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Royal & SunAlliance, a British insurance company involved in specialty RV insurance since 1966, is going through a restructuring and is leaving the specialty RV insurance market, according an “open letter” from RV Alliance America (RVAA) to members of the Escapees RV Club.
The RVAA letter can be seen on the Escapees website, www.escapees.com, in the “What’s Hot” section.
RVAA has replaced Royal with offerings from National Interstate and Foremost Insurance Co., and it will continue to offer RVers policies from American Modern Home and Progressive, according to Kurt Meister, executive director of RVAA.
Concerning Royal, Meister reported, “Royal has begun a significant restructuring of their business in the United States. They have decided to discontinue writing new business and not to renew existing policies in most states. This includes RV, auto and umbrella policies we have placed with them.”
However, Meister wrote in his letter to Escapees members that RVAA has “met this challenge” and that its new panel of four insurance carriers offers “good options for Texas full-timers, bus owners and those of you who use your RV with light business use.
“Additionally, we are now able to offer additional personal liability coverage in the form of an ‘umbrella’ policy on a stand-alone policy basis regardless of whether you are currently an RVAA policyholder or not,” he said.
Meister noted that “rumors that RVAA is ‘going out of business’ or that it’s now ‘impossible to insure certain types of vehicles’ are nothing more than that – rumors. RVAA is still going strong as your Escapees-endorsed specialty RV insurance provider.”