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Old 09-19-2017, 07:18 AM   #15
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Carlisle , Pennsylvania
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Hi

One of the significant details about insurance is the state it's issued in. Moving from place to place over the years has taught me that what works in one state is impossible in another insurance wise. I've also seen a wide range of prices on same / same coverage (like from $186 to $1595) depending on the address on the policy.

Bob
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Old 09-19-2017, 09:06 AM   #16
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2008 25' Classic
Nixa , Missouri
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Since my last post we've gotten fulltime quotes from several insurance agencies for the popular SD and TX mail forwarding company addresses. This would be Box Elder and Madison in SD and Livingston, TX. The quotes we got were for insuring the 2015 Ram Cummins truck and our 2008 Classic 25fb.

Most seemed to want to use Progressive. However there were limitations on agreed value. I ended up choosing Epic Insurance in Sioux Falls, SD, the agent being Gina Shaver and is licensed for TX and SD.

Because of the popularity of SD for full timers insurance rates have increase faster there than in other locations as full timers start making claims. Between SD and TX the yearly rates were within $100-$150 of each other.

Another area of research for domicile was vehicle registration. SD has higher registration based on weight and wheel tax in most counties except for Pennington County, Box Elder, SD where America's Mailbox and Escapees is located. MyDakotaAddress in in Madison and imposes a $5 wheel tax or $40 on our two vehicles. Basically the registration costs in SD for a truck and travel trailer combo seem twice as high as in Texas. The annoyance of Texas is the safety inspection but its still renewable on line if your are out of state. You declare the vehicles are out of state an the online program allows you to continue.

I also checked on rates for Medigap insurance. SD seems a little cheaper on monthly premiums compared to Livingston, TX

In my research I found a mail forwarding company, TexasHomeBase, in Wichita Falls. The zip code generated a slightly better insurance rate than Livingston and SD zip codes. Same with Medigap insurance.

My plan for insuring the Airstream is probably use the appraisal value for the first year and subsequent years reduce the agreed value as the trailer depreciates. I also will carry $1000 deductibles on both vehicles, not carry the towing service/rental car features and will pay for the year up front. The truck and trailer are owned free and clear.

Kelvin
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Old 09-20-2017, 06:40 AM   #17
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Carlisle , Pennsylvania
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Hi

One thing that traditionally swung the rates between areas was the minimum required liability insurance. In addition a good agent might wisely suggest the state you just moved into actually had low minimums, but high awards in typical cases.

Since we tend to chug around the country, who knows where things might hit the fan. One solution to the issue is a blanket liability policy. For whatever strange reason, they aren't horribly expensive.

Bob
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Old 09-25-2017, 02:22 PM   #18
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I ended up signing up with Progressive in TX for the Ram and Airstream. I was going with a policy under National General and they will not insure agreed value in Texas despite my insurance agent working with them the last couple of weeks. They just announced this out of the blue. Nationwide will but I don't want to pay almost $3k a year for truck and Airstream for a $58k agreed value. Even $45k was over $2500. So I've decided I'll take on the extra risk and go with the best agreed value Progressive will offer for my 2008 Airstream, $33k. I just don't want to give any more money to insurance than I have to.


According to my insurance agent the insurance companies don't really like full timing insurance and costs expected to rise in the future or not offered. National General doesn't like Airstreams much due to the "loss ratios being atrocious". With the popularity of Airstreams the claims have gone up and the insurance companies don't like it.

Eventually the combination of insurance and state governments will force everyone to have a stick and brick of some sort.

Kelvin
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Old 09-26-2017, 09:12 AM   #19
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Hi

If you have a policy that *actually* covers $20K of loss and costs $800 a year, it's not insane for a policy that covers $60K of loss to cost you $2,400 a year (or more). This is yet another gotcha as we all pop off about "my insurance is cheaper than yours". There are always layers and layers to the details.

Some (many...) trailers have a useful life of 10 years before they begin to rot out. Look around the campground for the people with tarps over their roof's ... Those trailers also are priced accordingly. An insurance company likely has a *lot* more customers with those trailers compared to AS trailers. Running the numbers, yes, the AS is different. They may make a business decision to go with the majority.

There's also the issue that it is hard to do "minor" damage to an AS in an accident. The magic aluminum that we all love the look of is not cheap. The same factory that we all visit from time to time (don't we ...) is the sole source for most of those parts. A pretty minor scrape can nuke a bunch of panels to the "time to replace" level. Body putty and a bit of spray paint ....not so much with an AS.

The ultimate gotcha is that you never really know how good your policy is until disaster strikes. By then it's a bit late to fiddle the terms of the policy. No two disasters are ever quite the same. Comparing my disaster to yours may still not fully answer all the questions.

Insurance is good to have. Counting on it to "make you whole" is never a good idea. If it does (and sometimes that happens) you done good. If it doesn't, you likely saved a bunch of money on premiums over the years.

Bob
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Old 09-29-2017, 04:05 PM   #20
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Quote:
Originally Posted by KJRitchie View Post
I ended up signing up with Progressive in TX for the Ram and Airstream. I was going with a policy under National General and they will not insure agreed value in Texas despite my insurance agent working with them the last couple of weeks. They just announced this out of the blue. Nationwide will but I don't want to pay almost $3k a year for truck and Airstream for a $58k agreed value. Even $45k was over $2500. So I've decided I'll take on the extra risk and go with the best agreed value Progressive will offer for my 2008 Airstream, $33k. I just don't want to give any more money to insurance than I have to.


According to my insurance agent the insurance companies don't really like full timing insurance and costs expected to rise in the future or not offered. National General doesn't like Airstreams much due to the "loss ratios being atrocious". With the popularity of Airstreams the claims have gone up and the insurance companies don't like it.

Eventually the combination of insurance and state governments will force everyone to have a stick and brick of some sort.

Kelvin

Just read an article a few days ago that insurance rates are going to skyrocket in Texas due to the hurricane. Just FYI.
I have also been debating between the two and because of this I think I’ve been swayed back to SD. I was going to go Texas and had decided prior to the hurricanes as I’m leaving in January for FT.
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Old 09-29-2017, 04:21 PM   #21
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We will have to evaluate this time next year. If we have to change our domicile to SD our agent is licensed for both states. My agent said Tx authorized a rate increase in August.
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Old 09-30-2017, 08:49 AM   #22
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Hi

Rates anywhere are based on multiple things. One of them is how many losses that area sees. Out in the middle of nowhere (sorry South Dakota) there aren't a lot of losses. As a bunch of people register there for insurance, they aren't just driving on the empty back roads. Losses go up to some sort of national average .... insurance costs go up as well.

Bob
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Old 09-30-2017, 03:33 PM   #23
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My agent said full timer insurance in SD has gone up over the years due a lot of full timers starting to have claims. Between TX and SD the rates were close.
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Old 10-02-2017, 09:06 AM   #24
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What about Florida??

Thanks for the great discussion guys and gals, but who has experience with insurance for us Florida domicile wannabes? I really would prefer an agent to talk to rather than emailing back and forth, does anyone have any suggestions for an agent in Florida who is knowledgeable about Airstream and TV insurance?
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