|
01-31-2012, 01:34 PM
|
#1
|
Senior Member
Name: Dave and Shelly
Trailer: 2001 Spirit Deluxe Casita "New Name: Eggspensive"
Iowa
Posts: 378
|
Value when new...
My insurance agency is asking what the value of my 2001 17 foot casita was when it was new. Any ideas?
|
|
|
01-31-2012, 02:36 PM
|
#3
|
Senior Member
Trailer: 1982 Fiber Stream and 2001 Casita Spirit Deluxe (I'm down to 2!)
Posts: 1,989
|
Shelly
I have no idea but I imagine that Casita could tell you?
Ed
|
|
|
01-31-2012, 02:58 PM
|
#4
|
Senior Member
Trailer: 1988 16 ft Scamp Deluxe
Posts: 25,710
|
If you're putting insurance on it, make sure you ask for replacement insurance. Otherwise, if it's totaled (heaven forbid) your insurance company will use NADA pricing......
__________________
Donna D.
Ten Forward - 2014 Escape 5.0 TA
Double Yolk - 1988 16' Scamp Deluxe
|
|
|
01-31-2012, 03:02 PM
|
#5
|
Senior Member
Trailer: 1983 13 ft Scamp
Posts: 3,082
|
I insure my classic car with a term call agreed value. Which means if you say it's worth $8000.00 they have to give you $8000.00 if it gets totaled.
|
|
|
01-31-2012, 03:37 PM
|
#6
|
Senior Member
Name: Dave and Shelly
Trailer: 2001 Spirit Deluxe Casita "New Name: Eggspensive"
Iowa
Posts: 378
|
Thank you everyone, I will call casita and compare it to the calculator. Then suggest replacement value insurance. Thanks for you help!
|
|
|
02-01-2012, 02:22 PM
|
#7
|
Senior Member
Name: Dave and Shelly
Trailer: 2001 Spirit Deluxe Casita "New Name: Eggspensive"
Iowa
Posts: 378
|
The insurance people are telling me they have to go by the price it was when new, and depreciation and NADA. They don't do replacement insurance? I haven't thrown the term out there about the agreed value yet though.
|
|
|
02-01-2012, 02:49 PM
|
#8
|
Senior Member
Trailer: 1988 16 ft Scamp Deluxe
Posts: 25,710
|
Then, I'd find someone else to insure it. But, that's just me. Print off some of the ads of the same year and model as your trailer here. It's one of the reasons the archive is kept is to help people with insurance problems.
__________________
Donna D.
Ten Forward - 2014 Escape 5.0 TA
Double Yolk - 1988 16' Scamp Deluxe
|
|
|
02-01-2012, 05:56 PM
|
#9
|
Senior Member
Name: Dave
Trailer: ,Bigfoot 25 foot plus Surfside 14 foot
British Columbia
Posts: 1,148
|
Quote:
Originally Posted by Donna D.
Then, I'd find someone else to insure it.
|
As usual, I agree with Donna! There is NO WAY I'd allow ANY insurance company to tell me what the value of MY trailer is. To start with they won't even begin to give an assessment of value until AFTER it is in the claims process, and then - well, gee whiz - golly - who'd a thunkitt - its depreciated value is actually less than what you paid just for the new tires you put on it last year!
If they cannot give agreed-upon valuation, then you are NOT dealing with the right insurer!
Yes a higher valuation means higher annual insurance fees, but the object of insuring it in the first place is to protect yourself from unforeseen disasters!
|
|
|
02-01-2012, 06:41 PM
|
#10
|
Senior Member
Name: Dave and Shelly
Trailer: 2001 Spirit Deluxe Casita "New Name: Eggspensive"
Iowa
Posts: 378
|
I agree as well, i did talk to them about agreed value. They said it doesn't pay as well as replacement insurance but it is better than the other. She is still checking it out for me. Thank you guys for all your help. I may have to use the archives to show what things sold for. Will wait and see what tomorrow brings. Thanks again.
|
|
|
02-02-2012, 01:39 AM
|
#11
|
Senior Member
Name: Dave
Trailer: ,Bigfoot 25 foot plus Surfside 14 foot
British Columbia
Posts: 1,148
|
I guess that would depend on what the agreed-upon value actually is!
Obviously, you cannot set a value of multiple millions for it, even if you are willing to pay the ins premium for that valuation.
However, the agreed value should allow you to replace it without incurring financial loss to yourself. IE: Replacement cost and agreed value should mirror each other!
|
|
|
02-02-2012, 04:07 AM
|
#12
|
Senior Member
Name: Dave and Shelly
Trailer: 2001 Spirit Deluxe Casita "New Name: Eggspensive"
Iowa
Posts: 378
|
Yep
Quote:
Originally Posted by BCDave
I guess that would depend on what the agreed-upon value actually is!
Obviously, you cannot set a value of multiple millions for it, even if you are willing to pay the ins premium for that valuation.
However, the agreed value should allow you to replace it without incurring financial loss to yourself. IE: Replacement cost and agreed value should mirror each other!
|
Yes, though to me it is worth millions, somehow i don't think the insurance agency would agree.
|
|
|
02-02-2012, 08:24 AM
|
#13
|
Senior Member
Trailer: 1988 16 ft Scamp Deluxe
Posts: 25,710
|
The difference between replacement and agreed upon value is one changes every year the other does not.
__________________
Donna D.
Ten Forward - 2014 Escape 5.0 TA
Double Yolk - 1988 16' Scamp Deluxe
|
|
|
02-02-2012, 01:14 PM
|
#14
|
Senior Member
Name: Mark
Trailer: 1969 Boler (Flat Top)
British Columbia
Posts: 530
|
When I insured my Boler just recently (with ICBC, our mandatory government insurance monopoly) I was asked for what value I would like to insure it for. I was surprised but they let me pick and the rate was based on the value I placed on the trailer.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Discussions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Upcoming Events |
No events scheduled in the next 465 days.
|
|