Purchase a hail damaged rig?

sch911 wrote:
It would most likely have a Salvage Title. Which is not going to be insurable but if in decent shape could still be viable. But it would have to be a really low price for me to get in that game.

I always get a kick out of folks on this forum doting on the "need" to "insure" a TRAILER.

None of the 50 States "REQUIRE" insurance of any kind on a trailer (IE bumper pull RV, 5Vr RV, flat bed, enclosed cargo trailers)..

ONLY THE BANKS REQUIRE INSURANCE ON TRAILERS IF THEY ARE LOANING MONEY FOR ONE TO BUY IT..

IF the OP was to manage to get a good enough deal on it and be able to pay CASH (IE NO LOAN) then they do not need to be concerned about any insurance on said trailer.

Granted, they would not have replacement coverage when not hooked up to a vehicle.. BUT, so what.. If they got it cheap enough and it is lost stolen or burns to the ground they simply would not have any "payout" from the insurance co, no need if no loan..

RVs are a depreciating asset and as time goes on, you get LESS coverage from insurance but yet you WILL continue to pay the insurance co the same and in most cases MORE every year..

BUT keep in mind IF they bought a NEW UNDAMAGED TRAILER and HAD TO GET A LOAN, the insurance would only payout what the VALUE of the trailer was at the time of loss.. That payout would not cover the full amount of the loan unless you pay for additional "gap" insurance..

Insurance typically is a loss anyways, you WILL pay in to the insurance co more than you will ever get out of the coverage..