A deductible is an amount of money which, in the event of a covered loss, you are required to pay prior to the insurer being liable for any damages. The purpose of a deductible is to eliminate the expense of processing small claims.

Is it better to have a higher or a lower deductible?  This is a question that is often asked, and the answer can be different for everyone.  The answer boils down to the amount that you are willing to pay for your auto insurance policy, and the amount you are willing to pay out of pocket to repair your vehicle. 

Often, those that carry a low deductible live in a more congested area where the probability of an accident is much higher. Carrying a lower deductible can mean that you will have a higher premium for the overall plan.   You may want to elect to have a lower deductible if you have been in many accidents or live in an area where you are more likely to be involved in an accident, such as a large city. 

Carrying a higher deductible will result in having a lower premium for your policy.  Drivers may want to have a higher deductible if they have not been in an accident, or live in an area where being in an accident is less likely.  People who drive or live in rural areas may carry a higher deductible to reduce the overall cost of the premium.

When it comes to choosing which scenario to consider, you should review your past driving record and consult with an insurance professional.  For more information or to receive a free quote, please contact a PoliSeek Insurance specialist or call 866-540-7335.

Buying an RV is an investment for your vacationing future.  People say that RVing is a way of life.  It’s a lifestyle that many don’t understand unless they actually experience it themselves.  The sense of freedom that is felt from traveling the country in an RV is enjoyed by thousands every year.

If you decide to buy an RV, it is important that you have insurance.  Aside from standard insurance policies for RVs, you might want to consider additional Purchase Price Protection.   Purchase Price Protection coverage is usually available for vehicles that are less than 10 model years old.  The policy will protect the price you paid for the vehicle in the event of a total loss.  Unlike other policies that give you what it is worth at the time a claim is made, this policy will give you added comfort knowing that if something happens to your RV, you will be protected and will likely have the opportunity to buy another one of equal value.  In this sense, you don’t have to worry about the depreciation of the vehicle. 

This is just one coverage that PoliSeek offers for you to protect your RV.  For a full listing of other coverages, please visit https://www.poliseek.com/rv.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein.  No warranty or appropriateness for a specific purpose is expressed or implied.