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RV Insurance Specialty Coverage: Total Loss Replacement


This is a must have RV coverage.  Did you know most sources estimate RV's lose 30% of their MSRP value right off the lot!  Here is the typical depreciation schedule you will find via various online sources:

"DEPRECIATION - Starting with MSRP the depreciation is 30% driving it off the lot, another 10% at the end of the first year, and 6% for each year following. We all know that no one pays MSRP for a new coach with typical discounts of 15 to 25% depending on the model. So here’s a typical actual depreciation schedule."


1 18% 65,600
2 10% 57,600
3 7% 52,000
4 6% 47,200
5 6% 42,400
6 5% 38,400
7 5% 34,400
8 4% 31,200
9 4% 28,000
10 3% 25,600
11 3% 23,200
12 2% 21,600
13 2% 20,000

Depreciation schedule sourced from

Total Loss Replacement vs Actual Cash Value

Without the election of a specialty valuation coverage for your RV such as RV Total Loss Replacement coverage your RV payout will default to Actual Cash Value otherwise known as ACV.  ACV, sometimes called Market Value pays the actual cash value of your RV at the time of loss, depreciation and all.  

RV Total Loss Replacement coverage varies from underwriter to underwriter but in general terms this coverage will pay for the replacement of your RV with the newest model if your RV is determined to be a total loss within its first five model years.  Following the fifth model year the payout would be equivalent to the purchase price of the RV providing the funds are used towards the replacement of the unit, this continues up to the tenth model year thereby essentially doing away with depreciation.

Here are the top 5 RV valuation methods:

  1. Total Loss Replacement - New (You pick the replacement manufacturer, floor plan, and color)

  2. Total Loss Replacement  - Standard (Underwriter picks a match of your prior unit as closely as possible)

  3. Purchase Price Guarantee

  4. Agreed Value

  5. Actual Cash Value

While we hope for the best we are here to make sure you are prepared for the worst.  From theft to blowouts to wind storms and "Ooops, I forgot to unhook" we have you covered.  Our partnerships with the industry's leading specialty RV underwriters allow us to offer these and many more exclusive programs to ensure you have the coverage you need when it counts.  For more information or to add RV Insurance Total Loss Replacement Coverage to your policy call us today toll free 800-507-8467.

Tiffanie Novosel
220 Licensed
Nationwide RV Specialist

*Imaged originally sourced from RV the movie


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