GMAC Insurance to Offer Specialized RV Coverage Through Independent Agents Across the Nation
ST. LOUIS--Today, GMAC Insurance announced the nationwide rollout of its specialized RV insurance through independent agencies. The move comes as part of a GMAC Insurance initiative to expand its product offerings sold through approximately 10,000 independent agencies across the country.
As America’s No. 1 RV Insurance Specialist1, GMAC Insurance has sold its RV insurance directly to RVers since 1978. Over the past decade, RVing has become an enormously popular hobby, with approximately 1 in 12 American households owning RVs. GMAC Insurance is now providing these consumers with another convenient way to purchase its RV coverage – from their trusted local independent agent. What’s more, customers can reduce their premiums by as much as 20% by purchasing their automobile and RV insurance on one GMAC Insurance policy.
Unlike some companies that treat RV policies like those for automobiles, GMAC Insurance’s specialty RV coverage offers unique benefits designed to meet the particular needs of RVers. In addition, the company’s claims staff is expertly trained to manage specific RV-related issues.
“We recognize that an RV is more than just a big car, so we created insurance coverage to truly fit the way RVers live,” said Wade Bontrager, Vice President, RV Marketing, GMAC Insurance - Personal Lines. “In fact, we like to say our customer service and claims representatives ‘speak RV.’ Since consumers have limited options for purchasing specialty RV insurance from agents, we are excited to offer them the choice of our best-of-breed insurance.”
GMAC Insurance’s RV coverage2 offers exceptional features – some of which are entirely unique, such as Storage Coverage. Benefits include:
- Storage Coverage – An industry-exclusive feature that allows customers to save money by suspending collision and liability coverages during the months they are not using their RV. Comprehensive coverage stays in effect to protect against fire, storm, wind and theft. With only six months of Storage Coverage, customers can save an average of $350.
- Personal Contents Coverage – With a basic policy, personal belongings are automatically insured for their full replacement cost – not a depreciated amount – up to $3,000, at no extra cost. Additional coverage can be purchased.
- Replacement Cost Coverage3 – If an RV is totaled or stolen, this optional coverage provides full replacement cost – rather than just the depreciated value – for a comparable new RV, even if the customer is not the original owner.
- Full-timer Liability Coverage – Specifically designed for those who live in their RV full-time, this optional coverage is similar to homeowner’s insurance coverage for injuries in or around the RV, as well as for personal liability.
In addition to selling direct to consumers in 48 states, GMAC Insurance’s specialized RV coverage is now available through independent insurance agents representing GMAC Insurance in Arizona, Illinois, Ohio and Tennessee. The company plans to extend availability to agencies in additional states throughout 2007. For more information about GMAC Insurance’s RV coverage and to learn about potential discounts, call 877-468-3466 to find a local agent, or go to www.gmacinsurance.com.
The GMAC Insurance Group is one of the largest automobile insurers in the United States and is a wholly owned subsidiary of GMAC. GMAC Insurance Personal Lines offers a variety of property and casualty insurance products, including personal auto, RV, motorcycle, boat and commercial auto insurance. With a nationwide network of claims professionals, local independent agents and a 24-hour, toll-free claims hotline available 365 days a year, the GMAC Insurance Group provides superior claims service for its customers.
1Based on results from an independent study conducted by URI Information Services and Dr. James E. Fisher, St. Louis University.
2Eligibility, discounts and coverages may vary by state.
3If your RV is totaled or stolen (and not recovered) in its first five model years, we’ll replace it with a comparable new RV, even if you’re not the original owner. After the first five model years, we’ll pay your full original purchase price — not a depreciated amount — toward the purchase of the replacement RV. Replacement Cost Coverage must be purchased during the RV’s model year or within the following four years.