Community Forums

1lonewolf · 01-04-2014, 05:52 PM

In the future I plan to buy a class A and full time as my job is traveling by nature thus supporting the RV lifestyle, I'm thinking the insure ace might be expensive.

Bubwheat · 01-04-2014, 10:02 PM

Quote:

Originally Posted by 1lonewolf

In the future I plan to buy a class A and full time as my job is traveling by nature thus supporting the RV lifestyle, I'm thinking the insure ace might be expensive.

More you travel the more exposure you have. Yes you will pay more, albeit not that much more. I think the full time premium on my Progressive policy is about $50.

1lonewolf · 01-04-2014, 10:09 PM

Well that's not too bad.

smack2020 · 01-05-2014, 07:55 AM

Yes

Barbaraok · 01-05-2014, 09:12 AM

What do you mean by fulltiming? Are you selling your house and living in an RV 24/7, then yes, it will be quite a bit more than just vehicle insurance if you already have a house with insurance. Fulltime insurance is more because it also acts as 'homeowners' insurance for when you are parked and someone trips over a chair on your patio and sues. If you still have a S&B, your home owners (renters) insurance covers that type of liability.

Barb

PyrateSilly · 01-05-2014, 10:46 AM

Insurance cost depends on what city/state your domicile is in. It's dependent on your driving record. They may also take into consideration about how many miles you drive or think you might drive. The type, make and model of what ever you will be living in is also a biggie on cost.
There are a lot of variables, the best thing might be to call your insurance company and first ask if they do full time RV insurance, some don't. If they do then ask them to just work up a quote. They may not do a quote without knowing an exact or close to exact model RV/TT so just pick one to get a feel for what it might be.

StevenNSteph · 01-05-2014, 10:58 AM

My insurance is through Blue Sky - I domicile in Madison, SD. My rate went up $39.00 a year when we changed it to full-timing. I already had liability for guests on my original policy so the only change was a note to my file and an increase in personal property coverage. I pay under $900 a year for insurance and the total loss replacement value of my coach is $103K.

Every insurance company is different and rates vary greatly on the county and state you domicile in. Good luck.

JMonroe · 01-05-2014, 11:53 AM

Quote:

Originally Posted by StevenNSteph

...I already had liability for guests on my original policy ...

What you have is limited liability coverage should your guests be injured while in your rig, or possibly on your campsite. What you don't have is personal liability coverage for the rest of life's possible calamities. You knock down some little 'ol lady at Walmart with your shopping cart and she breaks her hip. You zonk someone on the golf course with your ball or club or send the ball through a window. This type of coverage usually comes off your home owner's policy. As you no longer have a home owner's policy you'll need to pick it up with a "full timer" policy, and there's no way that costs only $50 or ads only $39 per year to your premium.

Bottom line, yes, FULL coverage for you and your rig will cost more than coverage for just your rig, but not enough to exceed, or even match, the combined coverage most stick and brick dwellers pay.

StevenNSteph · 01-06-2014, 10:57 PM

Jay, Thank you for your reply, I know you mean well but the claims you made about my specific circumstance is wrong.

Quote:

Originally Posted by JMonroe

What you don't have is personal liability coverage for the rest of life's possible calamities.

Since I am new to full-timing I called my insurance agent today to double check your claim. And he reaffirmed what my policy rider says. Yes, I DO have personal liability coverage and in fact I am fully insured for the incidents that you described.

Quote:

Originally Posted by JMonroe

As you no longer have a home owner's policy you'll need to pick it up with a "full timer" policy, and there's no way that costs only $50 or ads only $39 per year to your premium.

It appears that we are both wrong - it did not add $39 to my policy premium per year. It only added $33

My agent also told me that the extra $33 per year is right in line with the industry average cost of $10-$14 per $100,000 of liability insurance. As I side note, I was glad to find out that my $2 Million umbrella policy also fell in line with the industry average.

Happy Trails.
Steven N Stephanie

JMonroe · 01-07-2014, 07:12 AM

Your umbrella modifies the equation. It caps the underlying limits required to meet the "deductible" on the umbrella. Add the cost of the umbrella to the $33 and you're probable close to what I'd expect.

It's all good. The point of the discussion is, the OP needs to be sure he has personal liability coverage to protect his assets should the worse case scenario occur. That total will be different depending on your personal situation.