Progressive Insurance (agreed value)
Have been with Progressive for 7 yrs. No claims. Premium always went up a little each year. This year its up $200.00. I have agreed value of $75,000 in comprehensive and collision. This is where the...
Forum Discussion
Tyler0215 wrote:
No ins company will pay $75K for a $25K MH.
Not sure this blanket statement is true. An OP on this forum had a family member wreck a Class A enroute a workcamping assignment. Ins tried several times to repair it. Decided on a total, and paid for a new equivalent coach.
I don't know the details of how the replacement value was set. I can see where somebody buying a coach that was 100,000 new, could insure it for that. If they bought that same coach used for 50,000 I don't know if they could insure for a new replacement.
