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Why Specialty RV Insurance
Dealerships should not feel comfortable sending their new RV owners out the door without specialty RV insurance. If you have customers insuring their RVs on an auto policy, they're simply not getting the protection they need to protect their RVing lifestyle and investment.
Aon Recreation Insurance insurance policies include additional coverage that auto carriers don't always provide. Many dealers feel the most important aspect of coverage is Aon Recreation Insurance's Total Loss Replacement feature, which protects customers from significant depreciation once the RV is driven off the lot. If an RV is totaled, auto insurance typically pays the current market value of the vehicle. For example:
| Total Loss Replacement Coverage: Why You Can't Afford To Do Without It |
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| 2005 Purchase of New RV | ||||||
| New 2005 coach: | $150,000 | |||||
| 10% down: | -$ 15,000 | |||||
| 10-Year Financing: | $135,000 | |||||
| After Total Loss in 2007 with Standard Auto Coverage |
After Total Loss in 2007 with Total Loss Replacement |
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| Insurance pays market value: | $110,000 | TRL Buys New 2007 RV: | $160,000 | |
| Remainder of loan: | -$120,000 | Same monthly loan payments | ||
| Owner's out-of-pocket: | $10,000 | Owner's out-of-pocket: | $0 | |
| (No longer has an RV) | (Headed to FL on Vacation) | |||
Additional unique features include:
- Disappearing Deductibles
For every claim-free year, deductibles are reduced by 25%. - Replacement Cost Coverage
"New-for-old" coverage on personal belongings. - Full-Timer Coverage
Includes the personal liability coverage lost when your customer no longer has a homeowner's policy. - Dealer Add-ons and Permanent Attachments, like Awnings, Antennas, and Satellite Dishes Protection
- Campsite Liability
Premises liability at the campsite. - Unlimited Towing and Roadside Assistance
Anytime service with providers who can handle any RV. - Emergency Expense Allowance
Reimburses for transportation or lodging if the RV is unusable due to a covered loss. - Mexico Coverage
Extends comprehensive and collision into Mexico.