Why RV Owners Should Have Replacement Cost Coverage

If you own an RV (Recreational Vehicle) that is less than five years old, we can get you replacement cost coverage.  

Let’s say you paid $50,000 for your RV four years ago.  Chances are, it isn’t worth $50,000 anymore.  Typical insurance companies will give you the actual cash value or current value of your RV. It's unlikely that you would be able to find an RV that is as high-quality as the one you had if you do not have the full replacement cost covered.  

Let's say you were to get into an accident, and your RV is less than five years old. With replacement cost coverage, your insurance company would replace the damaged RV with a brand new one, even if the new model RV is more expensive than $50,000. If your RV is five years old or more, your insurance company will provide you with the purchase price of the RV to help pay for a new one. 

Pay attention to the coverage on your RV. The absence of replacement cost coverage on your RV policy could cost you thousands!