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Old 01-13-2016, 01:25 PM   #1
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2005 28' Classic
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Time to renew insurance - HELP!

Last year my insurance company charged me $117 - this year they want $521!

So, I've been doing research....First of all I'm told (by an agent that represents several RV insurance companies) that if the rig is 5 yrs old or less, and has a total loss, the insurance co. will reimburse what you paid for it. That does not apply in my case with a 2005. In my case, with a total loss, with standard insurance, the ins. co. will start with low NADA, which is $13,800 and start subtracting from there (for what I don't know?) having their appraiser look at it.

To replace my trailer with a comparable, clean, barely used 2005 28' Wide Body Classic Airstream would cost more than double what the insurance companies are willing to reimburse - maybe even close to triple!

Now there is the possibility of doing what they refer to as "Agreed Value" insurance where I would supply a copy of my bill of sale, and they would agree it's worth that. However, not all insurance companies will do agreed value, and the one (Allied) that I could find for a reasonable price, has restrictions I'm not willing to put up with, for example, they won't cover awning replacement or damage under any circumstances because awnings are the most common item to have a problem with - so why would I not want my awning covered by insurance? They also won't cover what they refer to as "glass". The agent refuses to put anything in writing and will not respond to emails to answer my questions, he just calls me and gives me "lip service", which makes me very uncomfortable. Do I go to court when something isn't covered and say "the agent told me on the phone....." that wouldn't hold up.

Now, I'm back to square one thinking that I'm going to have to settle for insurance that will only reimburse me alittle more than 1/3 what my rig is worth if there is a total loss, or deal with insurance that doesn't cover the basics - glass and awning! At this point, I'm frustrated and just don't know what to do! HELP!
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Old 01-13-2016, 01:41 PM   #2
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I used to really get angry about insurance until I finally accepted that insurance is not really for making claims; it is for a total loss. That applies to your home, trailer, cars, and anything else. Make claims and they raise your rates or cancel you.
Now with that said, you just have to decide how much you want to pay for coverage and whether that is replacement cost depreciated or agreed upon value. Your quote is close to all of the quotes I have received; I have found Nationwide to be the lowest for me.
Larry
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Old 01-13-2016, 01:49 PM   #3
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My Allied policy does not exclude awnings nor windows and is Agreed Value. The Comprehensive portion went up about $100 this year.

Like Larry says...would I make a claim for $1000....NO. Deductible is 500, so I get dropped or premium slammed for them paying $500???? I probably wouldn't claim $1500 damage.

I did make a $3700 claim to another company back in 2010 on the AS. That company paid well, minus $500 deduct and were happy to double my premium the next year....so I said bye-bye.
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Old 01-15-2016, 04:49 PM   #4
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I don't know why Allied will not cover awnings or glass, maybe that is something new, but I did confirm it with my agent. I called Nationwide and they will not do agreed value unless the vehicle was purchased within the last 13 months. 13.5 months in my case, but they will not make an exception. Nationwide will only do low NADA, which, again is only $13,800. Starting tomorrow we are uninsured. I have no idea what to do.
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Old 01-15-2016, 05:23 PM   #5
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Progressive will do agreed value, but $521 may not be that far out of line. Call/log on to Progressive and get a quote.

Al
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Old 01-15-2016, 05:43 PM   #6
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Trailer insurance is not legally required in ANY state, unlike motor vehicle insurance. So you don't have to quit using your trailer if it's uninsured— unlike a motorhome that requires insurance to be street-legal.

That means you can take your time and shop around for the best coverage available for the price you're willing to pay. The risk associated with having your trailer uninsured for a few days— or a couple of weeks— is relatively small as long as you exercise a modicum of care with it, so don't get too stressed.
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Old 01-15-2016, 09:54 PM   #7
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Time to renew insurance - HELP!

Quote:
Originally Posted by Protagonist View Post
Trailer insurance is not legally required in ANY state, unlike motor vehicle insurance. So you don't have to quit using your trailer if it's uninsured— unlike a motorhome that requires insurance to be street-legal.

Reference please for the no trailer insurance required part.
Thx!
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Old 01-15-2016, 10:45 PM   #8
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Originally Posted by nrgtrakr View Post
Reference please for the no trailer insurance required part.
Trailer Insurance | DMV.org
and Trailer Insurance: Is It Really Required?

There are at least two exceptions I'm aware of:
1 - Commercial trailers usually must be insured so if your Airstream has been converted to a food cart, it probably needs to be insured.
2 - If the trailer is financed, the finance company can require you to insure it, to cover their butts if you wreck it.
But for a recreational trailer that is fully paid for, you don't have to insure it if you don't want to.

Ultimately your own State's Department of Motor Vehicles is the final authority, so don't take my word for it. Check with them.
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Old 01-15-2016, 11:26 PM   #9
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My insurance is having more then 1 trailer. If I wreck I can go home and get another to use. It's been this way for 15 years and I figure I have saved enough to afford to lose one.
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Old 01-15-2016, 11:57 PM   #10
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What Protagonist has told you is true. In reality, your trailer insurance is only for physical damage (collision and comprehensive - i.e. fire, theft, vandalism, tree falls on it, etc.), and is not required in any state that I know of (check yours, to be sure - Cali has some strange laws...!). Required liability insurance - coverage for bodily injury and property damage that you cause to others - is part of the personal automobile policy that you have on your tow vehicle - and automatically extends to any non-commercial trailer hitched thereto. As pointed out above, think of trailer insurance as a catastrophic coverage, not a maintenance policy.
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Old 01-16-2016, 09:51 AM   #11
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The quotes I've gotten for agreed value are around $275.00, but that was before I knew that my bill of sale had to be less than 13 months old. National General (Good Sam) will insure for NADA replacement value ($13,800) for $148/yr. I'm beginning to think that getting something rather than nothing is the way to go. One big concern I have about being uninsured is running into a hail storm!
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Old 01-16-2016, 10:02 AM   #12
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Quote:
Originally Posted by Protagonist View Post
Trailer Insurance | DMV.org
and Trailer Insurance: Is It Really Required?

There are at least two exceptions I'm aware of:
1 - Commercial trailers usually must be insured so if your Airstream has been converted to a food cart, it probably needs to be insured.
2 - If the trailer is financed, the finance company can require you to insure it, to cover their butts if you wreck it.
But for a recreational trailer that is fully paid for, you don't have to insure it if you don't want to.

Ultimately your own State's Department of Motor Vehicles is the final authority, so don't take my word for it. Check with them.

Thanks!
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Old 01-16-2016, 11:47 AM   #13
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Insurance

Insurance began as an innovative way to reduce extraordinary risks, like sailing to America to pick up some spices. It has slowly morphed into what is now the biggest scam ever. It is essentially like Bernie Madoff times 10,000!
Life is full of risks. Don't be afraid to live with them. Just have a stash of money that is yours to cover some emergencies. Look who owns EVERYTHING! Big insurance. They own Donald Trump because they own the banks that own Donald Trump. Stop feeding the monster!!!
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Old 01-16-2016, 11:52 AM   #14
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TT insurance

Quote:
Originally Posted by CJ Winch View Post
The quotes I've gotten for agreed value are around $275.00, but that was before I knew that my bill of sale had to be less than 13 months old. National General (Good Sam) will insure for NADA replacement value ($13,800) for $148/yr. I'm beginning to think that getting something rather than nothing is the way to go. One big concern I have about being uninsured is running into a hail storm!
National General also returns partial premium when you winterize and you still maintain coverage.
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