Journey with Confidence RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Take a Speed Test Free 7 Day Trial ×
 

Go Back   Montana Owners Club - Keystone Montana 5th Wheel Forum > GENERAL DISCUSSIONS > Insurance
Click Here to Login

Reply
 
Thread Tools Search this Thread Display Modes
 
Old 10-05-2006, 03:45 PM   #1
Craig A
Montana Fan
 
Join Date: Sep 2006
Location: Bradenton
Posts: 200
M.O.C. #6228
RV Insurance

I currently have USAA on my Mountaineer, but if totalled they only offer book value. Good Sam VIP offers full replacement for first 5 years and reimbursement of purchase price in years 6-20. Do you have suggestions or advice on good insurance companies with replacement coverage?
 
Craig A is offline   Reply With Quote
Old 10-05-2006, 06:32 PM   #2
Lstierw
Montana Fan
 
Join Date: Apr 2005
Location: Spokane Vallley
Posts: 268
M.O.C. #3532
We do full time RV and we have National Interstate Insurance Through AON and it is homeowners insurance for us. Not sure what your situation is but it is a good value for the buck...here is the website.. http://www.aonrecreation.com/
Lstierw is offline   Reply With Quote
Old 10-06-2006, 02:23 PM   #3
Cat320
Montana Master
 
Join Date: May 2006
Location:
Posts: 1,695
M.O.C. #5751
I have USAA, too. GS VIP offers the replacement value, but at about 3 1/2 times the price of USAA's rate....I got a quote yesterday. Like all ins, you have to figure if you'll need that extra coverage to warrant the extra premiums.
Cat320 is offline   Reply With Quote
Old 10-06-2006, 03:51 PM   #4
stiles watson
Montana Master
 
Join Date: Sep 2004
Location: Leona
Posts: 6,382
M.O.C. #2059
I am about as tight-fisted as they come. I hate paying excessive premiums. But I hate inadequate coverage more. I have sold causalty insurance. If USAA doesn't have a replacement value rider, I would look elsewhere. Claims adjusters will rate the current value of your used rig much, much lower than you will believe. USAA is a fine company and also very profitable for it's investors. The reason is that they underwrite to minimize their risk to a greater degree than some other good companies.

Premiums can be reduced by taking higher deductibles and having your insurance coverage be more of a catastrophy package. Personally, I can manage a $500 or $1000 loss much better than 1/3 to 1/2 the total replacement value of my rig. Ok, well, that's my thoughts on this subject.
stiles watson is offline   Reply With Quote
Old 10-07-2006, 12:57 AM   #5
Montana_6147
Established Member
 
Join Date: Aug 2006
Location: Wellington
Posts: 15
M.O.C. #6147
USAA HAS NO INVESTORS!
Montana_6147 is offline   Reply With Quote
Old 10-07-2006, 02:02 AM   #6
wa4bmg
Montana Fan
 
Join Date: Oct 2003
Location: Salt springs
Posts: 300
M.O.C. #592
Check out Farm and City. they are a Progressive agent and offer full replacement, full timer etc. The number is 800-331-1520. Ask for the RV dept.
wa4bmg is offline   Reply With Quote
Old 10-07-2006, 04:28 AM   #7
stiles watson
Montana Master
 
Join Date: Sep 2004
Location: Leona
Posts: 6,382
M.O.C. #2059
It is a correct statement to say that USAA is not a publicly owned entity, i.e., no stock holders. They are a very profitable company and that money goes into someones pockets. Therefore there are those who have a vested interst in their underwriting protocols.
stiles watson is offline   Reply With Quote
Old 10-07-2006, 08:30 AM   #8
Craig A
Montana Fan
 
Join Date: Sep 2006
Location: Bradenton
Posts: 200
M.O.C. #6228
THanks for the advice. I ended up calling Gilbert RV insurance and got full replacement coverage for first 5 years then purchase price coverage past year 6 for $418 per year. That's $782 less than USAA with the coverage I was looking for.
Craig A is offline   Reply With Quote
Old 10-07-2006, 01:37 PM   #9
Cat320
Montana Master
 
Join Date: May 2006
Location:
Posts: 1,695
M.O.C. #5751
The confusion with USAA and the investment issue is that they are in the banking business as well as the mutual fund/IRA business.
Cat320 is offline   Reply With Quote
Old 10-08-2006, 01:32 AM   #10
Montana_6147
Established Member
 
Join Date: Aug 2006
Location: Wellington
Posts: 15
M.O.C. #6147
USAA is a mutual company , surplus earnings are distributed annualy to all policy holders based on your annual premiums and the earnings include all earnings from whatever source. A USAA member since 1948.
Montana_6147 is offline   Reply With Quote
Old 10-08-2006, 02:47 AM   #11
ols1932
Montana Master
 
Join Date: Aug 2004
Location: Cedar Rapids
Posts: 4,876
M.O.C. #1944
I tried to join USAA but was denied the privilege because I've been retired from the military too long. That puzzles me. I thought they would accept all active duty AND retired military.

Orv
ols1932 is offline   Reply With Quote
Old 10-29-2006, 09:55 AM   #12
JimF
Montana Master
 
Join Date: Sep 2006
Location: anywhere
Posts: 912
M.O.C. #6260
Send a message via ICQ to JimF Send a message via AIM to JimF Send a message via Yahoo to JimF
I am also a USAA Member (37 years in fact). My recent claim for damage to my RV was covered and then some. No problems at all. For our new Montana we also checked Good Sam VIP and it would cost me over $800/yr increase in premium and really didn't offer as good a coverage as USAA with the sole exception of the replacement cost. I have found, however, that USAA is quit liberal in their allowance for value. Had them quote the value of the 3400RL I have on order and the stated "used" price is 9K more than I'm paying for the rig.

Based on that, and other inquiries with other insurance brands I stuck with what has been good to me, USAA.

Oh, on GSVIP check out the personal property coverage, it's $3,000. USAA is replacement cost and limited to max policy value.

JimF
JimF is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Insurance Art Izer General Discussions about our Montanas 3 06-24-2008 02:13 PM
RV Insurance robbsteinke General Discussions about our Montanas 28 03-28-2008 06:04 PM
RV Insurance ? G McCall General Discussions about our Montanas 13 05-30-2006 10:09 AM
Insurance Bud and Monti General Discussions about our Montanas 13 11-15-2004 01:45 PM
RV insurance stiles watson General Discussions about our Montanas 22 09-24-2004 07:08 PM

» Featured Campgrounds

Reviews provided by

Powered by vBadvanced CMPS v3.2.3
Disclaimer:

This website is not affiliated with or endorsed by Montana RV, Keystone RV Company or any of its affiliates. This is an independent, unofficial site.


All times are GMT -6. The time now is 08:59 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.