insurance question - Fiberglass RV


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Old 05-20-2016, 08:35 AM   #1
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Name: Jane
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insurance question

We will be picking up a used 2001 Casita tomorrow - 16ft Spirit Deluxe. Very excited and trying to get all our ducks in a row today. Insurance company told us that the liability is part of the tow vehicle so that is not an issue. Don't know any costs yet but just wondering about paying for collision / comprehensive and whether it is a good idea or not? Appreciate any thoughts / advice. Thanks in advance.
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Old 05-20-2016, 09:52 AM   #2
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Name: Lyle
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I got Collision/Comprehensive through State Farm. $78/year. As you said, liability while towing is part of tow vehicle coverage, liability while not towing is an extension of homeowners.

Seems like cheap cost for peace of mind if a tree fell on it or it was stolen.
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Old 05-20-2016, 11:36 AM   #3
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Comprehensive insurance coverage covers loss's caused "Act of God" situations such as Hail, storm, flying road debris glass breakage, theft & flood.

Collision insurance coverage covers accident damage loss's to YOUR trailer caused by YOU in an "At Fault" accident.

Answer this question given your own personal situation when deciding if you should buy "Comp & Collision" insurance coverage:

As CHEAP as both "Comp & Collision" insurance coverage is to purchase why would YOU want to accept the "Risk" of "Self Insuring" yourself and your trailer against these potential loss situations by NOT buying "Comp & Collision" coverage?

"I" can't think of any good reasons not to purchase "Comp & Collision" coverage on your trailer for as SMALL AMOUNT OF MONEY as the insurance company will you charge to assume these "Risks". That's what insurance does is transfer "Risk" of loss from YOU to the insurance company for fee.

Personally "I" think "Comp & Collision" insurance coverage on a RV trailer or any type of trailer is an absolute BARGAIN. "I" personally carry these coverage's on ALL my trailers including the RV/travel trailer.

Yes I have had a situation where I have filed a claim for these coverage's in the past. Covering that one loss alone paid for this coverage for YEARS to come!
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Old 05-21-2016, 08:57 AM   #4
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I think the real issue for molded fiberglass trailers is establishing value in the event of a total loss. If the trailer is near-new, it's pretty straightforward. But if it's older (like your Casita), and especially if it's a restored vintage unit, you may find that the insurance company's idea of its value is far, far less than what it would cost to replace it with something comparable.

Consider that it doesn't take much to total an RV. Even a minor collision or a falling tree branch often results in a write-off due to the lightweight construction and high cost of repair.

Print out the NADA or KBB value of your 2001 Casita, collect a file of recent classified ads for similar units, and have a chat with your agent.

There are agreed-value policies, typically based on an appraisal. Not all insurers offer them, and they are much more expensive. They are typically for folks who have invested significant money and time restoring an older trailer.
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Old 05-24-2016, 01:00 AM   #5
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Name: ChrisAnn
Trailer: 2004 Bigfoot 17CB
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When I talked to USAA today she asked what the trailer went for new (2004) I told her I have no idea but I could tell her the new ones go fo upwards of 40k. She asked what I am paying for it 14k for it she said they would insure it for 25k.
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Old 06-01-2016, 02:31 PM   #6
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Name: Teresa
Trailer: Casita
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Progressive does vintage policies that you set value

This is who I work through on a 1978 Avion

Matt Polsdofer
FCIS Insurance
641-585-2925 - office
1-800-331-1520 toll free
641-585-5166 - fax
http://www.fcisinsurance.com
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Old 06-01-2016, 04:32 PM   #7
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Quote:
Originally Posted by LyleB View Post
As you said, liability while towing is part of tow vehicle coverage, liability while not towing is an extension of homeowners.

PLEASE READ the fine print on all policies. The above is NOT TRUE of all insurance companies and/or in all states/provinces.

For example - one insurance company here does cover the trailer when attached to the tug but the other big insurance company does not!

My Homeowners policy does not cover the trailer when parked at home. It needs a separate insurance policy . Basically the Homeowners insurance policy position is if a vehicle or trailer legally requires registration and licence plate its not covered under a homeowners insurance policy.
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Old 06-08-2016, 06:52 PM   #8
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Name: Ken
Trailer: Scamp 13
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USAA Ins

My comp and collision trailer ins cost .72 cents a month with USAA ...
for 10K insurance ! woo hoo !!
Cordially
Ken
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Old 06-08-2016, 07:37 PM   #9
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Quote:
Originally Posted by Ken Max View Post
My comp and collision trailer ins cost .72 cents a month with USAA ...
for 10K insurance ! woo hoo !!
Cordially
Ken
And, what will they pay for total loss?
$1,200 ??
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Old 06-08-2016, 07:40 PM   #10
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Just hope no insurance totals an all-molded-towable using NADA. Pay attention!
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Old 06-09-2016, 04:29 PM   #11
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Name: Francois
Trailer: Bigfoot
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best advice....

is what Carol said : READ THE FINE PRINT!

insurance coverage is like strata rules (HOA rules in the states)...they are all over the map...

one important thing to remember is that insurance companies don't make money by collecting premiums...they make money by NOT paying out or underpaying claims!

My father was in the business. I have a very healthy distrust of the industry in general and have opted to self insure in one instance for a few years (trailersailor)

Happy motoring
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Old 06-09-2016, 05:26 PM   #12
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Quote:
Originally Posted by Ken Max View Post
My comp and collision trailer ins cost .72 cents a month with USAA ...
for 10K insurance ! woo hoo !!
Cordially
Ken
I would be reading the fine print on that insurance VERY VERY carefully.
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Old 06-09-2016, 05:34 PM   #13
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Never heard of an insurance company that operates as a charity.
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