carnolddsm Posted March 15, 2016 Report Share Posted March 15, 2016 Looking for a ballpark number for budgeting purposes. If our insurance on our RV is $X today, what percentage increase (range) would one typically see when going fulltime? A 25% bump, 50% bump...? I know not a lot of details, it depends... Just looking for a ballpark estimate. Link to comment Share on other sites More sharing options...
LFDR3116 Posted March 15, 2016 Report Share Posted March 15, 2016 Will you stay in the same state for residency when you go full-time? Different rates even between counties within a state. For us personally, our insurance went down when we changed from MI to SD. We now pay a lower rate for our motorcycle, jeep & motorhome than what we previously paid for just the motorhome in MI. We have our full-timers coverage with Progressive. They do give a discount if you also insure your vehicle with them. Link to comment Share on other sites More sharing options...
theeyres Posted March 15, 2016 Report Share Posted March 15, 2016 0 increase. It won't change unless you are changing where you insure the RV. Link to comment Share on other sites More sharing options...
SWharton Posted March 15, 2016 Report Share Posted March 15, 2016 Ours went up about $200, state is VA. Link to comment Share on other sites More sharing options...
Biker56 Posted March 15, 2016 Report Share Posted March 15, 2016 0 increase. It won't change unless you are changing where you insure the RV. National General charges me $38 every 6 months for "Full Time" addition on my policy. And they are a lot of Home, auto vehicle insurance company's that will not cover Full Time. If the OP has one of them. The cost will change up/down from what he has now. Link to comment Share on other sites More sharing options...
SWharton Posted March 15, 2016 Report Share Posted March 15, 2016 Our RV Insurance broker told us if we were out more than 159 days we are considered full time. I think all RV insurance companies cover full time, it is only when you assume that your auto or home policy will cover it that you run into trouble. I believe most of us have gone with the RV broker to get a good policy. Your auto/home doesn't have the same coverage. Link to comment Share on other sites More sharing options...
nana25k Posted March 15, 2016 Report Share Posted March 15, 2016 Our RV Insurance broker told us if we were out more than 159 days we are considered full time. I think all RV insurance companies cover full time, it is only when you assume that your auto or home policy will cover it that you run into trouble. I believe most of us have gone with the RV broker to get a good policy. Your auto/home doesn't have the same coverage. Not all companies offer fulltime liability policies. Its impossible to guess. Other than domicile location there are other factors. Some companies may insure replacement value others only actual value. Also it depends in how much personal property you insure for. Some companies base it on the value of your RV. Others I include a certain amt and then you may have an option for a higher value. You may also have a rider for jewelry and firearms etc. You will only know by calling and getting quotes. Link to comment Share on other sites More sharing options...
carnolddsm Posted March 16, 2016 Author Report Share Posted March 16, 2016 With the information all of you have provided, I can ask a better question or questions: 1. How are you handling liability insurance? Currently we carry the standard homeowners plus an umbrella liability policy. I'm guessing this will be the biggest hit. 2. From the input received, it looks like the increase in insurance for the RV is minimal (non-material to the accounts). Link to comment Share on other sites More sharing options...
SWharton Posted March 16, 2016 Report Share Posted March 16, 2016 I think the way the umbrella policy works(at least ours) is you need a minimum coverage of some number on your vehicle and then it is in effect. We have not seen an increase in the Umbrella policy. Link to comment Share on other sites More sharing options...
carnolddsm Posted March 16, 2016 Author Report Share Posted March 16, 2016 The umbrella policy requires auto insurance liability coverage of $x, and homeowners liability coverage of $y. Off hand I believe the homeowners liability requirement is $250k. The RV policy on our 5th wheel has liability coverage for $25K. Just trying to estimate the cost of the additional liability coverage on the RV or is there another route? Link to comment Share on other sites More sharing options...
SWharton Posted March 16, 2016 Report Share Posted March 16, 2016 Why don't you call up your broker and ask them for a ball park number. I have found ours very accomadating. Link to comment Share on other sites More sharing options...
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