Community Forums

NCTom · 11-11-2019, 10:32 AM

Has anyone used an insurance carrier that provides coverage for your motorhome when it is on consignment at an RV dealership?

I currently have my insurance with National General and when I changed my coverage to reflect that I had placed it in the custody of a RV dealership on consignment, I was told that the premium would be $200 MORE than the premium for Full coverage. And yes, this $200 increase was after all of the coverages were drastically reduced and being told that the dealership has Full coverage on my coach whenever the coach is driven or just moved around the lot.

Perhaps someone knows of an insurance company that doesn't charge more to place your coach on consignment.

Ray,IN · 11-11-2019, 08:16 PM

Many will drop all coverage.

RVNewbie55 · 11-12-2019, 07:15 AM

I would only place it at a dealership that provides coverage (in writing) while in their care.

theroc · 11-12-2019, 09:48 PM

Quote:

Originally Posted by RVNewbie55

I would only place it at a dealership that provides coverage (in writing) while in their care.

Unless things have changed recently, it will typically be written in the consignment contract that the consignor must keep the coach insured.

OP:

Yes it is expensive to take out a consignment endorsement on your insurance policy when using consignment to sell the coach but it's part of the expense that is incurred for the convenience of consigning. A seller (consignor) is leaving money-on-the-table by using consignment to sell a unit and that's just another added expense for using such a service.

Otherwise, sell it directly to the consignee dealership (leaving even more money-on-the-table) and be done with it as then it becomes a vehicle that is insured under their large umbrella that they purchase insurance for all the vehicles that they own outright or have an equity interest in.

Obviously, selling it on your own is the best way where the most money stays in your pocket as it pertains to selling expenses.

The two times we've used consignment, it was because we had other things to do and couldn't be bothered by the hassle of showing the unit --believe me, it can be a hassle as we've also sold two RVs ourselves-- and also didn't want to be saddled with negotiating and the stress of the funds transfer as we were also dealing with a death in the family on both occasions.

It seems to me that the last time we used consignment that we were insured with Blue Sky and at the time, I think they included a consignment endorsement either for no charge or for very little charge from what I can remember. We liked Blue Sky and it's too bad they're no longer offering policies on motorhomes.

If you can't find any other carrier that offers an endorsement for consignment, maybe just pay the $200 per month and hope that the coach sells quickly and for the price agreed (sometimes there's even negotiating even though a contract is signed ...but you don't have to take the lower offer).

Good luck and hoping that the coach sells quickly.