Three Option to Insure your RV Against a Total Loss

Market Value is the most economical choice to insure your RV. If your RV is declared a total loss, this coverage pays either the lower of the actual cash value (ACV) at the time of loss or the market value displayed on the declarations page. Market value should be reviewed periodically to ensure it accurately reflects the current value of the RV.

Agreed Value protects your investment in your RV without considering depreciation for total losses. The total loss payout is the agreed value as shown on the declarations page. Proof of value is required for this option. For RVs purchased less than two years ago, the purchase documents are proof of value. For RVs purchased more than two years ago, an appraisal serves as proof of value.

Total Loss Replacement/Purchase Price coverage provides you with a new, untitled RV if your RV is five model years old or less and is deemed a total loss. If an RV older than five years is deemed a total loss, the payout will be the purchase price as reflected on the declarations page. The purchase price value includes all permanently attached equipment, tax, title and license. The value should be increased if additional equipment is added. This coverage is only available for new RVs, up to one model year old.

This coverage extends to trailers and vehicles being towed by a motor home and vehicles towing travel trailers, even if the tow vehicle is insured with another insurance company.