ParkCountry wrote:
msmith1199 wrote:
gemert wrote:
For 400 dollars a year that sounds like a great deal to me. Especially since you pay off your current and have money left over for a down payment. Keep it, I wish I could get it!
It's only a good deal if I actually have a total loss of the motorhome. Otherwise I'm just throwing $400 a year into the toilet. I'm counting on not having a total loss.
And THAT, sir, is why you purchase insurance coverage. I'll bet you wouldn't consider that "throwing money in the toilet" if you actually had a Total Loss!
You purchase insurance coverage to cover you against a loss. That is what I'm trying to do. Right now I'm paying for a policy that would give me a huge profit in the event of a loss. That sir, is not what you purchase insurance coverage for. I can buy lottery tickets to cover that.
