Blue Book Value vs. Resale value - Fiberglass RV


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Old 06-07-2010, 03:30 PM   #1
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Dear Forum Members:

I am trying to insure my 1985 Boler 1300 Voyager and am trying to determine its value.

I am sure the present resale value is much higher than its Blue Book Value.

Does anyone know what the values may be it it is in Good condition. Blue Book vs. Resale $$

Thanks
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Old 06-07-2010, 05:24 PM   #2
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Hi Markz,
Try showing them this
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Old 06-08-2010, 12:33 AM   #3
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I don't think you can really insure (by that I mean actually collect) a resale value. Don't insurance companies only cover Blue Book (or less) amounts?

I have this impression due to a recent experience of having a 1973 Datsun truck stolen and then recovered, although damaged ("totaled"). Insurance paid only half of the amount that you see these trucks selling for. We get similar offerings for it regularly.

We recently bought a Scamp and when I added it to our policy I asked how they would determine it's value if there were a claim. I was told that it would be determined by a Blue Book like listing, and have no relation to the amount we paid for it. Also, they figure the insurance premium by how much one reports paying for the trailer, but that has no effect on what they'll pay out. I asked specifically about this. I researched only 21st Century Insurance.

Leata
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Old 06-16-2010, 10:32 PM   #4
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Quote:
I don't think you can really insure (by that I mean actually collect) a resale value. Don't insurance companies only cover Blue Book (or less) amounts?

I have this impression due to a recent experience of having a 1973 Datsun truck stolen and then recovered, although damaged ("totaled"). Insurance paid only half of the amount that you see these trucks selling for. We get similar offerings for it regularly.

We recently bought a Scamp and when I added it to our policy I asked how they would determine it's value if there were a claim. I was told that it would be determined by a Blue Book like listing, and have no relation to the amount we paid for it. Also, they figure the insurance premium by how much one reports paying for the trailer, but that has no effect on what they'll pay out. I asked specifically about this. I researched only 21st Century Insurance.

Leata
Thanks for the insight.
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Old 06-16-2010, 10:41 PM   #5
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Quote:
I don't think you can really insure (by that I mean actually collect) a resale value. Don't insurance companies only cover Blue Book (or less) amounts?
Not all insurance companies rely on the NADA guide alone. You have to search them out, but you can insure for "stated value" with some companies, in a similar fashion to insuring a collectible or piece of art. You have to do your homework, gathering comparables data that the agent will agree to. I doubt that 21st Century does this, I would inquire at Liberty Mutual since they sponsor Antiques Roadshow...
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Old 01-04-2011, 07:56 AM   #6
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We have to consider how the insurance company will rate our units 17' prices range from 5500 to 10500 depending on condition. Plus we tend to do reno's like we would do on our homes.
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