RV insurance
I might have just bought an RV and I need insurance. The quotes I received are from r companies so far. Geico $1950 yr Progressive $3000 national interstate ...
Forum Discussion
WOW - there's a lot of info and opinion on this thread.
If you don't know much about insurance -- go find a reputable Independent Agent to assist you and tell him you want Collision/Comp & Liability coverage along with an awning endorsement at a minimum. If you can a write a check for $1000 any day of the year and not miss a meal, that should be your deductible.
If you feel comfortable hacking through the jungle of online insurance quotes then feel free to spend an entire day trying to figure out the different quotes. The more you learn about the different add-on coverages the better shopper you become. Collision & Comp will be some what similar across the companies. Liability will be very different as each company has a different stand on how much risk they are willing to assume. You do need awning coverage. You most likely do not need personal property coverage for you MH. Your homeowners policy will cover your personal property while on the road. (10% of Section C coverage on your HO policy) -- call your HO agent to get the exact figure. Mine is $16,500 of coverage and I'm comfortable assuming the risk for any overage.
There are interesting new wrinkles like paying a bit more but getting up to 25% of your deductible waived for each year of coverage without a claim.
Very Important -- ask about total loss coverage and how is the value of the MH determined? Ask if coverage on some items is subject to depreciation. For example, you're camping and a Florida thunderstorm comes up and causes a large limb to fall striking your A/C unit and it can't be fixed. Will your coverage allow for a new A/C unit or will the value of the A/C unit be adjusted due to its age? Some depreciated coverage will reduce the value of the A/C unit up to 75%. In other words, the insurance company will only pay 25% of the cost of a new unit and still charge you your comprehensive deductible, to boot.
Simply put, the more you learn the better your final decision will be. You CANNOT look at bottom line cost without looking at what is covered and how its covered.
Having said all that -- it came down to Allied and Blue Sky for me and I chose Blue Sky. But I know exactly what I bought and exactly what is covered so I don't ever expect to have an issue if/when I need them.
If you don't know much about insurance -- go find a reputable Independent Agent to assist you and tell him you want Collision/Comp & Liability coverage along with an awning endorsement at a minimum. If you can a write a check for $1000 any day of the year and not miss a meal, that should be your deductible.
If you feel comfortable hacking through the jungle of online insurance quotes then feel free to spend an entire day trying to figure out the different quotes. The more you learn about the different add-on coverages the better shopper you become. Collision & Comp will be some what similar across the companies. Liability will be very different as each company has a different stand on how much risk they are willing to assume. You do need awning coverage. You most likely do not need personal property coverage for you MH. Your homeowners policy will cover your personal property while on the road. (10% of Section C coverage on your HO policy) -- call your HO agent to get the exact figure. Mine is $16,500 of coverage and I'm comfortable assuming the risk for any overage.
There are interesting new wrinkles like paying a bit more but getting up to 25% of your deductible waived for each year of coverage without a claim.
Very Important -- ask about total loss coverage and how is the value of the MH determined? Ask if coverage on some items is subject to depreciation. For example, you're camping and a Florida thunderstorm comes up and causes a large limb to fall striking your A/C unit and it can't be fixed. Will your coverage allow for a new A/C unit or will the value of the A/C unit be adjusted due to its age? Some depreciated coverage will reduce the value of the A/C unit up to 75%. In other words, the insurance company will only pay 25% of the cost of a new unit and still charge you your comprehensive deductible, to boot.
Simply put, the more you learn the better your final decision will be. You CANNOT look at bottom line cost without looking at what is covered and how its covered.
Having said all that -- it came down to Allied and Blue Sky for me and I chose Blue Sky. But I know exactly what I bought and exactly what is covered so I don't ever expect to have an issue if/when I need them.
