The amount that you would pay in the event of a claim in order to have your risk (your RV) repaired or replaced or is deducted from a cast settlement. For example, if you have a $500 deductible and the covered repairs to your trailer cost $6500, you would pay $500 and the insurer would pay $6000. If you had a cash settlement and it would receive $15,000 for your motorhome, you’d only receive $14,500.
A reduction in the value of the risk (an RV) with the passage of time, generally due to wear and tear.
A building or fixture that is not permanently attached to the risk (your RV). This can include a building, garage, shed, deck, fence, shelter, or other similar types of structures.