I'm faced with the same question. I'm contemplating purchasing a new Camp-Inn 560 Ultra, valued around $23,000.00. Since I worked for an independent insurance agency about 20 years ago, I'm probably going to be a little harder to satisfy regarding coverages. While there appears to be inexpensive insurance available for TD's, as an extension to an auto policy, which means they need to be attached to your vehicle in order to be covered, my issue is also one of wanting to be insured when it is disconnected from my vehicle. Since it would probably not be covered under contents coverage of a homeowners policy, if stored in my garage or and out building and certainly not covered if left out in the elements, that probably is going to leave me with obtaining an RV trailer type policy, in order to make sure it is covered when towed or not. I hope to know a little more when my independent agent calls me back again. Her first call resulted in a quote in the neighborhood of $200 to $250 every 6 months, when hooked to my vehicle. I can't wait to see what the RV coverage is going to run. I'm guessing around 3X's her original quote.
I guess my point is, don't make the mistake of investing a lot of money in a TD and think that since you obtained insurance, you are totally covered. Since parks have old trees and weather can be unpredictable, you might not want to be caught under a fallen limb, which damages your TD while disconnected from your vehicle, without having grilled your agent first, on what the limitations of your policy are with respect to your needs. How about that grease fire in the galley, that improperly chocked TD that rolls down rolls down a mountain side while you are away or that hail storm that visits in the middle of the night, which leaves that once good looking TD with a less than desirable finish the next morning.
I can't help but think about the guy who bought his wife a $25,000.00 ring and called his agent to get it covered. The agent told him could pay a minimal amount to increase his jewelry cover under his homeowners policy, which would cover it for everything his homeowners policy covered, or he could pay a higher rate and have it covered under a separate Floater policy which would cover it wherever a loss might occur. You guess it; he went with the cheaper rate and his wife lost her ring while swimming on the coast. His homeowners policy only cover their loss if it happened at their residence. Though a ring is not a TD, I hope I have driven the point home that you need to throughly understand the limitations of your policy, before you jump and the price.
Insurance question and new here!
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by vjarreau » Wed Oct 20, 2010 4:01 am
I'm faced with the same question. I'm contemplating purchasing a new Camp-Inn 560 Ultra, valued around $23,000.00. Since I worked for an independent insurance agency about 20 years ago, I'm probably going to be a little harder to satisfy regarding coverages. While there appears to be inexpensive insurance available for TD's, as an extension to an auto policy, which means they need to be attached to your vehicle in order to be covered, my issue is also one of wanting to be insured when it is disconnected from my vehicle. Since it would probably not be covered under contents coverage of a homeowners policy, if stored in my garage or and out building and certainly not covered if left out in the elements, that probably is going to leave me with obtaining an RV trailer type policy, in order to make sure it is covered when towed or not. I hope to know a little more when my independent agent calls me back again. Her first call resulted in a quote in the neighborhood of $200 to $250 every 6 months, when hooked to my vehicle. I can't wait to see what the RV coverage is going to run. I'm guessing around 3X's her original quote.
I guess my point is, don't make the mistake of investing a lot of money in a TD and think that since you obtained insurance, you are totally covered. Since parks have old trees and weather can be unpredictable, you might not want to be caught under a fallen limb, which damages your TD while disconnected from your vehicle, without having grilled your agent first, on what the limitations of your policy are with respect to your needs. How about that grease fire in the galley, that improperly chocked TD that rolls down rolls down a mountain side while you are away or that hail storm that visits in the middle of the night, which leaves that once good looking TD with a less than desirable finish the next morning.
I can't help but think about the guy who bought his wife a $25,000.00 ring and called his agent to get it covered. The agent told him could pay a minimal amount to increase his jewelry cover under his homeowners policy, which would cover it for everything his homeowners policy covered, or he could pay a higher rate and have it covered under a separate Floater policy which would cover it wherever a loss might occur. You guess it; he went with the cheaper rate and his wife lost her ring while swimming on the coast. His homeowners policy only cover their loss if it happened at their residence. Though a ring is not a TD, I hope I have driven the point home that you need to throughly understand the limitations of your policy, before you jump and the price.
I guess my point is, don't make the mistake of investing a lot of money in a TD and think that since you obtained insurance, you are totally covered. Since parks have old trees and weather can be unpredictable, you might not want to be caught under a fallen limb, which damages your TD while disconnected from your vehicle, without having grilled your agent first, on what the limitations of your policy are with respect to your needs. How about that grease fire in the galley, that improperly chocked TD that rolls down rolls down a mountain side while you are away or that hail storm that visits in the middle of the night, which leaves that once good looking TD with a less than desirable finish the next morning.
I can't help but think about the guy who bought his wife a $25,000.00 ring and called his agent to get it covered. The agent told him could pay a minimal amount to increase his jewelry cover under his homeowners policy, which would cover it for everything his homeowners policy covered, or he could pay a higher rate and have it covered under a separate Floater policy which would cover it wherever a loss might occur. You guess it; he went with the cheaper rate and his wife lost her ring while swimming on the coast. His homeowners policy only cover their loss if it happened at their residence. Though a ring is not a TD, I hope I have driven the point home that you need to throughly understand the limitations of your policy, before you jump and the price.
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