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 new company's declaration page shows ACV for collision and comprehensive, which is to be expected on used vehicles. But then in ( ) they show "not to exceed $402,000 which is about the original price when new. And I know they aren't going to pay that in case of total destruction.
Since NADA shows about $253,000 and a couple for sale on internet lists $239,000 and $249,000 is it possible the new premium is probably way over stated anyway?
Wanted to check on information and suggestions here before jumping back on insurance company for over rating my coverage. Even at that they are still over $800 less than my maturing policy but maybe could still be more difference if priced correctly.
I'm currently changing insurance companies on my 2016 diesel motor home due to $990 increase on current policy for renewal and the new company's declaration page shows ACV for collision and comprehensive, which is to be expected on used vehicles. But then in ( ) they show "not to exceed $402,000 which is about the original price when new. And I know they aren't going to pay that in case of total destruction.
Since NADA shows about $253,000 and a couple for sale on internet lists $239,000 and $249,000 is it possible the new premium is probably way over stated anyway?
Wanted to check on information and suggestions here before jumping back on insurance company for over rating my coverage. Even at that they are still over $800 less than my maturing policy but maybe could still be more difference if priced correctly.
