RV insurance policy terms and conditions.
No one goes through the policy terms and conditions for RV insurance of their own free will. They are often boring and difficult to read. Still, they are important, but we understand that you are not going to go through them for fun. We would like to explain some important parts of the policy conditions.
What is the deductible in motorhome insurance?
The deductible is a portion of the damage you keep at your own expense. Not all insurers use a deductible. If they do, it is often an amount up to €150. For a damage of €1,000, you will be paid €850 assuming a deductible of €150. Insurers use deductibles to discourage policyholders from claiming.
A higher deductible for young drivers
Young drivers often pay a higher premium until they are 24 years old. Insurers do this because they do more damage compared to older drivers. For some insurers, this does not go far enough. They also set an additional deductible in the policy terms in case damage is caused by young drivers. Not all insurers do this.
Excess for windshield damage
A different deductible applies to windshield damage. If window replacement is not necessary, there is often no deductible. The insurer may refer you to a particular glass repairer in your area. If the car window is replaced, a deductible often does apply. The amount again depends on where you go for the windshield replacement. Insurers may refer you to repairers that have contracts with them.
The new-for-old scheme
For new or young RVs, the new-for-old value settlement is interesting. In case of a total loss of the motorhome, the claim is settled based on the new-for-old value of the motorhome. The new-for-old value settlement can apply for one to three years. After this period the current market value of the motor home is used as the basis for the claim.
Acquisition Value Scheme
This is similar to the new value scheme, but this scheme is aimed at used RVs. If this scheme is included in the RV insurance policy according to the policy terms, the purchase value of the RV is assumed for a certain period of time. Did you buy the motorhome for €8,000? Then the claim settlement will temporarily be based on this value instead of the current market value.
Daily value of the motorhome
The daily value is the value of the motorhome just before the damage. This value takes into account the RV's age, as well as its state of repair and mileage, for example. It also takes into account how well the motorhome has been maintained.
Cancel motorhome insurance
Motorhome insurance has a standard term of one year. After the first year of insurance, the insurance is renewed again for one year. After the first year of insurance, the insurance can be cancelled daily. Some insurers use a notice period of one month. This is allowed. When canceling the RV insurance on April 5, the insurer is allowed to terminate the insurance as of May 5. When selling the camper, the camper insurance can be cancelled immediately. Also logical, since there is nothing left to insure. Also during the first year the insurance can be cancelled when the camper is sold.
Claims management by the insurer
For damage repairs, insurers use damage control. This means that you prefer to have the camper repaired at a repair shop designated by the insurer. They do damage control by, for example, reducing the deductible if you go to an affiliated bodyshop. This phenomenon is also seen in glass repair.
Getting behind the wheel with alcohol
Insurers are strict about damages where the driver was under the influence of alcohol. The insurer has the right to recover the damage amount from the party causing the damage. In a liability case, however, the other party is compensated for the damage. The insurer may then send the inebriated party responsible for the loss a bill for the damages. These types of recovery claims can involve large sums of money.
Other exclusions
There are other situations named in the policy conditions where there is no coverage. These include participating in speed contests or renting out the motorhome. Motorhome insurance also does not provide coverage when driving the motorhome without a valid driver's license.
Deposit
In the event of a collision abroad, you may face bail. In an extreme case, the motorhome may be impounded. You may even end up in jail yourself. You will get the motorhome back on payment of a deposit. The insurance company will take care of this. Even if bail is needed to get you out of jail again.
Questions we often get
What are important things about policy conditions?
Reading policy terms and conditions is not the most fun thing to do. That's why we've listed the essentials. Clear and straightforward.
reading time 3 minutes
How does it work with claim-free years?
How many claim-free years you have can be found on your policy schedule. Not sure? Check with your insurer or intermediary. This way you avoid having your premium changed if your claim-free years were incorrect.
read all about accumulating claim-free years
reading time 3 minutes
What supplemental insurance policies are there?
Some supplementary insurances are very useful. We explain all supplementary insurances to you. That way you can make an informed choice.
Check the pros and cons of supplemental insurance policies
reading time 4 minutes
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