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Enjoying_The_Journey

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    Female
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    Texas (for now)
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    Living the life free from STUFF

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  1. The liability that we have on the rv policy is exactly the same liability coverage as on a homeowners policy. I was also told that in order to get actual replacement cost (with any insurance company) is you must tell them that is what you want when you get insurance as soon as you purchased the rv. Switching companies they will say total loss replacement coverage but it is actually market value and will replace it for like kind of what the rv is worth at the time of loss and not what you paid or think it’s worth so it will be a lot less. So it might not even be worth paying the extra for that particular coverage if something was to actually happen you might not get what you think your going to get. So you have to be careful with how the insurance companies words it and makes you think that it is covered a certain way when actually it isn’t. That’s what I have found out the last two days researching this.
  2. Thank you! I did call my insurance company back to have them further explain what the exact difference were between the different policies. She said there really isn’t much of a difference in the coverage, but that it is based on what the rv’er qualifies for based on rv their situation. She said during the questions part of the quote if an rv’er is “mobile” in their rv then the policy will be like what we have (which includes coverage just like a homeowners policy as well as liability). If an rv’er is “stationary” for a year or more (or will never move) then that’s when the comprehensive policy will be given. She did say that most insurance companies will be this way and is based on how much (or not at all) you move your rv. The quote I got from Foremost for the “fulltimers” policy was not a replacement cost policy and they quoted the exact same coverage but costs way more. As far as replacement cost on an rv, Foremost said they will only cover up to your purchase price but it is still based on actual cash value and even if they say they will replace the rv with like kind and/or price it will still be based on ACV. I had gotten a quote also from progressive and their total replacement cost on the rv was the same as Foremost and would only pay based on value of the rv and we all know rv’s Don’t hold their value very well. So if they say replacement cost have them clarify how they define that. So what I have learned these last two days is that if you have liability, comprehensive, collision, emergency expenses, rv medical, replacement cost personal effects then you have everything covered.
  3. We upgraded our 5th wheel back in May and I called our insurance company (Geico) to swap out the rv's. They know we are full timing and just wanted to make sure the coverage we have on this new one was enough and the right kind. They informed me that we do and it is what most rv'ers as well as full timers get. the current coverage on the rv is: comp/coll deductibles $1000 RV Medical $1000 Emergency Expenses $3000 Replacement Cost Personal Effects $20,000 Vacation Liability $500,000 We only pay $538.80 for six months I was reading other rv posts on here and other forums and they talk about “fulltimers” insurance. I called and got a quote which they compared and to exactly what I have now (same coverage above) and it is $2300 per year. So what is the difference between the two types of policies and is it worth the price difference? Thanks!!
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