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 03-05-2013, 09:27 AM   #1
Member
 
Join Date: Jun 2011
Posts: 86
GMAC Insurance

Hello Jim Senn here. I Usually only look at Workhorse Chassis Forum. I have had GMAC since 2004. I bought it for the sole purpose of there ad in magazines back then, It said Full replacement for model years 1-4 and 5-16 Purchase order price. The second portion is what I liked because I new I would have this thing forever. I,m concerned about how they honor the second part 5-16. I pay lots of money for the insurance, and when I orininally applied i was asked what I paid and a policy was written. I tell you when you read those paragraphs in the policy my stomach grinds. Well I,m done complaing but if there is a Insuance GURU on this forum please reply Thank You
__________________

__________________
fayjim2 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 03-05-2013, 10:30 AM   #2
Senior Member
 
sc3283's Avatar
 
Join Date: Aug 2011
Posts: 1,126
I have progressive and it went up $80 this past year to $518 per yr..I just got done (10 mins ago)getting a quote from GMAC which was $904...so no thanks gmac!
__________________

__________________
96 Dynasty 36' that does NOT wander, thanks to RuppParts.com and their superior "poly" suspension bushings
sc3283 is offline   Reply With Quote
Old 03-05-2013, 10:37 AM   #3
Senior Member
 
sc3283's Avatar
 
Join Date: Aug 2011
Posts: 1,126
I just went to Good Sam for a quote and they are GMAC
__________________
96 Dynasty 36' that does NOT wander, thanks to RuppParts.com and their superior "poly" suspension bushings
sc3283 is offline   Reply With Quote
Old 03-05-2013, 12:23 PM   #4
Senior Member
 
Country Coach Owners Club
Retired Fire Service RVer's
Join Date: Feb 2013
Location: Ocala, Florida
Posts: 6,295
GMAC is my lowest quote by far, both pleasure and when we go FT.
__________________
FMCA #F431170, GS #822128658, Escapees SKP #112655
2012 Airstream Mercedes Interstate Class B
[SIGPIC][/SIGPIC]
Medico is offline   Reply With Quote
Old 03-05-2013, 01:21 PM   #5
Senior Member
 
JohnBoyToo's Avatar


 
Monaco Owners Club
Join Date: May 2012
Location: DFW, Tex-US
Posts: 4,850
good sam/gmac was the lowest for me too (on day one quote)....

but on day two when I called back it went up $100 before they would write the policy !

but they were still cheaper.... fast forward a year and they went up another $150... but waited so late to tell me that I couldn't shop around in time... so I paid it and set a reminder in my calendar to shop for next year

bait and switch taste bad to me
__________________
'11 Monaco Diplomat 43DFT RR10R pushed by a '14 Jeep Wrangler JKU. History.. 5'ers: 13 Redwood 38gk, 11 MVP Destiny, Open Range TT, popups, vans, tents...
JohnBoyToo is offline   Reply With Quote
Old 03-06-2013, 12:32 AM   #6
Senior Member
 
UFO Pilot's Avatar
 
Winnebago Owners Club
Workhorse Chassis Owner
Join Date: Aug 2007
Location: Sonoma County, CA
Posts: 4,612
To answer? your original question, I was told if I suffer a total loss they would write me a check for the original invoice amount. When I check my policy that is the number that it says I am covered for.
__________________
Wayne & Roberta and Maggie the Miracle Dog
08 Winnebago Destination 39W Gas UFO Workhorse Chassis
Making the Journey in our Destination

UFO Pilot is offline   Reply With Quote
Old 03-06-2013, 05:49 AM   #7
Senior Member
 
reubenray's Avatar
 
Newmar Owners Club
Join Date: Feb 2012
Location: Lake Osprey RV Resort, Elberta, AL
Posts: 2,745
I have GMAC for my fiver and it is only $218 a year. So I got a quote for the motorhome I am looking to get. It was $1,688 a year for a Tiffin Allegro 36LA.

Is this high or low?
__________________
Raymond, Dee Dee and Sophie (Yorkie)
2013 Tiffin Allegro (Sold) - 2017 Ventana LE 4037 -
2016 Chevrolet Equinox - V6 - AWD
reubenray is offline   Reply With Quote
Old 03-06-2013, 05:54 AM   #8
Senior Member
 
Country Coach Owners Club
Retired Fire Service RVer's
Join Date: Feb 2013
Location: Ocala, Florida
Posts: 6,295
My quote for recreational use was $1387. If I add a newer toad and FT, jumps to about $1800. This is comparable to my present homeowners and 2 vehicle insurance.

My MH wholesale value is $265K
__________________
FMCA #F431170, GS #822128658, Escapees SKP #112655
2012 Airstream Mercedes Interstate Class B
[SIGPIC][/SIGPIC]
Medico is offline   Reply With Quote
Old 03-06-2013, 09:34 AM   #9
Moderator Emeritus
 
Gary RVRoamer's Avatar


 
Join Date: Jan 2000
Location: Silver Springs, FL. USA
Posts: 18,096
Read the fine print in your GMAC policy about how and when they pay "replacement cost". However, the usual terms for replacement value coverage on a 5+ year old rig is that the insurer pays up to the original purchase price when and if you actually buy the replacement rig. Prior to that, you receive only ACV (Actual Cash Value) amount, and if there is a loan the lien holder gets paid off first and you get only what is left (if anything). If you never buy a replacement, you don't get a dime extra above ACV. If the replacement cost is less than the original purchase price, you get only the extra amount above ACV needed to cover the replacement purchase. In other words, you don't just get a check for the entire amount you originally paid. This can leave you holding the bag if you have a loan that exceeds ACV.

If you can't comprehend all the legalese in the policy, ask your agent these three questions about a total loss situation:
1. How much do I get if I do not replace the RV?
2. How much do I get if I replace it with another rig of lesser value?
3. How much do I get if I replace it with another rig that costs more than the original?
__________________
Gary Brinck
Former owner of 2004 American Tradition
Home is in the Ocala Nat'l Forest near Ocala, FL
Summers in Black Mountain, NC
Gary RVRoamer is offline   Reply With Quote
Old 03-06-2013, 10:22 AM   #10
Senior Member
 
sc3283's Avatar
 
Join Date: Aug 2011
Posts: 1,126
Nationwide is now on my side...cheaper than Progressive
I carry high deductables, I'm not 1 to use insurance though...I have made 1 claim in 37 yrs of driving..and that was due to SEVERE hail. I don't use an insurance company for trivial crap unlike some who make claims often.
__________________
96 Dynasty 36' that does NOT wander, thanks to RuppParts.com and their superior "poly" suspension bushings
sc3283 is offline   Reply With Quote
Old 03-07-2013, 09:59 AM   #11
Member
 
Join Date: Jun 2011
Posts: 86
Wow Well I must say I,m still confused. First off the premium is something but the real area of concern is after the loss should it occur. I purposely left this portion of my problem out. I bought the RV in Fairbanks Ak. in 2004 new. I paid 107,694 $ approx. 25 % over lower 48 prices which is nornal for ak. So when they start looking at the policy and then my purchase order what would I get paid keeping in mind when you apply part of the questioning was price. So keep the info to me flowing I really enjoy reading this over the policy. Thanks Jim
__________________
fayjim2 is offline   Reply With Quote
Old 03-07-2013, 10:20 AM   #12
Senior Member
 
sc3283's Avatar
 
Join Date: Aug 2011
Posts: 1,126
Jim, give them a call and ask....they'd know better than anyone.
__________________
96 Dynasty 36' that does NOT wander, thanks to RuppParts.com and their superior "poly" suspension bushings
sc3283 is offline   Reply With Quote
Old 03-07-2013, 11:32 AM   #13
Senior Member
 
UFO Pilot's Avatar
 
Winnebago Owners Club
Workhorse Chassis Owner
Join Date: Aug 2007
Location: Sonoma County, CA
Posts: 4,612
GMAC never asked me what I paid that asked the factory invoice price. My policy is written for that amount. I asked them (they may have lied to me) about total loss coverage. I was told they would replace my RV in the first 5 years and then pay the invoice price after that. They never said a word about having to purchase another RV. AAA told me they would insure (and charge) for the invoice price but would only pay the actual value for a total loss.
__________________
Wayne & Roberta and Maggie the Miracle Dog
08 Winnebago Destination 39W Gas UFO Workhorse Chassis
Making the Journey in our Destination

UFO Pilot is offline   Reply With Quote
Old 03-07-2013, 11:38 AM   #14
Moderator Emeritus
 
K-Star's Avatar


 
Texas Boomers Club
Mid Atlantic Campers
Ford Super Duty Owner
Join Date: Jan 2000
Location: Fulltime - Currently somewhere in the lower 48
Posts: 2,215
I am switching my truck from GEICO to Nationwide today. I have 2 more years on my GMAC (which was American Modern Home until last year) with the Original Purchase Price coverage. After that I will probably look into Nationwide to see how they cover fulltime usage. until then, I am stuck with GMAC.
__________________

__________________
John, Joyce & Zoie the Terrier. - Fulltime since `08

2017 Solitude by Grand Design
2012 Ford F-450 Lariat
K-Star 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


» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 05:18 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.