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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RV Insurance- (every thing you always wanted to know about RV Insurance)

Since 1997, Explorer RV Insurance Agency has been providing custom-designed insurance programs for RV owners. The agency represents leading insurance carriers that offer products in 48 states. Explorer RV is underwritten by companies with A.M. Best ratings of "Excellent" or higher.

The Explorer RV staff is committed to bringing you superior insurance protection, exceptional service and more value for your insurance dollar. You will experience the advantages of working with a dedicated agency, backed by the strength and stability of our national insurance carrier partners.

When you contact Explorer RV you will have the opportunity to speak with a licensed agent every time – not a call center operator. Our team of professionals is specially trained in RV insurance, and realizes that service doesn’t end when your policy is written.

They stand ready to:
- Assist with policy changes
- Act as your advocate in facilitating communication with the insurance company
- Perform renewal reviews and make coverage recommendations

We focus on all your insurance needs, so you can focus on enjoying your RV!

For the next 13 weeks we will be discussing what makes up RV Insurance, how the coverages work, and doing this in as much detail as we can.
This is the topics for the next 13 weeks:
RV Specialty Insurance (every thing you always wanted to know about RV Insurance)
WK 1 RV Insurance Glossary
WK 2 Liability& Personal Injury coverage
WK 3 Medical Payment & Uninsured motorist, underinsured motorist coverage
WK 4 Collision and Comprehensive coverage
WK 5 ACV, TRL, PPG, AGV,
WK 6 New Coverage from NIIC GAP& FSO
WK 7 Full timer & Vacation/Campsite Liability
WK 8 Personal effects & emergency expense coverage
WK 9 Roadside assistance & medical benefits
WK 10 Customer Equipment & Golf cart & Glass coverage
WK 11 Consignment Coverage from NIIC
WK 12 Agent vs. Captive
WK 13 Specialty vs. Auto Insurance for your RV

Come back and learn more about the RV Insurance vocabulary next week.