RV Trip Planning Discussions

Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > iRV2.com General Discussion
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 08-28-2019, 09:23 AM   #1
Senior Member
 
Join Date: Oct 2018
Location: Prince William, VA
Posts: 279
$10k Insurance?

Progressive.com through USAA just quoted me a policy for a 2020 Newmar VTDP for $10,000/year? That seems...excessive.

Looks like it’s the total replacement coverage that is really cranking up the rate.
__________________

__________________
John D.
2020 VTDP4326 (FPU: 10/21/19)
Mapnerd is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 08-28-2019, 12:33 PM   #2
Senior Member
 
Join Date: Feb 2015
Posts: 1,243
Give Geico a call. I have a fulltimers policy wth $500,000 liability coverage with them and they were below everyone in premium.
__________________

__________________
2015 Itasca Ellipse 42QD
2017 Jeep Wrangler Rubicon Hard Rock
2011 Harley Davidson CVO Street Glide
TXTiger is offline   Reply With Quote
Old 08-28-2019, 12:59 PM   #3
Senior Member
 
BillJinOR's Avatar
 
Monaco Owners Club
Join Date: Jul 2012
Posts: 1,669
To my knowledge Geico does not offer true full timers insurance. There are only 3or 4 that do.
They do offer 365 day use coverage but WITHOUT the homeowners liability , a very important part. If I trip and fall on your steps or your bbq and sue you you arenít covered, other than if you are driving and injure someone .. that I think is the ďliability ď that every car owner has.
Re the 500,000 liability are you sure thatís what it is? You might pull that policy out and look carefully , better yet call and ask if someone injures themselves at your campsite , are you covered and where is that in the policy.
__________________
2003 Beaver Marquis
American tow dolly or
2016 CargoMate Trailer
BillJinOR is offline   Reply With Quote
Old 08-28-2019, 01:45 PM   #4
Senior Member
 
Join Date: Oct 2018
Location: Prince William, VA
Posts: 279
The 'Basic' policy they are quoting me (which is admittedly not sufficient) comes in at $558/year for the following coverages:
  • Liability (Bodily Injury & Property Damage): $25k/person, $50k/accident $20k/property
  • Uninsured Motorist Bodily Injury & Property Damage: $25k/person, $50k/accident, $20k/property
  • Income Loss Benefit: No Coverage
  • Medical Expense Benefits: No Coverage
  • Full-Timer's Package (provides "homeowner-like" coverages when you use your RV as a permanent residence): $50k/person, $100k/accident
  • Trailer: No Coverage
  • Totaled Vehicle Options: No Coverage
  • Other than Collision: No Coverage
  • Collision: No Coverage
  • Disappearing Deductibles: No
  • Trip Interruption: No Coverage
  • Towing and Labor Costs: No Coverage
  • Replacement Cost Personal Effects: No Coverage
Cool. That's a garbage policy, but it's a fine baseline.

Then I change a single option, Totaled Vehicle Options from 'No Coverage' to 'Total Loss Replacement/Purchase Price' and I go from $558/year to $9,984/year. That seems...bananas.

Meanwhile, their 'Choice' policy with way more coverage than the above is actually $400 cheaper than the $9,984 cost for the above with total loss coverage:
  • Liability (Bodily Injury & Property Damage): $50k/person, $100k/accident $25k/property
  • Uninsured Motorist Bodily Injury & Property Damage: $50k/person, $100k/accident, $25k/property
  • Income Loss Benefit: No Coverage
  • Medical Expense Benefits: $1,000/person
  • Full-Timer's Package (provides "homeowner-like" coverages when you use your RV as a permanent residence): $1000k/person, $300k/accident
  • Trailer: 0-$2.5k/accident
  • Totaled Vehicle Options: Total Loss Replacement/Purchase Price
  • Other than Collision: $1k deductible
  • Collision: $1k deductible
  • Disappearing Deductibles: Yes
  • Rental/Transportation Expense: $600/occurance
  • Trip Interruption: $750
  • Towing and Labor Costs: Yes
  • Replacement Cost Personal Effects: $3k

I think I'm going to call them. It seems like there's a something wrong with the website.

Also, has anyone compared Progressive through FMCA vs Progressive through USAA? Both are supposed to provide discounts but I don't have FMCA, though I'd get it if the discount were better than USAA's.
__________________
John D.
2020 VTDP4326 (FPU: 10/21/19)
Mapnerd is offline   Reply With Quote
Old 08-28-2019, 01:52 PM   #5
Member
 
Join Date: Aug 2018
Posts: 67
$10K is excessive in my eyes and yes, that's the total replacement jacking the price up.. I don't pay that much for my home, car, life and MH policies combined, but I also don't carry total replacement on anything, nothing I have is new enough. This coverage is a pure personal tolerance of loss choice.

I can't tell if your full timing or not, but liability is a very big deal.. read the fine print and ask questions. I have a sort of campsite liability, $50K Vacation liability, which provides liability coverage for bodily injury and property damage while your RV is being used as a temporary residence. Nationwide does offer a Full Timers Package, which provides protection if you use your RV as a permanent residence and do not own or reside in another dwelling.

IMHO, $25K for property damage is not enough at all, If you rear-ended and totaled an newer F350 for example (think about how common they are) they are like $60K+. You'd be on the hook for anything over $25K.
lorim is offline   Reply With Quote
Old 08-28-2019, 02:45 PM   #6
Senior Member
 
gpounder's Avatar


 
Join Date: Nov 2017
Location: Oakhurst, CA
Posts: 356
I have never bought insurance from a major, see it on TV carrier. It seems their prices are always high. I am guessing but your new $300K rig should not cost more that 3 Times what I pay for my $100K rig and that was about $1,100.
__________________
2007 Country Coach Tribute 260 Sequoia
40' DP w/Cat400, F494513
Live next to Yosemite
Tror Fourwinds Class C, 1961 American Eagle 01 Bus
gpounder is offline   Reply With Quote
Old 08-28-2019, 05:34 PM   #7
Senior Member
 
FatChance's Avatar
 
Join Date: Mar 2015
Posts: 2,627
By "total replacement", do you mean they would supply you with a comparable, BRAND NEW coach for the duration of the policy? That amount seems fair to me if that is the coverage.

That is why we have agreed value coverage.
__________________
'04 Newmar Mountain Aire 4016
400ISL/Freightliner
FatChance is offline   Reply With Quote
Old 08-28-2019, 06:51 PM   #8
Senior Member
 
hohenwald48's Avatar


 
Join Date: Jan 2017
Location: Nashville, TN area
Posts: 3,032
Quote:
Originally Posted by gpounder View Post
I have never bought insurance from a major, see it on TV carrier. It seems their prices are always high. I am guessing but your new $300K rig should not cost more that 3 Times what I pay for my $100K rig and that was about $1,100.
More like a new $500K rig. If you got full replacement insurance on your $100K rig for $1,100 you're getting one heck of a deal.
__________________
When seconds count, the police are only minutes away.
2019 Newmar Canyon Star 3627 on a 2018 F-53 26K chassis w/6 speed transmission
2017 Jeep Wrangler JKU with Ready Brute tow system
hohenwald48 is offline   Reply With Quote
Old 08-28-2019, 10:30 PM   #9
Senior Member
 
Join Date: Aug 2011
Location: Enjoying the Western States!
Posts: 9,579
You said you tried USAA. Try calling Miller Insurance for Progressive's costs and thorough explanation. Don't rely on getting a quote online.

Miller Insurance Agency
__________________
Full-timed for 16 Years . . .
Traveled 8 yr in a 2004 Newmar Dutch Star 40' Diesel
& 8 yr in a 33' Travel Supreme 5th wheel
twogypsies is offline   Reply With Quote
Old 08-28-2019, 10:55 PM   #10
Senior Member
 
BillJinOR's Avatar
 
Monaco Owners Club
Join Date: Jul 2012
Posts: 1,669
Also call overland insurance , the one in queen creek AZ ( there are several overlands ) the also specialize in rv insurance. Actually call and use a agent. https://rvins.com/
We have called both in the past .. currently using Miller. Both will answer your questions and shop several sources.
__________________
2003 Beaver Marquis
American tow dolly or
2016 CargoMate Trailer
BillJinOR is offline   Reply With Quote
Old 08-28-2019, 10:59 PM   #11
Senior Member
 
gpounder's Avatar


 
Join Date: Nov 2017
Location: Oakhurst, CA
Posts: 356
Quote:
Originally Posted by hohenwald48 View Post
More like a new $500K rig. If you got full replacement insurance on your $100K rig for $1,100 you're getting one heck of a deal.
Mine covers Actual Cash Value (ACV) @ $500K limit + $58 to go to $2M, so over time I know it will be less coverage but the cost will go down too. Replacement Cost insurance is tricky. This is not a house. Replace it with what? a New RV with the same features or an equivalent one with the same age etc. (sounds like ACV)

But even at 5 times my cost that is $5,500 not $10,000. You need to shop it out.
__________________
2007 Country Coach Tribute 260 Sequoia
40' DP w/Cat400, F494513
Live next to Yosemite
Tror Fourwinds Class C, 1961 American Eagle 01 Bus
gpounder is offline   Reply With Quote
Old 08-29-2019, 04:10 AM   #12
Senior Member
 
boomersooner's Avatar
 
Join Date: Jan 2017
Location: Augusta Georgia
Posts: 190
My quote, through USAA to Progressive, for a 2020 Tiffin Allegro Red 37BA, for the most expensive policy (Plus) was around $1,584. The policy is $250k per person, $500k per accident, $100k per property, and had the total loss replacement option.
__________________
Bob (retired Army) & Brenda (Veteran Army Nurse) 2020 Tiffin Allegro Red 37BA on order, pick up January 2020
boomersooner is offline   Reply With Quote
Old 08-29-2019, 04:24 AM   #13
Senior Member
 
hohenwald48's Avatar


 
Join Date: Jan 2017
Location: Nashville, TN area
Posts: 3,032
Quote:
Originally Posted by gpounder View Post
Mine covers Actual Cash Value (ACV) @ $500K limit + $58 to go to $2M, so over time I know it will be less coverage but the cost will go down too. Replacement Cost insurance is tricky. This is not a house. Replace it with what? a New RV with the same features or an equivalent one with the same age etc. (sounds like ACV)

But even at 5 times my cost that is $5,500 not $10,000. You need to shop it out.
But you don't have replacement insurance. You have actual cash value. The OP is talking about replacement insurance. Any comparison between that and your ACV policy is like comparing apples and oranges.

"...equivalent one with the same age etc" is the definition of actual cash value and is unrelated to the OPs question about replacement insurance.
__________________
When seconds count, the police are only minutes away.
2019 Newmar Canyon Star 3627 on a 2018 F-53 26K chassis w/6 speed transmission
2017 Jeep Wrangler JKU with Ready Brute tow system
hohenwald48 is offline   Reply With Quote
Old 08-29-2019, 04:58 AM   #14
Senior Member
 
gpounder's Avatar


 
Join Date: Nov 2017
Location: Oakhurst, CA
Posts: 356
Quote:
Originally Posted by hohenwald48 View Post
But you don't have replacement insurance. You have actual cash value. The OP is talking about replacement insurance. Any comparison between that and your ACV policy is like comparing apples and oranges.

"...equivalent one with the same age etc" is the definition of actual cash value and is unrelated to the OPs question about replacement insurance.
Okay.... so here is the wording for Actual Cash Value in my policy.

"Actual Cash Value means the amount it would cost to replace thew damage or stolen property with similar make, model and comparable equipment. To Determine the actual cash value, we consider the fair market value, the age and condition of the property at the time of the loss, and the applicable state regulations and statutes"

So ACV is typical vehicle insurance and includes deprecation. Replacement cost may not include deprecation. A replacement cost policy probably would not be offered on a older vehicle. From what I found 2-3 years and thats it. A replacement cost policy might also be considered as Gap insurance if you financed 100%.

Back to the question of cost. Still if my already deprecated vehicle was totaled my limit and fair market value is about $100K and OPs is fixed at $500K then the price should be about 5 times not 10 times my rate.
__________________

__________________
2007 Country Coach Tribute 260 Sequoia
40' DP w/Cat400, F494513
Live next to Yosemite
Tror Fourwinds Class C, 1961 American Eagle 01 Bus
gpounder is offline   Reply With Quote
Reply

Tags
insurance



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
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
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
valve adjustment on 10k onan bench Monaco Owner's Forum 1 10-28-2011 08:01 AM
Onan 10K Won't Stay Running Doc Mark Newmar Owner's Forum 4 09-30-2011 09:31 AM
Onan 10K Diesel Generator al_mers MH-General Discussions & Problems 7 02-26-2010 10:49 AM
Pictures of a Spartan 10k hitch? marka Spartan Motorhome Chassis Forum 8 07-27-2009 02:09 PM

» Featured Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 08:09 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
×