocket expenses in the event of an accident. However, this could save you money in the long run if you never need to use your PIP benefits.
• The Work Loss Exclusion option allows policyholders to exclude benefits received for loss of income and earning capacity from PIP coverage. This option is available to policyholders who are gainfully employed at the time of the accident and have sustained an injury that prevents them from working. Under this exclusion, benefits will only be paid for lost wages up to the date of the accident. Policyholders who elect this exclusion will not be eligible for benefits for any lost wages incurred after the date of the accident. This option is only available to policyholders in certain states. Please check with your agent to see if this option is available in your state.