Buying RV insurance can feel overwhelming when you keep running into these terms and do not understand them. It has also led to most people buying inadequate cover or buying the wrong policy due to misunderstanding. To help you understand, Integrity Advisors Agency LLC (Stephen Reese), serving the great people in San Antonio, TX, takes you through some basic terms you should know when buying RV insurance.
Liability Coverage
It provides cover for your assets when you get into an accident where you are at fault and you end up injuring someone or damaging their property.
Injury Liability
If you are found responsible for an accident where someone gets injured, this liability helps cover medical bills, lost wages, and compensation for pain and suffering.
Property Damage Liability
This refers to a scenario where your RV causes damage to someone’s property. This liability helps cover the resulting repair or replacing costs.
Collision Coverage
It pays for damages to your RV resulting from a collision.
Comprehensive Coverage
This covers damage to your RV caused by anything else other than a collision. This includes fire, theft, flooding, and vandalism.
Medical Payment Coverage
It pays for the medical expenses for you and your passengers after your RV gets into an accident, despite who was at fault.
Personal Injury Protection
Helps cover medical expenses regardless of the person at fault in the accident. It can also cover lost wages for the affected party.
Underinsured Coverage
You can get into an accident with a driver who carries inadequate insurance and cannot cover all your resulting expenses. Uninsured coverage will help cover those expenses, preventing you from making a loss.
Uninsured Coverage
It is possible that you get into an accident with someone who lacks insurance. Uninsured coverage helps pay for those resulting expenses.
Understanding these terms will come in handy when you finally decide to purchase life insurance. Here at Integrity Advisors Agency LLC (Stephen Reese), we are ready to help you understand any terms you find too difficult. Residents of San Antonio, TX, can feel free to reach us for any kind of assistance.
