Insurance declared value of used motor home
Has the pandemic affected the price of used motorhomes for sale any? I'm currently changing insurance companies on my 2016 diesel motor home due to $990 increase on current policy for renewal and the...
Forum Discussion
Maybe State Farm is different. My Corvette(1975 30k miles) is fully covered ACV. BUT, I had to prove and show what its stated value is NOW. My premiums reflect the stated value which the premium is more than if I had a junky old 1975 corvette with lots of miles and wear and tear, that right now book value is around $7500. I would suppose that you can insure a Motorhome for a ACV, but you need to show the Company what it is worth BEFORE you have a claim. AND, your premiums will reflect the ACV if it is higher than just a regular model you own. It probably all boils down to your claim history on your previous years and your driving record. Clean record, you probably will get a good deal. Doug
