Free 7 Day Trial RV GPS App RV Trip Planner Campground Reviews RV Maintenance Free 7 Day Trial ×
 


Reply
 
Thread Tools Search this Thread Display Modes
 
Old 02-03-2019, 12:51 PM   #21
Master of Universe
 
Gene's Avatar
 
2008 25' Safari FB SE
Grand Junction , Colorado
Join Date: Sep 2007
Posts: 12,111
NADA values are also low for cars and trucks and when you are trading in a vehicle, dealers will show you the NADA values. I show them Edmunds and Kelly's Blue Book's values which are generally higher as well as newspaper ads (theirs are best). When I checked the NADA value for my Airstream it was about 40% of what I got for it when I sold it. I had two buyers at the same time, so I should have asked for a bit more.

NADA is a dealers' organization and simply does what dealers want. If you buy a used car from them, they won't show you the NADA book.

Banks loaning on an RV probably know very little about them and getting used vehicle values on RV's requires a lot of research. Just looking at NADA is easy—RV loans are a small part of their business. Insurance companies have more experience with RV's, but they only want premiums and do not want to pay damages so they will use NADA. It often requires fighting with all of them to get what you deserve.
__________________
Gene

The Airstream is sold; a 2016 Nash 24M replaced it.
Gene is offline   Reply With Quote
Old 02-03-2019, 03:16 PM   #22
2 Rivet Member
 
1997 25' Safari
mastic beach , New York
Join Date: Oct 2014
Posts: 55
I use AARP's insurance, The Hartford. I told them what the trailer was worth over the phone, '97 Safari, added $2,000.- and they gave me a quote. No hassles.

There was a roughly $10,000.- claim for bodywork for the replacement of 3 outside panels the insurance company took care of, no problem. They did come in a little lower than the AS dealer wanted but the insurance co. quickly came up with the right amount.

Mike
__________________
Quote: "I'M AGAINST THE MAN WHO SKINS THE LAND"
Teddy Roosevelt
pond is offline   Reply With Quote
Old 02-04-2019, 08:14 AM   #23
4 Rivet Member
 
2017 20' Flying Cloud
Williamson County , Texas
Join Date: Apr 2017
Posts: 373
Images: 1
This topic drifted a bit, so I will just add my relevant insurance experience. We have a policy with Allstate, and the coverage is $77,000 for replacement of our 2017 20' FC FB if totaled. I asked about how they determine that since we paid $61,000 +tax/lic. Apparently the policy will buy a new replacement because it is a recent year model and reducing our coverage to what we paid would not save that much anyway. Imagine we will have to review the terms every year to see exactly what the coverage is.
SYC2Vette is offline   Reply With Quote
Old 02-04-2019, 02:32 PM   #24
4 Rivet Member
 
Native143's Avatar
 
2013 20' Flying Cloud
2014 16' Sport
Dunedin , Florida
Join Date: Dec 2014
Posts: 251
Images: 1
I bought my 2013 20' FC BAmbi for $44,400 last year. It is insured for $59,000 replacement value.!
__________________
"All good things are wild and free."Henry David Thoreau

WBCCI #12814
Florida Unit #027, Suncoast Unit #129, Region 3
Save
Native143 is offline   Reply With Quote
Old 03-17-2019, 06:31 PM   #25
2 Rivet Member
 
2018 27' Flying Cloud
Carnation , Washington
Join Date: Feb 2012
Posts: 24
Given none of us put any faith in the NADA, KBB, or Edmunds numbers then what is an acceptable means of estimating modern trailer values for models 2010 and newer?

I completely agree that appraisal services are the right course for vintage trailers or establishing value for insurance policies, but before contracting for such a service what is the current thinking around pricing or depreciation?
Timberock is offline   Reply With Quote
Old 03-18-2019, 08:51 AM   #26
3 Rivet Member
Commercial Member
 
SilverPal2's Avatar
 
1954 22' Flying Cloud
2017 30' Classic
Currently Looking...
Ojai , CA
Join Date: Jan 2008
Posts: 128
Send a message via ICQ to SilverPal2
I appraise as many modern trailers as Vintage. I continue to work with the JD Powers folks who own NADA however their primary interest will always be Automobiles. Please feel free to give me a call, I can help with many questions with a brief phone call.
James Polk ASA PE 805 646 7293
jamespolk@polkvaluations.com
__________________
Jim
WBCCI 261 AirForums 24539
JamesPolk@PolkValuations.com
Accredited Appraisal Firm www.PolkAssociates-LLC.com
SilverPal2 is offline   Reply With Quote
Old 03-18-2019, 04:38 PM   #27
Master of Universe
 
Gene's Avatar
 
2008 25' Safari FB SE
Grand Junction , Colorado
Join Date: Sep 2007
Posts: 12,111
When we sold our Airstream, I checked what people were asking on the Forum. You can see like trailers tend to cluster around a price point and when they sell, you can get an idea what yours is worth. You can also check listings of trailers for sale by dealers, especially the larger ones. Those may be inflated considerably compared to what people actually pay. However, convincing an insurance company is another thing. I suspect insurers will accept dealer prices more often than the asking prices on the Forum.
__________________
Gene

The Airstream is sold; a 2016 Nash 24M replaced it.
Gene is offline   Reply With Quote
Old 07-09-2020, 12:32 PM   #28
Rivet Master
 
2014 20' Flying Cloud
Long Island , New York
Join Date: Jun 2015
Posts: 15,716
Quote:
Originally Posted by pond View Post
I use AARP's insurance, The Hartford. I told them what the trailer was worth over the phone, '97 Safari, added $2,000.- and they gave me a quote. No hassles.

There was a roughly $10,000.- claim for bodywork for the replacement of 3 outside panels the insurance company took care of, no problem. They did come in a little lower than the AS dealer wanted but the insurance co. quickly came up with the right amount.

Mike
Mike are you still happy with your AARP Hartford insurance? If you feel like it, could also please comment in this new thread:

https://www.airforums.com/forums/f35...ce-210979.html

Thanks,
__________________
Let the music lift you up . . .
Have a little pun in life . . .
Peter
OTRA15 is offline   Reply With Quote
Old 07-09-2020, 02:08 PM   #29
Rivet Master
 
1976 31' Sovereign
Oswego , Illinois
Join Date: Jan 2007
Posts: 1,916
Blog Entries: 1
I hope that Allstate rv ins is better than home owners. Last fall our area had severe hail damage roofs and sides all were damaged. All homes were fixed except very few by Allstate, claimed not enough damage to fix even tho you could see heavy dents in sidings and shingles large pock marks even some missing.
featherbedder is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
NADA and book values Endl 2005 and newer - Bambi all models 4 05-23-2018 12:11 PM
NADA Values vs. Asking price kyleice Trailer Values 39 08-01-2016 12:29 PM
NADA values real? toot Trailer Values 27 04-16-2016 08:08 PM
NADA Values NautiDuck Trailer Values 7 07-13-2010 12:42 AM
Are NADA values accurate any more? Garfield Trailer Values 21 10-17-2007 03:35 PM


Featured Campgrounds

Reviews provided by

Disclaimer:

This website is not affiliated with or endorsed by the Airstream, Inc. or any of its affiliates. Airstream is a registered trademark of Airstream Inc. All rights reserved. Airstream trademark used under license to Social Knowledge LLC.



All times are GMT -6. The time now is 07:31 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.