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
justme wrote:
I think you will be surprised, if you talk to a reputable insurance agent or lawyer as to how a trailer should be insured as apposed to a motor vehicle. I cut my trailer insurance premiums significantly by clarifying and understanding the differences after getting educated my insurance agent.
I see this post has been resurrected and I am interested in your comment. I could call my agent but would like to hear what yours said first.
Called my Farm Bureau agent yesterday because my RV insurance with Good Sam (National Interstate) is due next month and has its first increase in several years. One year is about $100.00 less than Good Sam BUT coverage is for actual cash value. Good Sam, in the event of total loss, will pay my original purchase price.
I was asked what I estimated the value of my rig was and I said I had no idea. After a moment she gave me a value 1/2 the amount I paid for it. Doesn't surprise me as I know they depreciate quickly.
