What is RPM Insurance? 3 Things You Should Know
When was the last time you checked on your car? If it’s safely parked in a garage you can be a sigh of relief but if your car is parked on a drive then you might worry that it gets damaged by other cars or pedestrians.
RPM insurance can give you peace of mind. But what is RPM insurance? And how exactly can it help you?
Here are 3 things you should know.
1. RPM Insurance Covers You For Scrapes By Other Cars
RPM insurance is for a motorist or car owner that cannot qualify for coverage on the normal marketplace? It covers damages caused by a covered car when another vehicle strikes your vehicle.
Put simply, if the insured car is involved in an accident that is covered, no fault, you can use your RPM insurance to pay the damages for the other person involved.
This is in terms of physical loss (vehicle damage, as well as things such as light poles and fire hydrants) as well as personal injury damages (medical expenses, pain and suffering, and lost wages).
Covered losses can include the damages done to your car, the liability of damages done to another vehicle or person, theft, medical expenses, rental cars, and more, depending on the selection of your coverage.
To help you decide whether to get RPM insurance you need a great RPM insurance and marketing agency to assist you like rpmleader.com.
2. RPM Can Cover Uninsured Vehicles
This can include drivers and passengers of another vehicle, pedestrians, and, in some cases, passengers of your own vehicle, where the insured vehicle is legally at fault.
In some cases, this also includes insurance coverage for uninsured motorists and at-fault drivers who do not have enough insurance to cover claims. However, you are best to also purchase renters insurance with RPM insurance.
Renters insurance is a small monthly cost that helps to cover things that are not covered by homeowners insurance. Rental property insurance does not cover personal belongings if there is damage caused by fire or water.
Tenants need to buy renters insurance to cover personal possessions. Rental property insurance provides liability and structural insurance to the house and its tenants.
From there, you should check with your usual car insurance brokers to find out if they offer some type of coverage alongside RPM in a package deal.
3. Personal Items Are Not Covered
Personal items are not covered under insurance, and they can actually harm your car when you transport it to its destination.
Here’s something to think about: not carrying renters insurance can put you at risk of litigation. Particularly, if you or someone else damages other people’s personal possessions. RPM home services can solve that issue.
For many landlords, the question of whether or not you need to require your tenants to carry RPM insurance if they park their car on the driveway has been contentious.
Adding a provision in your lease to require RPM insurance could save you lots of headaches if there is an emergency. Optional coverage that helps cover the costs of renting your car if the insured car is disabled in an accident or covered loss.
RPM Insurance Can Solve Problems
RPM insurance can solve many problems for drivers and is worth investing in. From covering you in scrapes from other drives, RMP can even cover you if someone damages your car whilst sitting on the driveway.
For more on RPM insurance, be sure to check out our site.
