When thoughts turn to spring and your clients take out the big boy and girl toys—motor homes, boats, jet skis, motorcycles, RVs, ATVs and golf carts—they need to make sure they have the proper insurance coverage.
As many of your personal lines clients dust off their travel trailers and motor homes for a road trip or a weekend at the lake, make sure you talk to them about two emerging trends that could affect their insurance coverage.
When it comes to claims, the RV market is beginning to resemble the broader auto space. Here are three auto-like factors that will continue driving RV insurance rates in 2019.
Over the past several years, independent agent Nick Pembroke watched the RV market perform well. “The economy has bounced back and people have felt like they have the money to invest in these kinds of things,” he says. “It’s kind of a bonanza for our agen
Convinced you need to up your RV insurance sales game? Good idea—just make sure you avoid these three common RV coverage mistakes.
As temperatures finally start to climb and school lets out for the summer, Americans are gearing up for one of their favorite times of the year: RV season. Just don’t expect the same type of person behind every wheel.
Independent agent Tom Lucas has noticed some changes in the RV market. “We’re seeing companies coming in with replacement cost and disappearing deductibles that we didn’t see before,” he says.
There were more than 430,000 new RV shipments in 2016, marking a 40-year record. Selling RV insurance could be a worthwhile investment in your personal lines book—but don’t make the mistake of winging it.
