How To Insure your 5th Wheel?
Hi, I've seem some horror stories pertaining to RV insurance. What ya'll doing for insuring your new 5ver? Any insurance companies to stay away from? Thanks, Bill
Forum Discussion
Our trailer coverage is an adder to our Farmers auto coverage. Very reasonable rates I think.
I do agree that one should shop rates around now and then. But I have to say that changing insurance always ends up being a big pain in the rear. Things like properly notifying lien holders, something always seems to fall through the cracks either by me, or the agent, or the bank.
And we always combine auto and home to get the discounts. So then you open up another can of worms with getting all the escrow accounts setup, proper payees, etc. You can end up with lapsed coverage, like we just went through with our earthquake insurance. Fortunately I got it corrected before the big one hit.
At some not too distant future, I think I will drop coverage on the fiver. It's a luxury item, its' paid for, we don't depend on it for a place to live, and as the value decreases at some point it stops making sense to cover it for replacement. I'm sure you all know that liability coverage comes automatically with your TV insurance. So you're really just insuring against loss of the asset.
I do agree that one should shop rates around now and then. But I have to say that changing insurance always ends up being a big pain in the rear. Things like properly notifying lien holders, something always seems to fall through the cracks either by me, or the agent, or the bank.
And we always combine auto and home to get the discounts. So then you open up another can of worms with getting all the escrow accounts setup, proper payees, etc. You can end up with lapsed coverage, like we just went through with our earthquake insurance. Fortunately I got it corrected before the big one hit.
At some not too distant future, I think I will drop coverage on the fiver. It's a luxury item, its' paid for, we don't depend on it for a place to live, and as the value decreases at some point it stops making sense to cover it for replacement. I'm sure you all know that liability coverage comes automatically with your TV insurance. So you're really just insuring against loss of the asset.
