Insurance

[RoamingKat]

Oh geez.    This week I am told that my insurance company will not insure my rv for any value above the Kelley blue book….which for a 1989 Honeywell is $2,370.        Wow…that isn’t even half what the battery alone cost.

So…I called agents at just about every company…everyone is getting out of insuring these old RVs and conversions.   

They are telling me that I need a certified appraisal.    But, having talked to two companies (RV pricing and appraisal and RV pricing, appraisal and investigations) I learned that the certified appraisal doesn’t even look at the RV…but only comp sales and KB.    But, my situation is difficult because there just aren’t any old Honeywells out there to do comparison sales.     So, I cannot get a real appraisal.   It was the opinion of one agent that insurance companies are requiring certified appraisal because old restored RVs and converted cannot get them.  Insurance companies want out of the business.   He said he was getting a couple calls a day now from people in my same situation.   

I have talked to

   Allstate, State Farm, farmers, geico, progressive, RV direct, National General, Miller RV.   None of them are writing policies for old RVs

Condon and skelly isn’t wring policies for motor homes, neither is JC Taylor, haggerty, Grundy, or American classics. 

I am being told this abandonment of old restored RVs and even conversions (like Schoolies) is happening everywhere now.    Help.   Anyone have any idea where I can get insurance?

I currently have progressive…but like I said there are not writing for more than $2,370.    I would be better off to have no collision at all…then at least they wouldn’t total my rig for such a small sum.

Help.

[Wayne49]

Just get the minimal required Liability, forget about Comprehensive and Collision.

For any vehicles that I own outright, I never get more than the state DMV required Liability coverage.

Take a sum you can afford and put that away in a box each time you pay your insurance as an emergency fund.

When one is very conscious that there are no deep pockets standing behind one, one can become a very conscientious driver.

[sternwake]

Im also a Minimum liabilty guy, and would not have tht if it were not required by law.


AAA used.to try and get me to buy more, but its not registered as an RV.

[RoamerRV428]

agree with others. dump collision cost
I am also a minimal liability guy

and if you get 'whacked' in any way YOU FIGHT for your repair costs.

Now I can't remember coverage my parents had on my older Sunbird car but I got side hit by someone running a red light. they wanted to total the car for like $4k and my Dad got on their case saying hell no. repair. alot of exchanges but car got repaired etc. for like $5k and change and they paid it cause Dad was like, we are never going to get any decent car like the one I had for that crappy replacement total valule they stuck on it. I just remember it was a battle on that ins. claim LOL I don't know if a battle would work now in this day but never hurts to battle like crazy for what you need from them if your rv does get nailed in any way.

wishing you the best way forward!! times, they are absolutely a'changin' on every thing out there now.

[rvpopeye]

I always went with just liability...but I never insured anything that new either..
If there's a loan involved , just liability might not be an option.

If anyone is planning on being in this life fulltime . A "next rig" or emergrncy fund is a good idea to contribute that extra ins premium $ to instead. (Even if the next rig isn't on wheels...)

[Wayne49]

Correct, a loan requires Comp & Collision. One doesn't fully "own" the vehicle with a loan attached.

Pay it off as quick as one is able. Save the future interest charges on the loan and the C & C coverage.