Justifying the cost of a Travel Trailer
I have been thinking about getting a small travel trailer, less than 20 foot. It is just myself, don't need anything big and I can tow up to 3,500 lbs. I don't know if buying one would justify the...
Forum Discussion
SoundGuy wrote:Jay Coe wrote:
Insurance - buy an older trailer and you don't need it. I would never dream of wasting money to insure my $4500 TT, or my $3600 atv, or my $2500 snowmobile or the $2200 trailer it lives in. Nor do I carry full coverage on my $5000 Suburban or $3000 motorcycle.mountainkowboy wrote:
God help ya when one of your "toys" does damage to something or someone, not a gamble I'm willing to take.
REAL EASY way to lose everything you have......Jay Coe wrote:
Did you miss the sentence where I said I would rather have them and risk losing them than never have them at all? In the grand scheme of life it's a really tiny risk compared to so many other things that can F you over.
Chicken Little crying THE SKY IS FALLING! :R I too never carry comprehensive insurance on any toy worth $5K or less, only liability which may be required (which for recreational trailers here in Ontario it is not), reasoning that if I can't afford to lose a mere $5K then I shouldn't have that toy in the first place. In fact, now that I think about it one insurance company I've dealt with that specializes in recreational vehicle insurance won't even write a policy on a trailer worth less than $8000. A $30K trailer? - sure, I'd fully insure it, but a used 15 yr old trailer? - not a chance. And anytime it's hitched to my vehicle it's covered for liability under my truck insurance. Could a trailer parked on a campsite slip away and injure someone else? - sure, I guess it could BUT I take great pains to make sure the trailer is always secured properly. Thanks but no thanks, I insure my various belongings first as may be required by law, beyond that it's a judgement call as to whether full coverage for loss is worth the premium cost.
I guess you didn't read his post, but that doesn't surprise me? He states that he doesn't carry ANY insurance on his TT, ATV, or snowmobile and its trailer. If any of those cause any damage he can and will be taken to the cleaners for it. I pay $121.00 a year for my RV insurance, and it's covered no matter if it's on the truck or off.
