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I am not sure about other states, but GMAC insurance in California offers replacement cost coverage for the first 5 model years. After, the coverage reverts to ACV (actual cash value). Other companies offer agreed value after 5 years, which if insured correctly is the purchase price. The differece between an ACV settlement and agreed value can be significant.
GMAC tells us that although they are not currently filed for agreed value for RV's 5+ years, they are looking into it. For my clients (I am an agent), this coverage difference is not acceptable. I know rates vary from state to state but in our area Good Sam's replacement cost rate is about double other companies, the ACV rate is about 40% higher than the agreed value rate.
One tip while shopping, don't just compare rates: check loss settlement provisions for the rv and contents, towing and extra expense, full timers liability coverage.
Ken
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