What's everyone doing for insurance. I am asking my insurance carrier to give Fiberglass like campers a discount.
They quote insurance coverage the same as it was a stick camper and will only cover up to NADA value.
Scamps do not deprecate like a box camper. Not much flammable in them.
Why should we pay high rates for a fiberglass camper.
The Scamps hold value much better than the NADA lists show, as a result you can never get what you have put into it. I’ve watched 20-year-old Scamps sell for as much as they were new.
I gave this a lot of thought recently as I was being escorted through an Idaho wildfire area.
I have spent well over $80,000 on my Scamp and tow vehicle. Best I could hope to get if all were lost would be 38 – 42,000.
I protect it from theft by parking so it is a lot of work to hook on and use a big chain. It also has a tracker hidden under the Refectix so that I can track it if stolen. (Remember, a TILE is not a tracker.)
At the recommendation of postings on this forum, I contacted the Good Sam insurance agency It seems they specialize in RV / Trailer insurance. I received a quote for replacement value coverage as follows.
Scamp 13' purchase price $16,500. $1,000 deductible. For 5 years, the policy will pay replacement cost for Scamp to build a new trailer with the same specs. For years 6-10, the policy will reimburse what I paid for the trailer (towards a new one or I assume as a settlement). The first year cost would be $263. This policy covers loss by collision or other than collision, $3,000 contents coverage, and $300K "RV vacation liability" that I take it covers you for claims related to your trailer (not sure what that might be but it's a cheap element of the quote). His example of collision coverage is I back my trailer into a car. Damage to that other car would be covered by the liability coverage on my car, but damage to my trailer would not (I think that is correct). Other than collision covers things like theft, fire, etc. just as it does on your auto policy. Seems like a pretty good deal to me. The insurer is National General I believe.
I offer this as a data point for others. As someone here pointed out, coverage and rates depend on state regs and where you live, driving record etc. This is for New Mexico.
Tom
I realized that I have some further explanation that was in the email sent with the quote.
As far as the RV-specific coverages, here is what I have included for you:
• Personal Effects coverage-this replaces your personal belongings up to the limit that you choose (the first $3000 is automatically built into the policy at no cost). Without this coverage, you have to file a claim on your homeowner’s policy, which would also require you to pay a deductible.
• Permanent Attachments-In the event of a covered loss, everything that is permanently attached is replaced for you-at replacement cost, not the depreciated actual cash value! (Awnings, satellites, ladders, generators, entire hitch assembly, etc.)
• Vacation Liability-Provides you with liability protection while your RV is parked. For example, if someone is injured on/around your RV while it is not being driven, and then tries to sue you, this will provide you with lawsuit protection.
I'm interested what people think about the trailer insurance coverage I quoted in the previous post.
Good Sam also offers an extended warranty that covers most things, it seems other than tires. It's a $500 deductible per shop visit (not per item) and costs about $140 per year. Scamp has a one year warranty but I believe the warranty on items like the stove, furnace, AC etc are through manufacturer warranty. That sounds like it could get complicated if sonething breaks.
thoughts?
tom
In the case of a furnace REPLACEMENT, it would cost less than the $640 cost of the first year and deductible.
Indeed, Kenneth. The $500 deductible seems quite high. Scamps seem pretty simple as compared to some trailers with slides and fancy equipment. In general I shy away from extended warranties. I did get one on my Outback because no one really knows how well the driver assist / electronic safety systems are going to hold up. As you point out, in this case even a fairly expensive item isn't much more than the deductible and premium. I like quite I got on overall coverage but am leaning against the warranty one. Thanks for your input.
The Good Sam insurance looks great to me. I have a 2013 13', paid $9200 used I think. Did some decorating, upgrades, very well-maintained and in excellent condition. I pay around $120 a year for full coverage. Our insurance company values RVs according to NADA. I think I could easily get at least $11,000 if I had to sell it (especially this past season!). If I totaled it? NADA value is around $3000!!!! I asked my agent if there were any way to cover it for its actual value and she said no. Better than nothing, but not much. I would go with the Good Sam coverage.
Rhonda Riebow
Thanks for that input. The replacement aspect really appeals to me. I'm going to check again with my auto insurer but I think they do the same as yours and work from depreciated value.
According to the law, the motorist can count on a refund of part of the premium when the insurance risk is terminated, not due to an insured event. In most cases, it is a loss or destruction of the car due to not insured circumstances. There are no deductibles or "deductions" in this case. In other cases, there is no refund. In any case, unless the contract or the rules do not specify otherwise. This is particularly possible concerning the sale of a vehicle. Formally, the risks are retained in this case because the machine is still in use. You should take a good look at the liberty mutual insurance review