|
10-03-2009, 03:02 PM
|
#1
|
2 Rivet Member
1988 29' Excella
Browns Mills
, New Jersey
Join Date: Sep 2009
Posts: 44
|
What did my 1988 29' Excella Cost New?
I received a strange request from my insurance company when I called to add it to my existing policy and I am having a hard time finding the answer. Their question was "what did your 1988 29foot Excella cost when it was new?" I have no idea, I can find some listed for sale now. Even when I searched the history I found a lot of information, but not the cost of if new. Any ideas??
|
|
|
10-03-2009, 03:26 PM
|
#2
|
Rivet Master
1971 25' Tradewind
1993 34' Excella
Currently Looking...
Estancia
, New Mexico
Join Date: Feb 2005
Posts: 7,743
|
Insurance companies often ask the new cost even if it is stoopid. They are following a script. Try to insure for "agreed value" and have them call someone or ask to speak to someone up the food chain. Not all insurance companies know what to do with an agreed value policy. Regular insurance policies take the purchase price and depreciate it over the age of the trailer. Your trailer may not be quite vintage enough for an agreed value policy. I donno.
__________________
Sail on silver girl. Sail on by. Your time has come to shine.
|
|
|
10-03-2009, 03:32 PM
|
#3
|
_
.
, .
Join Date: Dec 2004
Posts: 8,812
|
Quote:
Originally Posted by Sandi & Bob
I received a strange request from my insurance company...
|
this is really an INSURANCE thread/post, not a/s history... ( mod. note: just relocated it to the proper category )
and when a company want's the msrp for a 20 year old unit, u are likely buying the WRONG POLICY or coverage.
there are a many threads on this issue in the INSURANCE and PRICE sub forums...
the msrp for 20 years back is available, but only the original BUYER knows what was actually PAID for the unit.
so decide if you want 'agreed value' insurance or coverage for the current used/blue book type pricing.
IF there is a loan involved make sure the coverage COVERS the loan value.
the msrp will ONLY help them determine a current DEPRECIATED price, while charging YOU a premium based on a 20 year old figure.
IF you want coverage for the loan OR improvements OR what YOU perceive the value, get AGREED VALUE coverage.
cheers
2air'
__________________
all of the true things that i am about to tell you are shameless lies. l.b.j.
we are here on earth to fart around. don't let anybody tell you any different. k.v.
|
|
|
10-03-2009, 03:57 PM
|
#4
|
Moderator
Vintage Kin Owner
...
, ...
Join Date: Jul 2007
Posts: 11,696
|
Just my $0.02. I recently went throught the same girations last year. Here's my take, but by all means choose the path you feel best suits your needs.
Tell them what you value you want it insured for. The original purchase price is irrevelant in most cases. My prior agent (as in I dumped him) gave me this standard BS line about needing the original purchase price and could not justify the reason why when I questioned him about it. I contacted another agent with the same underwriter for a quote. He asked me several questions such as my purchase price, replacement value, and desired deductable. Then beat the #$*% out of the other guy's quote.
Points I pondered:
1. It's not realistic to expect someone to know the original purchase price of an older unit, and NADA values don't typically give a good representation of some market trends.
2. Say it cost $10,000 ten years ago, and now it's a rare, or highly desireable model worth considerably more than the original purchase price. Or worth substantially less than the original prurchase price. In either case you could end up significantly under/over insured.
It was worth another phone call in my case. I received more coverage and a better rate.
Regards,
Kevin
__________________
"One of the best lessons I've learned is that you don't worry about criticism from people you wouldn't seek advice from."
William C. Swinney
|
|
|
10-03-2009, 04:18 PM
|
#5
|
2 Rivet Member
1988 29' Excella
Browns Mills
, New Jersey
Join Date: Sep 2009
Posts: 44
|
Thanks for the quick responses. First of all I didn't know there was an insurance thread out there since we are new to the site, my apologies. But I really didn't ask for the insurance company, I danced around her question and we settled on a number. I really was interested in the history part of it. What did something like I have cost new???
|
|
|
10-03-2009, 04:23 PM
|
#6
|
Just an old timer...
2004 22' Interstate
Tipton
, Iowa
Join Date: Mar 2003
Posts: 4,766
|
I changed the title of your thread to more accurately reflect what the thread is about. This will aid in future searches.
Thanks!
Roger
__________________
havin' to fix my broken Airstreams since 1987...
AIR 2053 Current: 2004 Airstream Interstate "B-Van" T1N DODGE Sprinter
Former Airstreams: 1953 Flying Cloud, 1957 Overlander, 1961 Bambi, 1970 Safari Special, 1978 Argosy Minuet, 1985 325 Moho, 1994 Limited 34' Two-door, 1994 B190 "B-Van"
|
|
|
10-03-2009, 04:45 PM
|
#7
|
5 rivets, 1 loose screw
1966 20' Globetrotter
Saginaw County
, Michigan
Join Date: May 2002
Posts: 1,555
|
The NADA RV Guide lists the approximate price of the unit when it was brand new. They call it the “Suggested List” price.
The suggested list price of a 1988 29’ Excella, according to NADA, was $28,764.
__________________
Rog
May you camp where wind won’t hit you, where snakes won’t bite and bears won’t git you.
|
|
|
10-03-2009, 08:08 PM
|
#8
|
_
.
, .
Join Date: Dec 2004
Posts: 8,812
|
Quote:
Originally Posted by Rog0525
... The suggested list price of a 1988 29’ Excella, according to NADA, was $28,764.
|
so ~51,000$ in today's money, a bit less than a 28 or 30 now.
and thanks roger!
cheers
2air'
__________________
all of the true things that i am about to tell you are shameless lies. l.b.j.
we are here on earth to fart around. don't let anybody tell you any different. k.v.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
Recent Discussions |
|
|
|
|
|
|
|
|
|
|
|