RVnGO launches captive insurance company to cover RV rentals

Recreational vehicle (RV) rental company RVnGO has announced the launch of its own insurance company to provide auto-liability and property damage coverage for RV rentals booked on RVnGO.com.

“This is the most significant development for RVnGO in the last five years. We now provide coverage under our own insurance program, it is the completion of our vision for the business that has been years in the making,” said Paul Kacir, founder and chief executive of RVnGO.

The company said that for the RV renter (Guests), the new RVnGO captive insurance program gives them peace of mind — if an accident occurs, RVnGO is there to help. The new program keeps rental costs lower, with RVnGO launching its own insurance company and providing auto-liability and property damage coverage for RV rentals booked on RVnGO. RVnGO is a free RV rental platform, the company said in a release, saving the renter and owner money by not charging a percentage of the rental as a fee, nor do they charge the Hosts a fee, which is passed on to the Guest, like their competitors do, resulting in the same RV rental being half as expensive on RVnGO.

For the RV owners (Hosts), who rent their RV on RVnGO, this means a more streamlined insurance claims process, with faster responses and repair approval if the RV is damaged during the rental, RVnGO said. RVnGO’s new proprietary insurance is provided by their newly formed, financially A-rated insurance captive.

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