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Bingo,
"Full replacement policies" have an expiration, usually 5 model years. What is important is the coverage in the 6th and subsequent years. Some policies reduce coverage to ACV, the fully depreciated value of the rig, others revert to purchase price. This is a huge difference. It is a decision that is best made when the policy is purchased when the rig is new. GMAC (Good Sam) in our state only offers ACV after 5 years so, IMHO, it is a poor policy no matter the price.
Ken
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