RV Insurance Glossary

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RV Insurance Glossary

STANDARD AUTO COVERAGES

Liability - Applies to claims made against you for bodily injury or property damage to others resulting from negligent operation of a motor vehicle.

Personal Injury Protection - Applies to your medical expenses and lost wages resulting from the operation of a motor vehicle, regardless of fault in no-fault states.

Medical Payments - Applies to medical bills incurred by you, members of your family and passengers for injuries involving a motor vehicle.

Uninsured/Under-insured Motorist - Applies to claims you may have against another motorist for injuries you sustain as a result of a motor vehicle accident. Uninsured coverage applies if the other motorist has no insurance. Under-insured coverage applies if the other motorist has insurance, but it is not sufficient to
pay for injuries incurred.

Collision - Applies to damage to your vehicle caused by striking objects such as trees, poles, or other
vehicles.

Comprehensive - Applies to damage other than collision, such as fire, theft, flood, hail, windstorm, or earthquake.

Actual Cash Value - In the event of a total loss, pays the current market value typically determined by using Kelly Blue book or NADA Guide.

SPECIALTY RV COVERAGES

Replacement Cost - Covers the full replacement if the vehicle is destroyed by a loss covered in the policy, and replaced with a similar unit within the first five model years, protecting you from depreciation. This coverage converts to Purchase Price in the sixth model year.

Purchase Price - Pays the purchase price towards a replacement vehicle if you experience a total loss covered in the policy and choose to replace the RV.

Agreed Value - Pays the agreed-upon value, typically based on a professional appraisal or bill of sale, in
the event of a total loss. This coverage is ideal for purchasers of classic, bus conversion or used RVs.

Disappearing Deductibles - The comprehensive and collision deductibles are reduced by 25% of each claim
-free year. At the conclusion of the fourth claim-free policy year, you pay no deductible when filing a comprehensive or collision claim. If a loss occurs, deductibles return to the original amount and the diminishing feature resumes.

Full-Timer - Provides personal liability coverage similar to a homeowner’s policy. Additional living expenses, stored personal effects and other coverages may be available.

Mexico Physical Damage - Applies to comprehensive and collision coverage of your vehicle while traveling in Mexico, provided you maintain Mexican Liability on your vehicle during the entire trip.

Personal Effects - Replacement coverage for items such as clothing, dishes, computers, cameras, or
sporting equipment that are not a built-in part of the RV. Note: replacement cost is subject to policy
terms.

Vacation/Campsite Liability - Pays for bodily injury to others or property damage occurring at your campsite.

Emergency Expense - Applies to emergency lodging and transportation expenses if your vehicle is damaged or destroyed by a loss covered by the policy.

Roadside Assistance - Most carriers provide sign-and-drive towing and labor via a toll-free number. Auto policies may provide towing coverage, but typically offer a limited amount of coverage on a reimbursement basis with no dispatching service.

Medical Benefits (Scheduled) - Provides a specified dollar amount in the event of accidental death, or a
dollar amount for scheduled disabilities. Coverage only applies while operating your insured vehicle or as a pedestrian struck by a motor vehicle designed for public roads.

Custom Equipment Replacement - Replacement cost protection for after-market equipment added to your unit after the initial purchase.

Golf Cart/Moped/Scooter/Small Boat Coverage - Provides stated-amount comprehensive and collision coverage for a non-registered for-road-use golf cart, moped, scooter, or small boat.

Class Coverage - Instead of paying the higher comprehensive deductible, this coverage provides a $100 deductible for windshield and glass claims.

Consignment Coverage - This endorsement covers your unit from storm damage, fire, collision, vandalism, or theft while being sold on consignment with an RV dealership.

Note: The definitions in this glossary are for general information purposes only. For details
regarding your specific RV insurance policy, contact your insurance carrier or agent.

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