Originally Posted by agreco
I am looking for this type of insurance as well Larry. I have a 77 trillium. Do you have car coverage with State Farm or just trailer? Yes I think 4000 is a bit low too replace that pod.
You've latched onto a thread from 2015, and Larry's last activity on the forum was in February of 2018.
There are three types of policies you can buy. The garden variety RV coverage is an actual cash value (ACV) policy. It pays the depreciated market value of the time of loss. The problem with molded trailers is that very few are sold
through dealers, so there is no data available regarding actual sale prices of used molded trailers. In lieu of data, KBB and NADA, which are used by insurance companies to determine ACV when there is a loss, take the MSRP and use depreciation formulas based on dealer sales of used conventional travel trailers. You will likely be offered a settlement far below what it would cost to buy a similar replacement.
A number of folks have been able to get insurance settlements closer to real-world prices by presenting comps (copies of classified ads for similar trailers). The burden of proof is on the insured, though, and no guarantees.
The second type of policy is a full replacement policy. It's only available for new units and buys a brand new trailer in the event of a loss during the first few years of ownership.
The third type of policy is an agreed-value policy. It is typically used for restored vintage units and requires a professional appraisal or receipts for work done to support the valuation at the time the policy is written.