Diminishing insurance deductibles: imagine not having to pay an insurance deductible – and still being fully protected.
Sounds too good to be true, doesn’t it?
But, with our diminishing insurance deductibles, it can happen to you. This option eventually eliminates your deductible, and allows you to pocket the money instead.
How do diminishing insurance deductibles work?
With a diminishing deductible option, your insurance deductible decreases 25% each year you’re claim-free until your deductible hits zero. It applies to both your comprehensive and collision deductibles.
So, let’s say you have a $1000 insurance deductible. Your deductible will drop by $250 each year you don’t file a claim. After the fourth year, you won’t have to pay a deductible after you file a claim. But, you’ll still have the full protection your policy applies.
Depending on the size of your claim, that means you could save $1000 in deductible costs, and use the money for RV furniture, appliances, redecorating or anything you want.
Diminishing insurance deductibles are ideal for full time RV insurance.
Many RVers opt for higher deductible limits with their full time RV insurance policies to keep their premium payments lower. While this can be a smart strategy, it does mean more potential out-of-pocket costs if you file a claim.
However, with diminishing deductibles coverage, you can eliminate your out-of-pocket costs, and still enjoy the lower premiums associated with high-deductible policies.
Have any questions?
Give the team at Explorer RV Insurance a call today at 1-888-774-6778. Talk to one of our licensed agents who will explain this option in detail, and help you see if it’s the right move for you.
Need a quote for full time RV insurance? This coverage represents a more complete and cost-effective way to protect your RV investment and your financial health. Ask us today for more information.