What is RTO Payment Assurance?
Although it's not traditional insurance, if your building were to be completely destroyed, you would get a new model for free...with no deductible. This applies only to the building and proof of loss is required. Personal contents are not covered.
How long does the coverage last?
There are 3 plans available for a one time cost. A 3 year plan is $108. 4 year plan is $120. There is a 5 year plus plan for $220. This plan also covers labor to replace things like hinges, broken windows, etc., and also includes a one time building re-level. You are only responsible for the material cost. Be sure to ask your dealer for more details.
Can I get this coverage when paying cash?
All plans can be purchased no mater how you finance the building. With Rent-to-Own, it's already included in the monthly payment. This protects you and the rental company. Even if you pay off the building early, your coverage remains for the rest of the term. You can upgrade to the 5 year plus plan on either the 36 or 48 month contract.
Do I still need actual insurance?
Yes! This only covers the building if it is completely destroyed, it does not cover the contents.
Is it worth it?
We'll let you decide, but with no deductible for a replacement building, and a building re-level starting at a minimum of $200, we think the choice is simple.