Consignment insurance
Anyone have experience selling an RV through one of the major consignment outfits? If so, how did you insure your vehicle while on consignment? Sounds like many of the companies exclude coverage for that.
Forum Discussion
14 Replies
- We payed around $15 for a rider on our insurance. We sold in one month through PPL Houston.
- At one time I lived in Madison, Wisconsin. I witnessed a consignment business declare bankruptcy, lock the gates, and all the vehicles on consignment instantly became the property of all the lien holders on the business. It didn't matter that the owner had the title, because in the agreement, you actually sign the rights to the vehicle over to them. It wasn't an RV business, and I'm sure there are many fine company's that do it, but be careful. I recall there we're over 30 Corvettes and an equal number of other vehicles lost. It really made an impression on me.
- Check with your agent, my policy remained in effect.
- Ah.....I could give you my opinion....OR you could ask your insurance agent for an email regarding coverage...yes or no. Your choice. Let me know.
