Gap insurance, as its name implies, is designed to fill the gap that may exist (i.e., prevent a financial loss) between the RV’s actual cash value (ACV) and the outstanding balance of the RV’s loan or lease. RV gap insurance essentially protects an RV owner if an accident should occur and the RV is deemed a complete and total loss. RV owners in and around the greater Aurora, CO interested in learning more about how gap insurance can protect you can contact the insurance professionals at All-Star Insurance Brokers Inc.

Here is an example of when RV gap insurance becomes important:

When you purchase an RV (or pretty much any asset), its value depreciates over time. Should an unfortunate incident create a total RV loss, the recreational vehicle’s primary insurance coverage will only provide coverage for the RV’s actual cash value – at the time of the event/loss.

RV Gap insurance, should the actual cash value be lower than the outstanding loan/lease on the RV, covers the difference between the two. Having gap insurance prevents what could be a substantial loss, i.e., from an accident, theft, etc. Note that gap insurance does not offer protection against –

• Regular wear and tear.
• Minor accidents.
• Mechanical breakdowns and other damages that may be covered by primary policies.

Contact a Leading Aurora, CO Insurance Company Today

RV Gap insurance can help ensure an existing loan/lease is paid in full should the vehicle or RV be considered a total loss – and offers great protection (and peace of mind) for the right RV owner – for just a small premium or fee. Contact the licensed professionals at All-Star Insurance Brokers Inc for additional information on RV Gap insurance.

Do you think that RV insurance is an unnecessary expense? You’re not alone. Many people believe that since their RV is paid off, they don’t need to insure it. But if something happens while you’re on the road, that "unnecessary" expense could save you a lot of money. All-Star Insurance Brokers Inc. in Aurora, CO can provide you guidance on the benefits of RV insurance and why it’s essential.

Here are a few reasons why:

Liability Protection

If you’re in an accident and it’s determined that you’re at fault, your RV insurance will cover the damage to the other vehicle. It will also cover any medical expenses for the other people involved in the accident. If you don’t have RV insurance and are at fault, you could be responsible for paying all those expenses out of pocket.

Collision and Comprehensive Coverage

If your RV is damaged in an accident or by something other than a collision (like fire, theft, or vandalism), your comprehensive collision coverage will pay to repair it. If your RV is totaled, you’ll receive the actual cash value of your RV minus the deductible. Again, if you don’t have this coverage, you’ll be responsible for paying for repairs or replacement out of pocket.

Towing and Roadside Assistance

Towing and roadside assistance can be quite expensive. If you have RV insurance, these services are usually covered by most policies. But if you don’t have the coverage, you’ll be responsible for paying for it out of pocket if your RV breaks down on the side of the road.

Personal Property Coverage

If you keep any personal belongings in your RV, they may not be covered by your auto insurance policy. But if you have RV insurance, your personal belongings will be covered if damaged, destroyed, or stolen. The last thing you want is to lose your belongings while you’re on the road with no way to replace them.

Purchase RV Insurance Today

RV insurance is essential coverage to have if you own an RV. It can protect you from financial ruin in the event of an accident or other mishap. And while it may seem like an unnecessary expense, it could save you a lot of money in the long run.

So make sure you’re properly protected by contacting All-Star Insurance Brokers Inc. in Aurora, CO today to purchase RV insurance. We’ll ensure you’re properly covered so you can relax and enjoy your time on the road. Give us a call today to get started!

A recreational vehicle (RV) is a great way to travel around the country with friends and family. In a state like Colorado, so much of the beautiful landscape and views have to be experienced from hikes, campsites, and other outdoor locations. Having an RV is the perfect way to experience all that Colorado has to offer in the most natural way.

There’s a lot to know about owning an RV in Aurora, CO, and we’re here to break down the basics. 

Similar to the way you have insurance policies for your home and cars, an RV should be adequately covered under its own insurance policy. Doing so protects you from any potential accident or damage to the vehicle. It also protects the financial investment you’ve made in purchasing a vehicle.

In Colorado, liability insurance is required for an RV. This typically covers damages or injuries that occur while driving.

You can also expect to have collision and roadside coverage when purchasing an RV insurance policy. The team at All-Star Insurance Brokers Inc. encourages all RV owners to shop around and determine what coverage really matters to them. Everyone uses their RV differently, so you will want to ensure that whatever policy you select is in line with the usage you intend to have. 

If you are unsure about what policy is the right choice, or if you are curious about using auto insurance to cover your RV, contact the experts at All-Star Insurance Brokers Inc. Operating out of Aurora, CO, our team has vast knowledge and experience with RV insurance and can help you select the right policy to match your needs. 

If you’ve recently purchased an RV in Aurora, CO, you might be a little intimidated by its sheer size. If you’re looking to avoid accidents, it will take a lot of practice on your part. The good news is that it’s certainly not impossible. Here are a few tips to keep you safe from All-Star Insurance Brokers Inc. 

Know the Difference 

An RV is really nothing like a standard automobile. The best place to try it out is in an empty parking lot, where you can make numerous mistakes when it comes to reversing, parking, and even from now on. Ensure that your mirrors are perfect, and don’t be afraid to adjust them numerous times before finding the perfect balance. 

Watch the Weather 

If you’re in Aurora, CO, you know how tricky the forecast can be. And of course, if you’re headed across the country, the weather can change drastically from one mile to the next. If there’s some tough weather in front of you, it’s time to pull over and wait it out. From fog to thunder to hail, it’s just not worth the risk. 

Stay Fresh 

When you’re going on a road trip, the temptation is to get a few extra miles in. But driving when you’re tired is often no better than driving when you’re under the influence. It would help if you were alert and clear-headed to avoid a collision. 

All-Star Insurance Brokers Inc. knows what it means to be safe in your vehicle, which is why we offer several RV insurance policies to ensure you have all the protection you need. If you’re interested in learning more about how the right RV insurance for you, give us a call today to see how we can help.