I have #1 (aka Aaron's Hyde-Away) insured the Perish-Heacock (I think it has since changed names. PH is a collector car insurance and I insured the TD along with my Dart, so I would be covered towing the Td with the Dart (standard collector insurance stuff, only to and from car show, parades etc.).
One question I have had in case of a claim how do they figure labor, because as the builders, most of us would make the reapirs ourselves.
I will check into insurance on both, I'm thinking I did check with my agent once and was told that since it was homemade it was a no go. I do need to meet with my agent and talk about changes to my insurance anyway, so I will bring it up again. This brings up another question, can I have full coverage on the trailer if I don;t have full coverage on the tow vehicle? I am thinking of dropping full coverage on the pickup (only about $1,500 trade in value) in exchange for higher liability coverage.
Done rambling now.
Aaron
Teardrops n Tiny Travel Trailersor t n ttt for short (tnttt.com) |
Insurance
47 posts
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by Aaron Coffee » Sat Jan 21, 2012 10:18 pm
If I could shut my brain off, I could save myself alot of time, money and effort.
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Aaron Coffee - 1000 Club
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by dreadcptflint » Sun Jan 22, 2012 12:44 pm
The term 'full coverage' is jumbo shrimp of the insurance industry. It generally refers to coverage to repair your own car. There are two components:
The first is collision and comprehensive coverages which have deductibles. If I use Farmers then I have deductibles from $100 to $2500. The higher the deductible the lower the premium. There are some lenders that let you have a $1000 deductible while others limit you to $500 and under. If you are looking to satisfy a lender then check with them and get a deductible that satisfies both parties needs.
The second is Under Insured or Uninsured Motorist Property damage. This will take care of your deductible if you have collision and comprehensive. This also takes care of phantom vehicles and hit and runs. It is also critical when you are dealing with higher valued items because 60% have either minimum required or no insurance. In the State of Washington the minimum property damage is $10,000 which is easily consumed with the average care.
I hope this clears things up. If you come at a insurance guy and blindly state that you want 'full coverage' and they do not have a conversation with you then they are making some huge assumptions for you and you could be paying more than you have to for insurance.
The first is collision and comprehensive coverages which have deductibles. If I use Farmers then I have deductibles from $100 to $2500. The higher the deductible the lower the premium. There are some lenders that let you have a $1000 deductible while others limit you to $500 and under. If you are looking to satisfy a lender then check with them and get a deductible that satisfies both parties needs.
The second is Under Insured or Uninsured Motorist Property damage. This will take care of your deductible if you have collision and comprehensive. This also takes care of phantom vehicles and hit and runs. It is also critical when you are dealing with higher valued items because 60% have either minimum required or no insurance. In the State of Washington the minimum property damage is $10,000 which is easily consumed with the average care.
I hope this clears things up. If you come at a insurance guy and blindly state that you want 'full coverage' and they do not have a conversation with you then they are making some huge assumptions for you and you could be paying more than you have to for insurance.
The quickest way to find me is on my business site. Yes, I do answer questions and provide quotes for free. Find me at: http://www.wenatcheefarmers.com
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