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06-08-2010, 12:18 PM
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#1
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Junior Member
Trailer: 2001 13 ft Scamp
Posts: 1
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I would like to insure my new (to me) 2001 Scamp, but my auto insurance company will only insure it for something like $1200, with a $500 deductible, since they said that is the book value of it. Needless to say, I paid a lot more for it! Does anyone have any suggestions for insurance for a fiberglass rv, or will I just have to suck it up and go with no insurance? Of course, liability extends to the trailer from the car, but nothing else.
Susan
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06-08-2010, 01:07 PM
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#2
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Junior Member
Trailer: 17 ft Casita Freedom Deluxe
Posts: 16
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Quote:
I would like to insure my new (to me) 2001 Scamp, but my auto insurance company will only insure it for something like $1200, with a $500 deductible, since they said that is the book value of it. Needless to say, I paid a lot more for it! Does anyone have any suggestions for insurance for a fiberglass rv, or will I just have to suck it up and go with no insurance? Of course, liability extends to the trailer from the car, but nothing else.
Susan
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Hi Susan,
We used State Farm at $145.00 for 6 months and then found USAA for $132.00 for 6 months, $500. deductable. When we took out insurance on our 2009 Casita, they (both Insurance Co.) asked us what we paid for it not what it's worth by Blue Book, even thou Blue Book does not do travel trailers or at least that is what I read on a website.
Hopefully this helps you out. Good Luck, Carmen
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06-08-2010, 01:07 PM
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#3
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Senior Member
Trailer: Boler 1300 1973
Posts: 114
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Imagine for my 1973 Boler
My Insurance company just asked me how much I paid for it, if I was to make any modification, and for how much I wanted to get it insured, they just establish the amount I have to pay them after in consequence.
They know about these things, it is like if a car insurance company would offer only 1200$ for a 1944 collection car because it is not in their book anymore, it doesn't make sens, go for another company.
__________________
Boler 1300 1973
Jeep Wrangler 2dr 2012
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06-08-2010, 04:50 PM
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#4
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Senior Member
Trailer: 2005 16 ft Scamp Side Dinette and 2005 Fleetwood (Coleman) Taos pop-up / 2004 Dodge Dakota QuadCab and 2008 Subaru Outback
Posts: 1,227
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I insured mine through Progressive, and they offer "agreed value" coverage where your payments are based on the value you agree to. If you don't pay the extra for the "agreed value" then you'll normally only get actual cash value (ACV) which is always lower than most people believe their camper is worth.
John
__________________
Dave (and Marilyn who is now watching from above)
Sharpsburg, GA
04 Dodge Dakota V-8, 17 Dodge Durango V-6, 19 Ford Ranger 2.3 Ecoboost
radar1-scamping.blogspot.com
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06-08-2010, 06:41 PM
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#5
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Member
Trailer: Escape 19 ft
Posts: 35
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Here's a fringe benefit from aging: if you're over 55 and a member of AARP, you can get insurance at a good rate from Hartford. Not only did they beat our car insurance company for insuring our cars, the cost of insuring our trailer was half ($200/yr. as opposed to $400/yr) of what our (now former ins. co - 21st Century) wanted to charge us. And that's for a new Escape 19. The deal would have been even better if we had been able to bundle in our homeowners, but Hartford won't insure houses in forested areas, like ours. Small bummer, but overall we're happy trailer campers.
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06-08-2010, 06:47 PM
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#6
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Senior Member
Trailer: 2008 Oliver Legacy Elite
Posts: 904
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Our insurance is thru Good Sam's (GMAC) and very reasonably priced. I don't know if this would be true if we hadn't bought our trailer new. We did, I think, have to send a copy of the invoice and bill of sale for verification, but they issued a binder over the phone on our way to the manufacturer for pickup, with a credit card.
Sherry
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06-08-2010, 09:20 PM
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#7
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Moderator
Trailer: Fiber Stream 1978 / Honda Odyssey LX 2003
Posts: 8,222
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Quote:
I would like to insure my new (to me) 2001 Scamp, but my auto insurance company will only insure it for something like $1200, with a $500 deductible, since they said that is the [b]book value of it.
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The "book" most places use is the NADA Guide. This publication uses the same algorithms as when valuing used cars, and they assume that trailers will depreciate in the same way.
The insurance issue is one reason we maintain a Sold Archive to use as a resource to set "stated value" for insurance purchases and claims.
__________________
Frederick - The Scaleman
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