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Of course, a new RV is a serious investment. All vehicles depreciate while you own them, and RVs are no different. But for RVs, the stakes are higher. They cost more than a car to replace, and the right protection can be harder to find. Consider this example: a Camping World family purchases a new RV for $150,000. After a few years of enjoying their rig, it gets stolen. Their insurance company quickly cuts them a check for the current value of their rig. Here's the problem: thanks to depreciation, the check is for less than $90,000. That's less than they still owe on their loan! They use the check to pay off as much as they can, and they are left with no rig, no cash and a monthly payment for an RV that's long gone. That's what we call a “depreciation disaster.” This situation is all too common — but totally preventable! No, you don't have to give up on buying a new rig. All you need to do is make sure you select the right coverage for it up front. Ask your insurer about full replacement coverage. Full replacement coverage means that if your new RV is lost in the first few years of ownership, you don't get a check for depreciated value. Instead, you get a brand new RV! The difference between receiving a new RV or depreciated value can be over $100,000 for some high-end rigs. That's a tough pill to swallow, and there's no reason to chance it. The full replacement cost coverage option is just one of the many reasons that makes Camping World Auto & RV Insurance the right choice for you and your family. Click here for a free, no obligation quote.
Protect Yourself from Depreciation Disaster
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