5th wheel insurence
I know this topic has mentioned before but I would like to get some of your opinions. Our 5th wheel is now 8 years old and we just got our yearly ins bill. This year it jumpe $85 more. We called our ...
Forum Discussion
Likes to tow wrote:
The value of RV's decreases very rapidly each year. Try to trade one in or sell it! You should be able to find the "true market value" of yours by asking a dealer and insure for only that amount. If you paid say $50k for it new then why should you be insuring it for that 5 years down the road when it's actual value would be say $25k. If it becomes destroyed the insurance company will try to give you $20k!!!!
You can purchase insurance that will pay you replacement cost for a number of years. Not sure but it could go as long as 5 to 7 years.
