Do all of you have collision insurance on your RV'S?

[Roadtrek 1]

Many people will drop their "collision insurance" once a vehicle gets old. 

I cannot imagine anyone doing this on their RV?  

Have any of you gone this route?

[Dutch_12078]

Collision coverage for our Class A only adds $67/yr to our Progressive policy, so we'd be foolish to drop it.

[Alie&Jim's Carrilite]

We have had collision on all of our RV's.  With replacement value or new value if possible.

[jay]

Insurance may not keep you from danger but it can alleviate your  financial burden.it's not a wise choose to drop it.

[Kirk W]

11 hours ago, Roadtrek 1 said:

Many people will drop their "collision insurance" once a vehicle gets old. 

My travel trailer has never had collision insurance. 😄

[whj469]

If you don't finance the RV purchase you can go without coverage on your RV. Unless it was not worth much I wouldn't go without insurance. I get replacement coverage.

[Roadtrek 1]

Insurance is all about risk management and shifting the responsibility to someone else.    I agree it's better to have the collision insurance. 

3 hours ago, Kirk W said:

My travel trailer has never had collision insurance. 😄

If you don't have this be prepared to lose the asset if it's in an accident.   The other company ( if you are not at fault)may or may not give you what you want...? 

[Second Chance]

Of course! Why would I not?

[Darryl&Rita]

17 minutes ago, Roadtrek 1 said:

Insurance is all about risk management and shifting the responsibility to someone else.    I agree it's better to have the collision insurance. 

If you don't have this be prepared to lose the asset if it's in an accident.   The other company ( if you are not at fault)may or may not give you what you want...? 

Towables don't get collision. The coverage comes from the policy on the tow vehicle.

[Kirk W]

19 hours ago, Roadtrek 1 said:

If you don't have this be prepared to lose the asset if it's in an accident. 

This shows what you don't know about insurance for towables. There is no such thing as collision insurance for any type of trailer. Collision insurance is only available for motorized vehicles.

[Big5er]

LOL  good one Kirk.

[chirakawa]

1 hour ago, Kirk W said:

This shows what you don't know about insurance. There is no such thing as collision insurance for any type of trailer. Collision insurance is only available for motorized vehicles.

I'm currently looking at my State Farm Insurance Policy for my fifth wheel travel trailer.  It lists the annual premium in two parts.................

$100 Deductible Comprehensive-$504.60

$250 Deductible Collision-$225.00

Total premium of $729.60.

[Randyretired]

Kirk is the one that doesn't know much about insurance.  I also have collision insurance on our 5er with a deductible. This covers our 5er in an at fault collision.

[oldbutspry]

It's very important to keep old trailers insured.  You just never know the predicament you might find yourself in:

https://www.youtube.com/watch?v=o4inr3ryBTA

[Kirk W]

26 minutes ago, Randyretired said:

Kirk is the one that doesn't know much about insurance.  I also have collision insurance on our 5er with a deductible. This covers our 5er in an at fault collision.

Are you sure? Maybe so but mine sure doesn't list collision anywhere. It addresses fire, theft, storm damage, vandalism, etc. It does address the event of an accident but not collision. My truck does have collision coverage. I've been wrong before so it wouldn't be a new experience but I sure can't find collision coverage on my travel trailer policy. Who is your policy with and how is the collision coverage stated? 

[chirakawa]

6 minutes ago, Kirk W said:

Are you sure? Maybe so but mine sure doesn't list collision anywhere. It addresses fire, theft, storm damage, vandalism, etc. It does address the event of an accident but not collision. My truck does have collision coverage. I've been wrong before so it wouldn't be a new experience but I sure can't find collision coverage on my travel trailer policy. Who is your policy with and how is the collision coverage stated? 

I readily admit I don't know much about insurance.  However, it doesn't make sense that you could have full coverage insurance, including collision, on a $10,000 truck and it would also cover collision damage on a $100,000 trailer. 

I know that your tow vehicle liability insurance covers you while you're towing.  That's why you can't buy liability on the trailer for traffic related issues.

[Randyretired]

12 minutes ago, Kirk W said:

Are you sure? Maybe so but mine sure doesn't list collision anywhere. It addresses fire, theft, storm damage, vandalism, etc. It does address the event of an accident but not collision. My truck does have collision coverage. I've been wrong before so it wouldn't be a new experience but I sure can't find collision coverage on my travel trailer policy. Who is your policy with and how is the collision coverage stated? 

Our policy is with National General Insurance and the coverage is listed as collision.  We have a deductible that is also listed.

[mptjelgin]

I also have Collision insurance listed on my policy, specifically for my NuWa trailer. It has it's own premium, separate from the Collision coverage (and premium) listed for the truck. Mine is a National General full-timers policy. 

[Randyretired]

I just Googled trailer insurance and there is an explanation on the internet.  You can check it out.  It states the same as my post.  If you don't have collision you may want to check with your insurance agent to see if it is desired on your policy.

[Twotoes]

There are usually two types of coverage. Comprehensive covers theft and fire. Collision covers  . . . well . . . collisions. A trailer is usually covered by the motor  vehicle policy that is towing it.  My fifth wheel was covered on my F-350 policy. Some insurance companies will write a separate policy for the trailer/5th wheel. A combo policy only covers the trailer while being towed, not parked in a campground or while in storage so it is sound to have a separate policy. 

[chirakawa]

7 hours ago, Twotoes said:

There are usually two types of coverage. Comprehensive covers theft and fire. Collision covers  . . . well . . . collisions. A trailer is usually covered by the motor  vehicle policy that is towing it.  My fifth wheel was covered on my F-350 policy. Some insurance companies will write a separate policy for the trailer/5th wheel. A combo policy only covers the trailer while being towed, not parked in a campground or while in storage so it is sound to have a separate policy. 

Why would you need collision insurance while you are parked in a campground or storage?

[FL-JOE]

I almost hate to even post on this subject because we have no dog in the fight currently.  However, several years ago when we had a fiver we stored it up north for a winter.  Our insurance carrier at the time said we could drop collision and a couple other things while it sat there for 5 months.  Our policy was reduced about half for that time.

[ARGO]

Well, parked may be pretty safe. But if it lights off & does damage to other units,  you might be glad you had comp. Unless batts removed, a mouse chewing the wires could do that.

[chirakawa]

8 minutes ago, ARGO said:

Well, parked may be pretty safe. But if it lights off & does damage to other units,  you might be glad you had comp. Unless batts removed, a mouse chewing the wires could do that.

Comp has nothing to do with damaging other units.  Liability would cover that, if you have liability.

[Lance A Lott]

9 hours ago, Twotoes said:

There are usually two types of coverage. Comprehensive covers theft and fire. Collision covers  . . . well . . . collisions. A trailer is usually covered by the motor  vehicle policy that is towing it.  My fifth wheel was covered on my F-350 policy. Some insurance companies will write a separate policy for the trailer/5th wheel. A combo policy only covers the trailer while being towed, not parked in a campground or while in storage so it is sound to have a separate policy. 

You might want to check with your agent I have had several different companies and other than liability the tow vehicle policy has never covered the trailer. This is a very common and expensive misconception.  

There is a point at which a vehicle is worth so little that between the deductibles and the probable increase in premiums, if you file a claim, and the higher cost, that it is not worth having collision coverage. For me that's some where below 5k. A 1k repair could cost you $1500 in higher premiums over the next couple of years.