Question on RV Insurance

[Ozz]

I need to know how Insurance works on the RV before I call my agent, do many of you have replacement insurance; like all the Mods you have done, plus the value of the stock RV?
I don't know if I should ask for a rider for all the mods over and above the stock 5th wheel or if they are supposed to be covered. I know it depends on the policy, but what types are available?
Thanks for the info in advance.
I have State Farm Insurance on everything.

[8.1al]

That's an important question you need to ask your agent as many policies won't cover your improvements

[mazboy]

actually this is what an agent is for...you ask him what he recommends. you already know about replacement cost as one option.

other things such as full timer or part time coverage. what do you want for deductions? each person has their own ideas.

[mlh]

Ozz I don't know how you put a value on mods you have made. I made a transfer switch. There is nothing like it made. Works great but I spent 2 days on it. How do put a value on that? At $70 an hour I don't think an insurance company would go for that.
Lynwood

[Ozz]

Thanks, I wanted a discussion so I could formulate the right questions, things I may not think of to ask and cover, Charlie, I haven't scanned my policy, so I will and ask my agent those questions. Lynwood, yours is a great example, I have done similar non-traditional mods. Eddie, I will ask about the differences in full and part time..

[DQDick]

If you full-time then you need a policy, normally referred to as full-timers insurance, that includes the blanket liability policy part timers normally get from the blanket liability coverage on their home. Since we don't have a house anymore, we have Full-timers insurance, replacement coverage and an additional $40,000 in personal property coverage (over and above what the policy has in it) to cover all the mods we've made. With our policy, that was the way to go suggested by the agent.

[Ozz]

Thanks Dick, that helps.

[cwalker]

John made some mods that were permanent, and so he added that dollar amount to our Progressive policy. When we totaled our Monty they said we could take anything off of it that wasn't stock. They gave us a figure, and John went back to them and said no, we increased the coverage and have been paying for the mods he did that we couldn't take off (stick-on solar panels, Big Foot leveling system). They came back with the 'right' figure. He did have to provide receipts for the mods he did, obviously labor not included. Hope this helps.

[Ozz]

Thanks Cindy, that really helped. We will have to keep good track of our receipts just in case. It was nice of them to let you remove all non-stock items.

[cwalker]

John also said that it has to be an agreed upon value, and that if it gets totaled they may have an appraiser look at it. Your agent can help you with the different 'values'. We were very happy with Progressive.

[7.3Ford]

Jim,

I don't think you will get the insurance you want from State Farm. Progressive has three types of insurance. The following is from their web site:

Market Value
Market Value is the most economical choice to insure your RV. If your RV is declared a total loss, this coverage pays either the lower of the actual cash value (ACV) at the time of loss or the market value displayed on the Declarations page. Market value should be reviewed periodically to ensure it accurately reflects the current value of the RV.

Agreed Value
Agreed Value protects your investment in your RV without considering depreciation for total losses. The total loss payout is the agreed value as shown on the Declarations page.
Proof of value is required for this option. For RVs purchased less than two years ago, the purchase documents are proof of value. For RVs purchased more than two years ago, an appraisal serves as proof of value.

Total Loss Replacement/Purchase Price
Total Loss Replacement/Purchase Price coverage provides you with a new, untitled RV if your RV is five model years old or less and is deemed a total loss. If an RV older than five years is deemed a total loss, the payout will be the purchase price as reflected on the Declarations page.

The purchase price value includes all permanently attached equipment, tax, title and license. The value should be increased if additional equipment is added. This coverage is only available for new RVs, up to one model year old.

[Ozz]

Thanks John, I printed that off to take to my agent, you may be right, we will see what happens.
Appreciate the help

[Champ_49]

Ozz, get with or have your agent look into Blue Sky Insurance. They seem to be the best on price and coverage and its there specialty. I saved a lot and got an agreed value with no problem.

Dave

[Ozz]

Thanks Dave, will look into that.

[Artemus Gordon]

We moved to AARP via Hartford. It was best thing ever. Put cars, truck RV and two homes. Saved $2000.00 per year. Full replacement on RV based on agreed upon dollar figure. Figuring value of mods was complicated. Bought agreed upon policy that allows us to replace Montana with fully equipped new unit. Could not believe all the benefits that came with the AARP program. Even provided road service and $100.00 deductibles.

[Ozz]

Artemus, that sounds great, will look into it. Thanks!