Reno is the perfect launchpad for some of the best RVing in the West. You’ve got Tahoe nearby. And the Black Rock Desert just a few hours north. But before you get on the road, you need to double-check your RV insurance policy to make sure it covers the full value of your rig. Because how your claim gets paid out if you have a problem depends on whether you chose agreed value or stated value. <\/p>\n
Stated value is the number you put on your RV when you first set up your insurance policy. Which is what most people do. But if your rig gets stolen or you total it in an accident, the insurance company doesn’t necessarily hand you that amount. They look at the current market value of your RV to compare it to your original stated value. Then they pay you whichever amount is lowest. <\/p>\n
This means if your RV has gone through some depreciation, you can end up with less than what you expect. <\/p>\n
Agreed value is a completely different setup. With this type of valuation, you and your insurance company decide on a set value for your RV. This is done when you set up the policy. If your rig is a total loss after an accident or other event, that’s the amount you receive. So there’s no appraisal surprise. <\/p>\n
The heat gets to everyone in Reno, NV, and that includes inanimate things like your RV. Scorching heat in the summer. Winter ice on I-80 in the winter. Lots of gravel roads, especially out near Gerlach. All this and more wear down any vehicle. And RVs depreciate, so a stated value policy can leave you short. <\/p>\n
This is especially important if you’ve invested in upgrades. Or if you own a rig that holds its value well. Hinman & Associates Insurance can help you make sure you’ve got the RV insurance you need. <\/p>\n
Deciding which type of value to go with depends on a few things. Like how often you use your RV. What kind of protection makes sense for your situation. When you have a policy review with Hinman & Associates Insurance, we’ll get you up to speed on what you have and help you determine if something else makes sense for you. <\/p>\n","protected":false},"excerpt":{"rendered":"
Reno is the perfect launchpad for some of the best RVing in the West. You’ve got Tahoe nearby. And the Black Rock Desert just a few hours north. But before you get on the road, you need to double-check your RV insurance policy to make sure it covers the full value of your rig. Because […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6,16,20,19,28],"class_list":["post-181","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-hinman-associates-insurance","tag-insurance","tag-nv","tag-reno","tag-rv"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.hinmaninsurance.com\/blog\/wp-json\/wp\/v2\/posts\/181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hinmaninsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hinmaninsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hinmaninsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hinmaninsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=181"}],"version-history":[{"count":1,"href":"https:\/\/www.hinmaninsurance.com\/blog\/wp-json\/wp\/v2\/posts\/181\/revisions"}],"predecessor-version":[{"id":182,"href":"https:\/\/www.hinmaninsurance.com\/blog\/wp-json\/wp\/v2\/posts\/181\/revisions\/182"}],"wp:attachment":[{"href":"https:\/\/www.hinmaninsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hinmaninsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hinmaninsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}