Is trailer insurance even worth it?

[Smoky]

Keeping in mind I only paid $2700 for my 1961 Avion but have made many improvements bringing the total value to about 5k in my opinion. I'm not naive enough to think a stated value in going to cover me if a claim occurs. So in my case to insure my 1961 avion I need an appraisal. This seems reasonable however I don't have the time or inclination to try to get a accurate appraisal. Even if I find an appraiser I doubt they would have any knowledge about the value of a vintage trailer. So my question comes down to this. Does anyone know of an insurance company that will take actual receipts instead of an appraisal? Why can't I give them a bill of sale, receipts for new appliances I installed like air conditioner, fridge, water heater. I could send images as well. Wouldn't this be a fair way to establish value?

In other words I don't want to buy insurance at a stated value and then during a claim have very little means to establish actual value. At this point I'm leaning for the no trailer insurance option. My truck insurance will handle liability while traveling. Don't get me wrong, I would love to have trailer insurance but the uncertainty on the fair valuation of my trailer and its contents along with steep deductibles almost isn't worth it in my case.

Is there insurance I can get just for personal items in my trailer?

[Inland RV Center, In]

Originally Posted by Smoky

Keeping in mind I only paid $2700 for my 1961 Avion but have made many improvements bringing the total value to about 5k in my opinion.
I'm not naive enough to think a stated value in going to cover me if a claim occurs. So in my case to insure my 1961 avion I need an appraisal.
This seems reasonable however I don't have the time or inclination to try to get a accurate appraisal. Even if I find an appraiser I doubt they would have any knowledge about the value of a vintage trailer. So my question comes down to this. Does anyone know of an insurance company that will take actual receipts instead of any appraisal? Why can't I give them a bill of sale, receipts for new appliances I installed like air conditioner, fridge, water heater. I could send images as well. Wouldn't this be a fair way to establish value?

In other words I don't want to buy insurance at an stated value and then during a claim have very little means to establish actual value. At this point I'm leaning for the no trailer insurance option. My truck insurance will handle liability while traveling. Don't get me wrong, I would love to have trailer insurance but I don't like dealing with loan sharks and even the deductable on personal items almost isn't worth it.

Is there insurance I can get just for personal items in my trailer?

Property insurance of any kind, has one purpose.

It covers what you cannot afford to lose. If you can afford the financial loss of something, without too much of a hurt, then insurance is a waste of money.

Your personal effects may be covered by your homowners insurance policy. Check with your agent.

Andy

[2airishuman]

Originally Posted by Smoky

... Is there insurance I can get ...

naturally the answer is yes.

shop like YOU mean it.
___________________

a travel trailer isn't just property and the t.v. insurance does NOT cover every issue related to disaster or liability...

for example,

--you just parked for a few days of quiet camping...

--unhooked and jacked and plugged into juice and water...

--while at the pay station your trailer rolls down a hill (unhitched)...

1. it pulls the wiring OUT of the post starting a fire at the site,

2. which quickly burns UP the trailers parked on either side...

3. and the tow vehicles

4. and the harley in your neighbors truck bed.

5. the water hose finally rips loose, but not b4 tripping the famous dancer camped next 2 ya and breaking both legs...

6. the ROLLING trailer gains speed and plows over 2 tents, killing the occupants and ruining their dinner.

7. now the trailer is OUT of the park and sliding down the highway...

8. toward a group of children taking a nap outside a school...

9. for the blind.
_____________________

like a HOUSE, rv policies can and should include liability coverage for humans that might visit you.

and unless YOU have READ the t.v. policy and ASKED QUESTIONS...

i'd wager there are MANY things not covered while towing.

of course YOU might have a 1-2 mil umbrella policy for personal liability and to protect assests...

but given u r here asking THIS question, that's not likely.
_____________________

agreed value insurance is EASY to obtain, basically like old/collectible car insurance for the VALUE of the nuts/bolts and upgrades...

the process of reaching that 'agreed value' varies by company, but isn't difficult will all insurance writers.

personal property INSIDE is typically covered up to a limit like 5k$ or 10k$...

and can be INCREASED to cover your rare velvet elvis collection of artwork...

and YOU DO WANT coverage if someone gets SICK...

eating that fried banana and peanut butter sandwich you just made them...
______________________

many threads on this topic, free for the reading...

Need Help with Vintage Insurance..

Airstream Insurance - what's the story?

Important Notice from State Farm!

Loans and Insurance

Insurance coverage for full value?

Irrate and looking for advice

read those AND the links inside.

oh wait, never mind it's an avion....

nothing dangerous EVER happens to those units.

cheers
2air'

[wkerfoot]

If you want an appraisal for the value of your vintage trailer, I know of two appraisers for vintage trailers and there are probably several more.

Both of them are Airstream owners, but then this is an Airstream list.

Bill

[Soyboy]

A bit off topic.....I carry it under my auto policy it was not very expensive to add it and it has good coverage (I went around the horn about it with my agent....no policy will protect you against everything). Of course I think everyone that owns property should carry an umbrella liability policy. They are VERY cheap compared to the coverage they can provide in nasty situations. JMHO

[sempi2]

Make sure that if you want coverage for the trailer /not jut liability/ you have some policy for the trailer. In most cases liability coverage extends from the tow vehicle to the trailer/ There would not be any insurance for the trailer itself.

[ZoominC6]

I'm in agreement with Soyboy. Adding the trailer to your auto policy is relatively inexpensive and if you have any net worth at all you should consider an umbrella policy to at least cover your net worth. It's cheap and in this society it's worth every penny. Check with your agent.

[ticki2]

Originally Posted by sempi2

Make sure that if you want coverage for the trailer /not jut liability/ you have some policy for the trailer. In most cases liability coverage extends from the tow vehicle to the trailer/ There would not be any insurance for the trailer itself.

To add to the above , HO policies do not cover damage to registered vehicles. You may also want to consider the replacement cost rather than what you have into it.

[moosetags]

I have had antique cars since high school, and have found that they are more easily insured for true value than are new vehicle. I have four antique vehicles with two different companies. Both of these companies specialize in vintage vehicle and boat insurance. I have had claims with both companies over the years. These claims were handles very quickly and to may satisfaction.

I don't know if they insure vintage trailers, but you might want to give then a try.

They are:

Haggerty Insurance in Traverse City, Michigan

JC Taylor Antique Auto Insurance in Upper Darby, Pennsylvania

They both have websites.

Brian

[Mikethefixit]

Our Trailer is Covered while towing and parked by the same co that carrys my Auto and Home Owners.
When I added it to the policy,I gained a unit discount,which actually lowered the premium on the whole policy.
I am also insured with a Michigan Co That being
AUTO OWNERS of Lansing,Mich
We have an Agreed Value on the Airstream.

[adonh]

I saw and add in the latest Blue Beret for farm & City Insurance services for their RV insurance. I went to their web site RV Advantage | FCIS Insurance - RV Insurance, Motor Home Insurance, Travel Trailer Insurance and requested an "agreed value" quote for my 1976 31' sovereign. They have now sent me a quote which looks reasonable on the value that I requested. I still have some questions and will need to look at the policy provisions but was wondering if anyone has any information on these guys and their Vintage RV insurance coverage.

Thanks

Don

[tallytwo1994]

Originally Posted by moosetags

I don't know if they insure vintage trailers, but you might want to give then a try.

They are:

Haggerty Insurance in Traverse City, Michigan

JC Taylor Antique Auto Insurance in Upper Darby, Pennsylvania

They both have websites.

Brian

I know of people who have insurance on vintage trailers with Haggerty, but they also have antique cars on the policy.

Progressive Insurance has provided very reasonable coverage for vintage trailers also.

It always helps lower the price if you have additional policies.

Carol

[Catman6]

Originally Posted by moosetags

Haggerty Insurance in Traverse City, Michigan

I've used Haggerty for my Classic cars in the past. They were easy to deal with and very reasonable on price.

[garry]

I think I paid $91 yr and when some thief damaged the door & destroyed the door lock the estimate was around $2500 for door & lock. Insurance paid no question asked about the value of a 30 yr old trailer. I think it was Nationwide.

Risk management is a subjective call you just never know what's going to happen down the road but for $91 it was a no brainer for me.