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RV Rental Secrets
Insider Tips for Comprehensive RV Rental Insurance with Allie from MBA Insurance

Insider Tips for Comprehensive RV Rental Insurance with Allie from MBA Insurance

Welcome to another episode of the RV Rental Secrets Podcast! Today, we have a special guest, Allie from MBA Insurance, sharing valuable insights into RV rental insurance.

About MBA Insurance:

  • MBA Insurance, founded in 1978 and part of the Brown and Brown family since 2015, specializes in comprehensive vehicle rental insurance for recreational vehicles.

  • They cover a range of vehicles, including motorhomes, trailers, power sports like UTVs and ATVs, traditional motorcycles, trucks, vans, SUVs, and Jeeps.

Key Points from the Interview:

  1. In-House Management: MBA is a program administrator, handling everything in-house, from quoting to policy issuance, setting them apart from other agencies.

  2. Admitted Paper vs. ENS: MBA writes policies on admitted paper, providing more regulatory backing compared to the access and surplus (ENS) policies often found on peer-to-peer platforms.

  3. Seasonal Pricing and Flexibility: MBA offers seasonal pricing and flexibility to accommodate the off-season periods, aligning with the needs of RV rental business owners.

  4. Primary Coverage: MBA provides primary coverage, distinguishing itself from platforms offering secondary insurance, and ensuring prompt claims handling without seeking other sources first.

  5. Continuous Coverage: Unlike platform-based coverage that typically applies only during active rentals, MBA's coverage extends to times when the vehicle is not rented, providing peace of mind for owners.

  6. Types of Coverage: Allie emphasizes the importance of physical damage coverage, liability coverage during operation and rental, and general liability for premises if applicable.

  7. Exclusions and Limitations: Be aware of potential exclusions such as loss of use and interior damage. Understanding deductibles and having roadside assistance plans are also crucial.

  8. Claims Process: Proper documentation, including check-in and check-out forms or even videos, ensures a smooth claims process. Promptly educating renters on vehicle operation adds an extra layer of protection.

  9. Premiums and Billing: Premiums are issued on an annual basis, with monthly billing determined by factors like location, vehicle value, and fleet size.

Closing Thoughts:

Allie suggests discussing specific insurance needs with your agent, ensuring a clear understanding of coverage terms, limitations, and any seasonal adjustments.

How to Get a Quote:

Visit MBA Insurance's homepage and click on the "Get a Quote" button. Alternatively, reach out directly to Allie for personalized assistance.

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RV Rental Secrets
The ultimate podcast for aspiring entrepreneurs to learn how to successfully launch, grow, and manage a profitable RV rental business.