Insurance and Rv value
I was looking over some of my insurance policies today and while looking at policy for coach, mine is listed as Actual Cash Value. How is this value determined, I've looked at NADA values on coach ...
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We will never go with ACV again. We had a total loss from a storage warehouse fire and the insurance company wanted to give us about one half of what we believed the cash value was. It did not go well. It took exactly one year of getting the state insurance and banking commissioner involved to finally settle on a more reasonable value. Declared value may cost more but you know what you are going to receive in a total loss situation. We have had our new motorhome for about 8 years and if by chance the worse happens again we will get what we paid for the motorhome. That's Piece of Mind.
