NEED HELP INSURANCE PROBLEM
We are new to the RV World. a year ago we purchased a 38' 5th wheel camper. just a few weeks ago, during a storm, a tree fell on our camper. We had the insurance adjuster come out and he declared it t...
Forum Discussion
steelpony5555 wrote:
Some companies will insure your rig at a really low price so the premiums are low to get your business. I found this out last year when I realized my Montana was insured for $10k??????? Yep a $30k trailer insured for $10 and I owed $20k on it. Dropped them like a hot potato. And yes they had the cost of my rig brand new cause it still had the invoice in it so I could tell them the exact amount new. I went back to the Lizard. If they give you a rate that sounds too low to be real it probably isn't. I'll stay with national companies since I figure they don't want the hassles of folks coming back at them if they lie.
You, the Insured or Purchaser, have the ability to set the value of your product. The Ins. Co. has the right to accept this number or reject it. When you receive your policy, it states the amount of Insurance subject to certain stipulations. Did you not look at your Policy? Your Agent could have produced the "low ball" number or you provided that number to the Co.
