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03-31-2014, 09:07 PM
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#1
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Member
Name: Tim
Trailer: Casita
Nebraska
Posts: 56
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Travel Trailer Insurance ???
Do most of the travel trailer owners purchase a separate policy on the trailer? Do some wing it and purchase none?
I'm primarily interested in covering liability but I would cover replacement of our 2007 Casita 17 SD if it isn't too costly to do so. My insurance company says they will add a travel trailer endorsement to my auto insurance for about $10 a month. It covers "replacement cost" of the trailer. They say "we agree to pay actual cash value". Should I be telling them to put a fixed value in there like $14,000 in the event of total loss (or something like that)? I understand insurance companies don't seem to know how to handle FG's.
How do you guys handle insurance?
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03-31-2014, 09:15 PM
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#2
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Senior Member
Trailer: 92 16 ft Scamp
Posts: 11,756
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Here in BC its not an option to not insure it, the trailer has to have its own plates and liability insurance as its only covered by the auto insurance when actually attached to the auto - with its own insurance should it roll down a hill from a campsite your covered. ;-) Its also not covered should it be lost or stolen from the home under the home owners insurance either.
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03-31-2014, 10:33 PM
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#3
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Senior Member
Trailer: Oliver
Posts: 713
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Just insured the new Oliver today. Just under $50.00/month, full replacement coverage. Contents will be covered on home policy.
__________________
Steve and Tali - Dogs: Rocky and our beloved Reacher, Storm, Maggie and Lucy (waiting at the Rainbow Bridge)
2008 Outlaw Oliver Legacy Elite & 2014 Outlaw Oliver Legacy Elite II
2022 Silverado High Country 3500HD Diesel 4x4
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03-31-2014, 11:14 PM
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#4
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Senior Member
Trailer: Escape 17 ft
Posts: 8,317
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$50 a month seems expensive. I paid $240 for the year, full replacement, liability, contents. My trailer is costs about half of an Oliver, but still....
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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04-01-2014, 04:45 AM
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#5
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Senior Member
Trailer: 1988 16 ft Scamp Deluxe
Posts: 25,707
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I've never insured my Scamp in all these years. It's parked safely at home, there's nothing inside worth anything and it would cost me maybe $150 to replace all the contents.
However, my new 5er will be fully insured until the tipping point... which is comfort level to not insured it. Frankly, I haven't even looked into cost to insure. Guess I'd better do that!
__________________
Donna D.
Ten Forward - 2014 Escape 5.0 TA
Double Yolk - 1988 16' Scamp Deluxe
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04-01-2014, 06:25 AM
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#6
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Senior Member
Name: Arlon
Trailer: 2002 Casita Bunk Delux
Texas
Posts: 149
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Quote:
Originally Posted by Donna D.
I've never insured my Scamp in all these years. It's parked safely at home, there's nothing inside worth anything and it would cost me maybe $150 to replace all the contents.
However, my new 5er will be fully insured until the tipping point... which is comfort level to not insured it. Frankly, I haven't even looked into cost to insure. Guess I'd better do that!
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It's not the trailer I'm worried about. I'm worried about that little old lady that just wants a look inside and then bust her head on the low door and falls out, breaking several bones when they land. They are old and frail, they don't survive the surgery and their children now own everything you did own..
My policy has decent liability limits as well as theft and such and only costs me $200/year. I would not move that trailer off my residential property without some liability insurance. I also carry a seperate personal liability policy that may cover it but for the cost and peace of mind I'll just stay double covered.
__________________
2002 Casita 17' Bunk Model Delux (replaced 28' 5th wheel)
2003 Dodge/Cummins quad cab (daily driver/tow vehicle of choice)
2005 AWD Astro Van/camper (my solo camper)
2006 Xterra MT (for sale)
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04-04-2014, 06:40 PM
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#7
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Senior Member
Trailer: 2009 Trillium 13 ft ('Homelet') / 2000 Subaru Outback
Posts: 2,222
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Would you not insure your car?
Trailers can do as much damage as a car.
Dangerous Trailers.org
__________________
A charter member of the Buffalo Plaid Brigade!
Whether you think you can or think you can't, you're right.
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04-05-2014, 08:35 AM
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#8
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Senior Member
Trailer: 2002 19 ft Scamp 19 ft 5th Wheel
Posts: 3,640
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Try the Good Sam Club for an insurance quote.
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04-05-2014, 09:39 AM
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#9
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Senior Member
Trailer: 92 16 ft Scamp
Posts: 11,756
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For those who don't insure their trailers what happens if the trailer is stolen or if your house goes up in smoke and the trailer goes with it?
I have dealt with two different home owners insurance companies in the time I have owned my trailer and neither of them would cover the loss of the trailer under the above conditions as they consider it a vehicle with a licence and as such it requires its own loss insurance.
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04-05-2014, 11:14 AM
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#11
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Senior Member
Name: Mike
Trailer: Bigfoot 17' DLX
Alaska
Posts: 384
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For me, Progressive was the cheapest. I pay less than $150.00/year to cover my Bigfoot. Granted, it's a 1989 and the replacement value is under $10K but when I shopped it around, Progressive had the best price for a policy. I can't say the same for my auto insurance, Progressive was high. But for the trailer, they came through.
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04-05-2014, 01:54 PM
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#12
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Senior Member
Trailer: Scamp 19 ft 5th Wheel
Posts: 1,861
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In Va. your tow vehicle liability covers your trailer while it is being towed but it does not cover damage to the trailer. Some people assume your homeowners ins. covers your trailer while in the yard but not so. In Va. if the trailer has a title and is licensed it is considered a motor vehicle and has to have its own insurance. If you go to this link http://www.fiberglassrv.com/forums/f...amp-63558.html and watch the first part of the video you will see a tree damaged trailer. This trailer was sitting in my yard at least 100 ft from any trees. A tornado came up a deposited a tree top across the back of the trailer. It was not insured and I got nothing from my homeowners Ins. Insurance for that trailer would have only been about $150 a year. BTW I had two trailers damaged in the same storm.
Eddie
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04-05-2014, 02:49 PM
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#13
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Senior Member
Trailer: 1972 Boler American and 1979 Trillium 4500
Posts: 5,141
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Quote:
Originally Posted by Burtim
... but I would cover replacement of our 2007 Casita 17 SD if it isn't too costly to do so. My insurance company says they will add a travel trailer endorsement to my auto insurance for about $10 a month. It covers "replacement cost" of the trailer. They say "we agree to pay actual cash value". Should I be telling them to put a fixed value in there like $14,000 in the event of total loss (or something like that)? I understand insurance companies don't seem to know how to handle FG's.
How do you guys handle insurance?
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Your trailer being a 2007 should not be that difficult to valuate. It won't depreciate as quickly as a stick built so you may want to stick with a fixed value. The "book value" will start to really vary as time goes on. That is part of the reason Greg created his site, to keep a record of current and historical values of FG trailers. Molded Fiberglass Trailers | Fiberglass RV's For Sale
After a while you will likely require appraisals to keep insurance at a set value, much like an antique car. Locally they are called special endorsement policies. There are threads that discuss insuring older and restored trailers.
For me, we have not appraised either of our 35+ year old trailers because the restorations are not complete. When they are finished, we will get them appraised and insured for the full value. In the interim, they are covered under our auto and home policies with lots of pictures of the work to date to document current value.
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04-05-2014, 08:20 PM
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#14
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Member
Name: Tim
Trailer: Casita
Nebraska
Posts: 56
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Wow. Lots of input. Seems like, for now, I should add it to my tow vehicle policy.
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04-07-2014, 06:43 PM
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#15
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Senior Member
Trailer: 1988 16 ft Scamp Deluxe
Posts: 25,707
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Quote:
Originally Posted by Carol H
For those who don't insure their trailers what happens if the trailer is stolen or if your house goes up in smoke and the trailer goes with it?
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Frankly, I'd be SOL. I believe it was Pete Dumbleton (RIP) that lead me down this non-insured path when he stated. At what point is the dollars to insure not worth it when you know what you paid and the replacement cost. I have five motor vehicles, four are at home. One is fully insured (daily driver) and one is covered for comprehesive only (off site), the rest.... I could spend major bucks on insurance every month, which is just a safety net. I choose not to YMMV. However, my new 5er will be fully insured until it too reaches that tipping point. Insurance costs are going up, just like everything.
As a single driver in the home, I've even talked to my insurance agent about covering my vehicles only for comprehension and covering ME for the liability. HA, like you can convince an insurance company to give a consumer a break.
__________________
Donna D.
Ten Forward - 2014 Escape 5.0 TA
Double Yolk - 1988 16' Scamp Deluxe
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04-07-2014, 06:47 PM
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#16
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Senior Member
Trailer: Escape 17 ft
Posts: 8,317
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Which is why I cancelled life insurance.
Depreciation of the insured and can't get replacement insurance.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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04-07-2014, 08:10 PM
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#17
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Senior Member
Trailer: 1988 16 ft Scamp Deluxe
Posts: 25,707
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Exactly Glenn. My death will never be a retirement plan for someone else. Insurance is a lot like the stock market. Plan your risks, take your chances.
__________________
Donna D.
Ten Forward - 2014 Escape 5.0 TA
Double Yolk - 1988 16' Scamp Deluxe
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04-07-2014, 08:12 PM
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#18
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Senior Member
Trailer: 92 16 ft Scamp
Posts: 11,756
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I understand Donna, I actually saved a couple of hundred in home insurance this year by self insuring two of the bikes in my home.
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04-13-2014, 12:32 PM
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#19
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Senior Member
Name: Russ
Trailer: Scamp 16' side dinette, Airstream Safari 19'
California
Posts: 588
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I insured my 2003 Scamp right after the purchase a couple of years ago. The premium isn't a lot, and I had forgotten about it being insured. After the awning being destroyed in Moab last year I called the insurance company to see if it was covered. They covered the loss which was about $1500.00! The liability side hasn't been tested yet.
Russ
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05-15-2014, 05:38 PM
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#20
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Junior Member
Name: Nate
Trailer: Scamp 13
Nevada
Posts: 8
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I added my 85' scamp onto my auto insurance policy with progressive. It's covered to $6000 with a $50 deductible. My premium only went up $38 per year, that's $3.16 per month. Well worth it in my opinion.
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