RV Totaled
Just found out that insurance co. will total our 5'er due to major damage suffered from an encounter with a pot hole. (Okla. roads are terrible!) How will they come up with amount we'll receive? NADA ...
Forum Discussion
RoyB wrote:
The worse thing that happens is the payoff won't be as much as you owe on it and you cant get around that. Now you are paying for something you don't have to use and that isn't a fun idea.
You can most likely purchase the trailer back at a small cost and maybe you can fix it up and get back on the road that way. It will however have a "TOTALED" title from then on... Some finance companies like STATE FARM and others offer full pay-off insurance for cases like this called "GAP INSURANCE"... kinda neat to have if your RV Trailer gets totaled...
just my thoughts
Roy Ken
Quite a presumption on your part! You do NOT know how much the OP owes, if anything, on his unit!
