Collision Coverage

Comprehensive collision coverage is essential for anyone that owns an RV. Collision coverage repairs an RV in the event it is damaged when stolen or damaged during an incident, no maater the person at fault. Collision coverage usually requires you select a deductible. Once this is met, the insurance company will pay for the remaining damage.

KADAIR Insurance will help you decide on what option is best for your personal situation. You may choose from multiple insurance options to protect your RV against total loss. These include, but may not be limited to:

  • Market Value – This basic policy often offers the cash value for an RV when a loss occurs.
  • Agreed Value – An agreed value will offer you the value of your RV that you select when your policy starts, no matter the market value of your RV when a collision occurs. This may cost a little more to maintain than a basic policy.
  • Total Loss Policy – This policy will pay to replace your RV with the latest model in the event your RV is declared a complete loss during the first five years of ownership. This is the most comprehensive coverage for many owners.
RV Collision Insurance

RV Collision Coverage Options

A market value policy is often the least expensive RV insurance coverage. If your RV is completely lost, this coverage will provide you with the cash value, (ACV) during the time of loss or the market value that is displayed on the declarations page. It is important that you review this regularly so that your policy accurately reflects the value of your RV.

Comprehensive rv coverage

If your RV has upgrades or if you purchase a new RV, you will need to upgrade your RV.

An agreed value is a greater investment, but also protects your RV for more. The total loss will pay you the agreed payout loss as provided on the Declarations page of your insurance agreement.

The fullest coverage is provided by a Total Loss Replacement, which often reflects the purchase price of your RV. Thus, if anything happens to your RV within the first five years of ownership, you can receive an RV of equitable value. If you are in a collision following five years, the payout will be the purchase price reflected on the Declaration page rather than a new RV.

This price should reflect all attached equipment, the cost of a title, tax and the license for your RV. If you add additional equipment, you should be able to increase the purchase price value.

Only new RVs that are valued at one year old or less qualify for this agreement.