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Old 02-24-2016, 05:20 PM   #1
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1993 30' Excella
Pueblo , Colorado
Join Date: Nov 2014
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Insuring your Airstream

I have had my 1990 30' Excella insured this past year with an Agreed Value policy with Allied insurance Co. (Now owned by Nationwide) My Agreed value (Appraised) was $17,400.00. and my annual premium was $398.00. I just received my renewal notice and it jumped to $685.00. for 2016, an almost 100% increase. I have contacted Allied but have gotten no reason as to why. All they will say is that the actuaries make those decision. Not sure how this will affect others.
Does anyone know of other insurance underwriters who issue Agreed Value policies?
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Old 02-24-2016, 05:25 PM   #2
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They are trying to re-capture the acquisition costs as quickly as possible?
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Old 02-24-2016, 06:34 PM   #3
1977 31' Excella 500
 
1977 31' Excella 500
Dallas , Texas
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A common practice in the insurance industry is the "buy" the business model. They get you in the door and adjust the premium to market, or higher. It's really a business development strategy, but your premium jump is significant and must have been an actuarial, underwriting error that they corrected. Shop it. Try Progressive.
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Old 02-26-2016, 08:55 PM   #4
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Fort Collins , Colorado
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I had a similar bump from them, but Progressive wanted even more ...
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