RV insurance coverage
We just purchased a new 2013 class A motorhome. The finance guy told us to insure it for MSRP. Of course we did not pay MSRP for the coach. Why would we want to insure it for that? It drives up the c...
Forum Discussion
mmiille wrote:
So help me out. From NADA Guides, Say the suggested list price is $232,000. The high retail is $186,000. The low retail is $155,000. But the same model is advertised for $140,000 on line, which means you could probably get it for less. What would you set the value at?
We should insure for what it would cost to "make us whole" after a total lose.
None of the numbers you speak of matter for a hill of beans.
Some would be "made whole" receiving the current "value" of their motorhome.
Others would be most comfortable with "replacement cost"
And others with "we'll buy you a brand new one"
Note that total loses are few and far between.
Buy the coverage you need.
