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Old 01-23-2015, 11:03 AM   #15
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Insuring an Airstream

Reading some of the posts, I note that others find the vagueness in this topic as well. Blue book I was told is no more and NADA is the only published valuation and it is what I have confirmed Progressive and national General uses. It is not stated in policies but rather stated as established value or some such.

You need to check your policy on the wording "what it would cost to replace" that is replacement value policy good for only up to five model years. Actual cash value is NOT replacement but simply what their referenced source says the market value is at the time of loss. Big difference. Actual cash value policies depreciate each month as does the value. Agreed value policies do not depreciate.
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Old 01-23-2015, 11:21 AM   #16
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First - go with the cheapest premium - and you'll get the royal runaround. They keep it cheap by underpaying, and dragging payments out.

Check the reputations with your state corporation commission, or with others who've been unlucky enough to NEED coverage.

Last - if your Airstream is totaled or stolen - simply SHOW them comparable units for sale (Right here on Airforums for starters) - and challenge them to negotiate and buy you an exact replacement unit - same year - trim level - options. A reputable dealer which sells lots of Airstreams can also tell the insurance companies what they'd pay or allow in trade to buy your Airstream and what their best price when selling would be. Depreciation does suck, but a lot less if you use comparables. (of course none of this applies to vintage restored units - for that write a letter to Jay Leno)

My negotiations went pretty smoothly - they started by mentioning NADA and I responded with "here's one for sale on Airforms that's just like mine except the color of the upholstery is different" - buy it for me at that price. Fortunately there were several 25 FB's for sale at the time... all of them higher priced than what was offered to me. The insurance company cut me a substantially higher check than was first offered. I was perfectly pleasant and it took about 3 minutest to get the whole thing resolved.

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Old 01-23-2015, 11:35 AM   #17
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What your experience went like Paula sounds great. What I am being told from my carrier when I mentioned current prices was that those prices cannot be used as it was asking price not value price and that is why they used NADA. This was two days ago with two different reps from National General. I got the same rhetoric from Met life and Progressive on actual cash value policies. I am really drilling them on scenarios and coverages and what is in writing.
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Old 01-28-2015, 11:32 AM   #18
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Ok now I am finished. I ended up with an agreed policy with FCIS through Nationwide. I will say that everyone should check their insurance. A few questions to ask are, how will value be determined if a total loss and what is the math involved in determining repair- what is the ceiling before totaling? In the previous policy I learned that I would've gotten around 11k of totaled and repair would only be considered if less than 80% of value. None of us want big premiums but we also do not want to walk away with nothing or very little if damaged. By the way the premium was about $20 more.
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Old 02-06-2015, 09:25 AM   #19
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I just saved $235.00 by switching to Blue Sky, had been with Good Sams on a 2015 23B. Better coverage as well.
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Old 02-06-2015, 09:41 AM   #20
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Pretty happy with Geico with multi account discount. Most of us I think keep our head in the sand when it comes to insurance. We must try and remember that insurance companies only goal is to collect premiums and avoid paying claims.
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Old 02-06-2015, 10:08 AM   #21
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Got my paperwork and read through it. Really interesting as the first part is a generic any kind policy per se defining terms etc and declaring. Then come the endorsements as in agreed value and how it changes the previous information. The difference? No depreciated value when considering loss once the value has been previously agreed and 2) the actual cash value becomes agreed value. This is the BIG difference that others have shared about and what I did NOT have previously.
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Old 02-06-2015, 10:20 AM   #22
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Thanks for making this post it is very helpful to me. Where does one get an estimated value?
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Old 02-06-2015, 10:43 AM   #23
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You are welcome Crispy Boy.

Value is the key word. Every company is different. If you own a unit 5 years or newer, you can get a replacement policy and value is determined by your receipt. They replace your unit with new or almost new I guess.

If you purchase a used unit older than five years of age and it is within 2-3 years since purchase, you can still use your receipt for value depending on the company for an agreed value policy.

Beyond that, you must obtain an appraisal to have value determined for agreed value or else get a standard coverage policy where value is elusive (every company I spoke with uses NADA) and ever depreciating.
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Old 02-15-2015, 11:40 AM   #24
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Does anyone have insurance coverage for their AS with USAA?
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Old 02-15-2015, 11:49 AM   #25
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Son used them. They seem to be ok. He had a blowout with major damage. They fixed it no hassle. We have the trailer now.


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Old 02-15-2015, 12:55 PM   #26
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Quote:
Originally Posted by clipper30 View Post
Does anyone have insurance coverage for their AS with USAA?
Yes, we do.

A little over $200 every six months. Same deductible as vehicles.
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Old 02-15-2015, 11:17 PM   #27
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I also have USAA. The policy is written by Progressive, obtained through a link on USAA's website. I'm in Florida, so I don't know if that is the case everywhere. My boat is with USAA directly but their boat insurance is now also with Progressive. I'm grandfathered in with USAA direct, but if I got a different boat, it would be insured through Progressive.

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Old 02-16-2015, 12:54 AM   #28
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Some things to think about beyond the cost of the premiums:

We were babes in the woods when our first Bambi was in an accident. We had to deal with 6 separate companies: our local insurance company (with whom we purchased the policy,) their RV insurance underwriter (the big company behind our local insurance,) the RV insurer's appraisal company (who sent out an appraiser to inspect the damage,) the RV insurance adjustor in a separate company (who handled claims for the insurance company,) and Airstream of Spokane as well as the main office in Ohio ( who finally came up with a second opinion appraisal.)

This took months to sort out. Namely because the appraiser and the claims adjustor itemized the damage (mostly) then priced it out according to an ordinary SOB, and then added another increment to account for our having an Airstream instead of a SOB. The appraiser apparently never went through AS to price out replacement parts, merely worked off of some type of standard RV price list.

Most of our dealings were with the insurance claims adjustor, and these were extensive, primarily because of their lowball estimates on repairs. Finally she agreed that we could get a second appraisal at our expense through AS of Spokane, and then it took them a while to get the quotes from the head office. Finally the adjustor and the underwriter agreed that the Bambi was totalled, and that we were owed replacement cost of our unit when it was new-- which was what our expensive insurance policy said we were paying for. And then the underwriter stalled for several weeks on mailing the check.

Our lessons learned where that:

1. it is worthwhile to get the pricier policy if it covers more. Finding a used unit like our 2005 16' International would have been really difficult, but our policy actually covered a new replacement. Since AS no longer makes this upgraded unit anymore, the insurer was OK with our comparable replacement being the new 19' Flying Cloud.

2. Be prepared for a very long hassle with the claims adjustor. Never mind that you could have been killed in the accident: his/her job is to keep the insurer's costs down.

3. Keep a detailed paper trail, starting with photos of the accident scene, police report, and including all correspondence with everyone.

We were fortunate that one of our neighbours owns the local RV service centre, and he was an excellent source of advice (and backbone) for not settling for less than our full entitlement.
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