Insurance

I have been looking at Insurance for the wildcat. Does anyone have the GMAC insurance offered through Good Sam??? They offer a reduction in the rate for the times when the Wildcat is parked at the house. How does this work??

Greg

State Farm is all I know about. Question is what they would cover while parked. Also how does that work when you haul it down to the RV. I pay 211 a year 500 dollar deductible with trailer replacement.

If your trailer is parked at your home, then it should be covered by your homeowners insurance. I don't know if homeowners insurance covers a trailer if it is parked in a storage facility or at the trailer service garage.

I think we have it all covered. We have trailer insurance, homeowners insurance, and car/truck insurance.

We sustained a lot of damage underneath the trailer when we had a blowout. Our insurance company covered the entire cost of the repairs, except the $500 deductible. Discount Tire covered the deductible.

Tater

I was told that my homeowners will NOT cover the WC at all, no matter where I park it. It will cover your personal property that you have in or about the trailer. I have AllState ins. it is 221.00$ with 250.00 deductible. So the trailer has to have its own insurance.

Hmmm. I have read in other forums that homeowners insurance will cover it at home.... it IS one of your possessions. Maybe it depends on the insurance company. Since we have trailer insurance, we don't worry about it.

Tater

mines with gilbert rv insurance, 314 a yr, I see I need to shop around or it could be the length of mine ? I know there was a discount for having it under a carport.

Port, I have state farm for everything else, but Gilbert was cheaper than statefarm when I was pricing the two.

State Farm, as far as I know, is the same way. That WC is another vehicle.

I called my agent today, he told me in Calif. it is not covered at your home, but that is in Calif., Texas it might be so.

I was stating something I read in another trailer forum. Not sure what our insurance covers. I'm really sorry I gave wrong information. Please forgive.

It might only be personal possessions that are IN the trailer that are insured. I know there was some reason why we took out the trailer insurance - possibly to be sure it was covered in all situtations.

Tater

We have Good Sam/GMAC insurance for the Cat. We pay 170 for 12 months of non storage. If in storage the rate drops to 80 for a 12 month period. This is with 250 deductible. The billing process is a little confusing.. Storage insurance does not contain the collision component since it is not being towed. Storage, or non storage must be declared via phone for a period of at least 30 days. The insurance policy is then recalculated, based on the storage/nonstorage activity. You then will be billed, or refunded based on an annual prorated amount. It works, but is confusing.

We usually have our Cat in storage for about 5 months in the winter. I don't try to mess with changing in the summner as I want to be ready to roll when the chance occurs.

Other caveots include full replacement of the unit for the first 5 years if totaled or stolen, and original cost replacement value for the unit after 5 years of age.

I visited with my State Farm agent and was encouraged to switch as they were not able to compete with the plan at at this time. My homeowners, umbrella liability and vehicle insusrance are still with State Farm. The interesting thing is that liability while towing is attached to the pickup, and is part of state farm responsibility.

Gary - U are correct and that is an interesting way of doing things. It is the same way with trailer registration in California. All the weight of the trailer is in the truck registration unless U have a special plate.

That storage bit just seems to be a pain. We store out trailer at home. We are both retired. We decide on Thursday we are leaving in 2 days for a week does not appear to work with what you have posted. I pay 211 with 500 dollar and the little extra I pay seems to be worth it so I can leave at any time.

If any of you remember my introduction pics you will have seen I am well versed in RV insurance and was darn glad I had it!

I also have State Farm and after the wreck on a scale of 1-10 I'll give them about a 7... on the tow vehicle they settled right up with a fair offer based on NADA guidelines. On the TT not so much they did Fair market evaluations for a value on the TT. it was the first time we had towed with it and I took a pretty good hit on it! I argued with them for three weeks about evaluations and finally just threw in the towell on a compromised offer...

The way it was for me is that anything that is registerable requires its own policy against loss or damage... Liability falls on the tow vehicles insurance, and any damage to the contents falls under your home owners insurance we had all three...
A totall loss on the Suburban and the Keystone trailer...we had an 1100 dollar claim againt our home owners policy for lost belongings and a liability claim for damaged guardrail on the interstate...

I am intrigued about the Good Sam GMAC insurance, I think the vehicle replacement is a good feature... we owed very little on our rigs so we came out ok in the end but if we had a big note on either we would not be back in an RV...

I'll say this... I will NEVER scimp on Insurance again...it stinks payin it but when you need it...Oh boy...

Tim - Value of trailer is my biggest concern. Last time I looked NADA did not list the 30RLBS. I just can not get FR to post it.

Portagie1968 wrote:Tim - Value of trailer is my biggest concern. Last time I looked NADA did not list the 30RLBS. I just can not get FR to post it.

Dan hate to say it but be concerned...cause like I was sayin State Farm wil not go by NADA for RV evaluations...

They(state farm) have an independant evaluation company (I forget the name now but I saw it on my paperwork) check for sales of the same units...so lets say if they find ten comparibles that sold for an average of 15000 thats what they will offer you...minus various deductions for conditions and options or lack of. So you can see where that could get you... RV's are being given away in this economy...BTW there is no such thing as above average condition as far as they are concerned...even though my Passport was brand new first tow...2 grand was nocked off for condition...average. I thought it was kind of cheap to be honest.

The problem I had was the first time they looked for comparables they were in Ohio and Indianna. thats all they could find. The issue is, prices vary wildly from state to state area to area...No way was that price accurate here in NH and Maine...I fought for three weeks before settleing.

So if you own your rig outright and its valued high you'll have a good start on a new one, but if your upside down in a loan (ha ha upside down like me in my suburban) you could loose big time. luckily I bought my keystone as a leftover and basically stole it...If I paid retail I'd have been @#$% I had a great start on my Wildcat...

Just something to think about, a policy that may cost a slight bit more but pay a full replacement cost is something I'm looking into.

Thank you. I think I have replacement cost. Have to check.

I am with Tim on replacement value concerns. My switch from State Farm saved me $150 without the storage savings and also gives me the full replacement value for the first 5 years of trailer life, and then replacement value is original purchase price, not a blue book calculation or independent appraiser estimate.

I have replacement value on my home with State Farm, but that was not available on the RV.

We are going to seriously think of switching to the Good Sam/GMAC insurance - before we go on our next trailer trip.

Tater

Tim - My trailer should be paid off next year so I am wondering if I will switch or not. With the Good Lord as out pilot and DW/Me as copilots I think we will wait and see what the rest of this year and the up coming year has in store for us. RVing time for us is something we luv by father time (age) has different ideas especially for me. I do not know what the future holds, not going to worry about it and I am hoping I can get 8 more years before it is time for the rocker on the front porch of some motel. What a drag it is getting old.

Well Dan I hope you get MANY more than that...

Sounds like your in a good position being almost paid off and most likely you will never need to put the INS. to the test...

And you said the key words..."dont worry about it" just be prepared thats all...If we worried about every potential outcome in life we would all stay home and weave baskets or build card houses...

No offence to basket weavers or card house buliders...you have your place in the world to

Oh and BTW been meaning to ask... is that you on that John deer tricycle of death! cause if it is, I dont want to hear about any limitations imposed by age

Nope. We about 1/4 that size. I would like to make that John Deer though. DW is in pretty good shape. The old man is a vet that is 80 percent disabled and 100 percent unemployable. Now before U dream up a picture of a man that is bedridden I get my 80 from many injuries and ailments. They have a weird formula only know by the need to know that takes all theses owies and comes up with this. As Mr. Walsh says we just take it one day at a time.

Well I got an email back from Oregon that shows how much disconnect appears to be running around the woods up there.

From FR rep.
"Ok so this is what I am told NADA will not list everything we have because we have too many different models and change to often so they combine us with California’s.
So what you do is go to Nada find the closes model to what you have with the options you have and that is how you get your value."


Which is Horse manure because WC is not mixed with California's. Also talked to NADA and they will list it if FR gives the info. So if I go to a 30LSWB low book is about 20,000. Not bad if I can get it.

Also got this which is very interesting.

Due to Corporate wide changes we are experiencing some delays in our department.
Our normal 3-5 business day turnaround is now 7-10 business days till further notice. We do apologize for the inconvenience and will strive hard to get the service time back on track.

This thread has me thinking about my insurance - or maybe lack of. I went to the Good Sam website and looked up a local agent. I called them looking for a quote through Good Sam. So I gave my info., agent called back with a quote from Foremost instead of Good Sam. Has anybody heard of them? The quote was very high compared to my current carrier.

If I were you jsk, I'd call Good Sam and let them know an agent who is supposed to be representing them is quoting for another company even though you asked for Good Sam. That is ethically and probably legally wrong.

Portagie1968 wrote: So if I go to a 30LSWB low book is about 20,000. Not bad if I can get it.

Dan Just wanted to throw this out again... Remember, State Farm DOES NOT go by NADA!!!

At least that is what happenened in my case...even if they were to list your cat, its all for not.

They will pin a value on your rig based on what other units have sold for...

Only making the point again so you dont pin a value for your rig on NADA numbers... cause if they see that they have been selling for less than NADA value than thats what your going to get...

I wonder if thats a nation wide rule it seems like INS laws vary wildely across the country...you should call your agent and find out about that, I'd be curious to know...If they went by NADA on mine I would have been so much better off after the wreck...

Helps me know how I stand. SF same here. Also, on line there is a dealer that is selling a 2006 with less options for 16ooo plus some. So if I was to get 17000 when wrecked I would take it and run. Almost has much as I paid new.

The think I do not like is all the upgrades and mods are lost in time as far as adding to the cost.

THEHIWAYMAN (aka Tim) wrote:

Portagie1968 wrote: So if I go to a 30LSWB low book is about 20,000. Not bad if I can get it.

Dan Just wanted to throw this out again... Remember, State Farm DOES NOT go by NADA!!!

At least that is what happenened in my case...even if they were to list your cat, its all for not.

They will pin a value on your rig based on what other units have sold for...

Only making the point again so you dont pin a value for your rig on NADA numbers... cause if they see that they have been selling for less than NADA value than thats what your going to get...

I wonder if thats a nation wide rule it seems like INS laws vary wildely across the country...you should call your agent and find out about that, I'd be curious to know...If they went by NADA on mine I would have been so much better off after the wreck...

Tim u think u will switch.

[/quote]

They will pin a value on your rig based on what other units have sold for...

Only making the point again so you dont pin a value for your rig on NADA numbers... cause if they see that they have been selling for less than NADA value than thats what your going to get...

I wonder if thats a nation wide rule it seems like INS laws vary wildely across the country...you should call your agent and find out about that, I'd be curious to know...If they went by NADA on mine I would have been so much better off after the wreck...[/quote]

What I learned this week. I live in NC. I do not have the option of full replacement cost only actual cash value and if I have a claim for personal effects it must be filed against my homeowners first. If my homeowners is exhausted then the trailer ins. kicks in.
FYI - I have called Good Sam and Progressive and they are both around $125/yr cheaper than my current carrier with more options including roadside asst.. They both told me they use NADA, what unit sales for at a dealer, and what they are auctioned off at (did not know they were auctioned) to determine value.

Doesn't seems fair, my Cat insurance will cost 2/3 of my truck insurance but I'll only use the trailer a fraction of that time.
D