NEED HELP INSURANCE PROBLEM
We are new to the RV World. a year ago we purchased a 38' 5th wheel camper. just a few weeks ago, during a storm, a tree fell on our camper. We had the insurance adjuster come out and he declared it t...
Forum Discussion
Most of above it correct - BUT, don't accept the first low-ball offer from the adjuster. We all make mistakes. Make sure you got a credit for everything on the RV, all the extras count. And, negotiate a settlement - insurance companies are in business, and want your claim off the books. the longer you negotiate, it remains a 'working claim' -
In addition, you probably do not have to accept "it's totaled" - get a repair estimate yourself. Then use that to negotiate with insurance company. You could 'accept the repair amount' as payment in full, keep your trailer, and come out ahead.
For example: Right now, you're losing the different between what you paid and what you owe, and what it cost to fix it.
Decide how much the repair costs - offer the insurance company a settle amount that will repair the trailer ... it's often less than that difference but insurance company wants to total, and get it off the books, then will sell it to a salvage or repair facility.
You can often buy it back to that amount, repair the trailer, and get more value out of the whole deal. I know, I did it - won't share here, too long a story, but if you PM me with your email, I'll explain it, and both the insurance company and I came out better than the original "total claim" ... M44
In addition, you probably do not have to accept "it's totaled" - get a repair estimate yourself. Then use that to negotiate with insurance company. You could 'accept the repair amount' as payment in full, keep your trailer, and come out ahead.
For example: Right now, you're losing the different between what you paid and what you owe, and what it cost to fix it.
Decide how much the repair costs - offer the insurance company a settle amount that will repair the trailer ... it's often less than that difference but insurance company wants to total, and get it off the books, then will sell it to a salvage or repair facility.
You can often buy it back to that amount, repair the trailer, and get more value out of the whole deal. I know, I did it - won't share here, too long a story, but if you PM me with your email, I'll explain it, and both the insurance company and I came out better than the original "total claim" ... M44
