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Post by schweetcruisers on Feb 22, 2014 21:43:04 GMT -8
Yes you have to be current or ex military, or a dependent of a USAA member. USAA does not underwrite their own policies when it comes to RV/Travel Trailers, they partner with Progressive. I just got a quote from USAA/Progressive as I've been a member since 2004, an agreed value policy on my restored trailer was $880.00 a year.
That seems kinda high to me. My friend is paying somewhere just around $300 from what I remember. I'll have to ask her about the details of her policy and get back to you.
Agreed, it seemed too high to me also, but I placed it's value at 18k since I have receipts totaling over 14k, without any labor. I also put $500 deductible on it and personal property rider to cover what's inside. The funny thing is, it cost more to insure this one trailer then it cost to cover both my wife's car and my truck and my cargo trailer with max full coverage!
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mobiltec
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Post by mobiltec on Feb 22, 2014 22:10:46 GMT -8
And people don't believe me when I tell them I make peanuts on a restored trailer. Thanks for pointing that out Schweet. Yours is insured for about $8k more than my friend's so that probably has something to do with it. I should be talking to her tomorrow. Location can also have something to do with insurance costs but I'm no pro on insurance. I think we all get taken in the end some how. But I have heard of some pretty positive outcomes after an accident from people who bothered with the appraisals by professionals. There is a guy here who the insurance companies respect and he charges $1000 for an appraisal. I'm in the wrong business LOL...
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lamacki1
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Post by lamacki1 on Feb 23, 2014 7:16:18 GMT -8
Agreed, vikx. Sundance has upgrades to systems which should increase the value. And no, the purchase price and upgrade receipts don't come close to what you say she's worth. So I guess my best chance is to find an appraiser which isn't going to be easy.
Barbara
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1960shastamom
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Post by 1960shastamom on Feb 23, 2014 18:37:18 GMT -8
After doing all the hard work to restore our 1963 Friendship Vacationaire camper, I was determined to find insurance. Almost every place I tried either flat out refused or wanted a certified appraisal (without telling me where I could find someone to do that, especially in my home of Wisconsin). Eventually I stumbled upon American Adventure Insurance from somewhere in California. They hooked me up with Progressive Insurance in an "agreed amount policy" of $10,000 with no appraisal required. I did send photos and a detailed list of all the improvements ($4,500) and purchase price ($4,000) and my 100 plus hours of labor. The premium was $290/year, but got bumped up to $360 because I had a recent speeding ticket (going 45 mph in a poorly marked 35 mph zone). So, I just sucked up and paid because I do believe in insurance. By the way, the policy covers comprehensive and collision like an auto policy with a $500 deductible that decreases 25%/yr to $0 deductible in four claim free years. It also covers personal liability not only in the camper, but also in the camp site. I do know that other folks just added to their auto policy for very little money, but if it isn't an agreed value, it becomes worthless. Try depreciating a 50 year old camper based upon its original price. Anyway, I am satisfied although a little more financially poor. Another thing, I tried going to Progressive myself and immediately ran into the appraisal wall. Somehow, going through this independent agency, they were able to make it happen easily. Contact them at 888-930-3680. Talk to Hunter at extension 478. Mention the Friendship Vacationaire. I found this very interesting. I talked to Progressive just the other day, before I saw your post, about coverage on my Shasta. They said they don't do that kinda coverage and seemed confused about what I was asking for. Since I already have Progressive for my cars, they would just cover it since its being pulled, but would only give me depreciated value. Not sure what to do now?!
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mobiltec
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Post by mobiltec on Feb 23, 2014 18:44:22 GMT -8
Start going over people's heads. Seems like anyone who answer's the phone first is instructed to say no. No matter what the question is LOL... I do that at the DMV and they hate me for it but it always works.
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John Palmer
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Post by John Palmer on Feb 24, 2014 20:21:15 GMT -8
After doing all the hard work to restore our 1963 Friendship Vacationaire camper, I was determined to find insurance. Almost every place I tried either flat out refused or wanted a certified appraisal (without telling me where I could find someone to do that, especially in my home of Wisconsin). Eventually I stumbled upon American Adventure Insurance from somewhere in California. They hooked me up with Progressive Insurance in an "agreed amount policy" of $10,000 with no appraisal required. I did send photos and a detailed list of all the improvements ($4,500) and purchase price ($4,000) and my 100 plus hours of labor. The premium was $290/year, but got bumped up to $360 because I had a recent speeding ticket (going 45 mph in a poorly marked 35 mph zone). So, I just sucked up and paid because I do believe in insurance. By the way, the policy covers comprehensive and collision like an auto policy with a $500 deductible that decreases 25%/yr to $0 deductible in four claim free years. It also covers personal liability not only in the camper, but also in the camp site. I do know that other folks just added to their auto policy for very little money, but if it isn't an agreed value, it becomes worthless. Try depreciating a 50 year old camper based upon its original price. Anyway, I am satisfied although a little more financially poor. Another thing, I tried going to Progressive myself and immediately ran into the appraisal wall. Somehow, going through this independent agency, they were able to make it happen easily. Contact them at 888-930-3680. Talk to Hunter at extension 478. Mention the Friendship Vacationaire.
Wisconsinjoe, I'm curious, does the policy that you have "in your hand" specifically say AGREED VALUE in the total amount of $10,000?
In past conversation's with Progressive they have used the two different terms of AGREED VALUE and STATED VALUE interchangeably. They are NOT the same.
In a past life, I was a service manager of a large volume multi brand dealership. We had ten insurance repair jobs working at a time. The only insurance company that was "just plain cheap", and "unreasonable" was Progressive.
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John Palmer
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Post by John Palmer on Feb 24, 2014 20:25:39 GMT -8
Hi Wisconsinjoe, Were you able to check your Progressive policy wording yet? Just curious. John
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dsrtdwelr
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Post by dsrtdwelr on Apr 7, 2014 8:28:56 GMT -8
A suggestion to those seeking "AGREED VALUE" insurance. Here's a brokerage having two resources that regularly insure vintage trailers. One writes "AGREED VALUE" policies to owners who present documented valuation documents prepared by credentialed appraisers. So, if you're looking, try these folks:
Miller RV Insurance Lake Oswego, OR 97035 (800) 622-6347
I have no idea who their principals are or what the individual coverage rates might be.
Good hunting!
Jon Lundberg, ASA
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Post by bigbill on Apr 7, 2014 13:44:37 GMT -8
Years ago Progressive, Nationwide, and Allstate used to be a nightmare to work with but they all three are much better now. But if you don't have an agreed valve on your trailer and something happens you are in trouble no matter what insurance company.
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John Palmer
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Post by John Palmer on Apr 7, 2014 19:49:58 GMT -8
BigBill your correct. You really only need two things. An insurance company "licensed to do business" in your state. And a policy that says AGREED VALUE.
Not a STATED VALUE policy, or as I read above, "an agreed amount policy" of $10k, "with no appraisal REQUIRED", which SCREEMS that it's really just a stated value policy to me.
I just went around this topic with AAA, and their collector car representatives. They were at a drag race sponsored by their company with a company display writing collector car policies. My question to them was, "You have all my vehicle policies, except for Grundy has my Hot Rod". I would like to write my restored vintage travel trailer policy with you. Does your company offer Agreed Value on trailers? Their answer, sure we can insure it, just state the value, and we will write you a policy. I told them I wanted Agreed Value "up front" because I did not want to argue over the value after it was a total loss. They told me that they would appraise it "after the loss" and come up with a value. I asked them if they would accept a "certified value appraisal" from Jon Lundberg (who is also one of the professional people on this forum). They both said they knew his work very well, had the highest regard for his standards and appraisals, but still could not write a Agreed Value policy on a travel trailer.
And the beat goes on!
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bimmrr
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Post by bimmrr on May 28, 2014 12:13:43 GMT -8
Hey all, Been reading all the posts about the issues getting insurance. I have Esurance for my cars and went to their website and although Esurance does not write for trailers, they link you over to Progressive which does. I was able to get $6000 of "agreed value" coverage for our 1963 Shasta Compact for $173/year. If you bought within the last 2 years all they require is a copy of a bill of sale showing what you paid for it - (or perhaps what it is worth and is on BOS ?) or if you have had it over 2 years, an appraisal. Fortunately we just got it so I can use the less than 2 year deal but at least got "agreed value" versus "stated value". The website allows you to choose between the two and of course agreed value costs $50/year more but worth it. Regards, Mike
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65callie
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Post by 65callie on May 28, 2014 17:16:16 GMT -8
Hey all, Been reading all the posts about the issues getting insurance. I have Esurance for my cars and went to their website and although Esurance does not write for trailers, they link you over to Progressive which does. I was able to get $6000 of "agreed value" coverage for our 1963 Shasta Compact for $173/year. If you bought within the last 2 years all they require is a copy of a bill of sale showing what you paid for it - (or perhaps what it is worth and is on BOS ?) or if you have had it over 2 years, an appraisal. Fortunately we just got it so I can use the less than 2 year deal but at least got "agreed value" versus "stated value". The website allows you to choose between the two and of course agreed value costs $50/year more but worth it. Regards, Mike Be careful with Progressive. We got 2 "agreed value" policies with Progressive, 1 for our '65 18' Super the other for our '62 compact. I made sure the agent knew I wanted "agreed" and he said that they were agreed value policies. But when the policies came in the mail they read "$$$ OR cash value whichever is LESS. They did not get my money.
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John Palmer
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Post by John Palmer on May 28, 2014 18:31:37 GMT -8
Hey all, Been reading all the posts about the issues getting insurance. I have Esurance for my cars and went to their website and although Esurance does not write for trailers, they link you over to Progressive which does. I was able to get $6000 of "agreed value" coverage for our 1963 Shasta Compact for $173/year. If you bought within the last 2 years all they require is a copy of a bill of sale showing what you paid for it - (or perhaps what it is worth and is on BOS ?) or if you have had it over 2 years, an appraisal. Fortunately we just got it so I can use the less than 2 year deal but at least got "agreed value" versus "stated value". The website allows you to choose between the two and of course agreed value costs $50/year more but worth it. Regards, Mike Be careful with Progressive. We got 2 "agreed value" policies with Progressive, 1 for our '65 18' Super the other for our '62 compact. I made sure the agent knew I wanted "agreed" and he said that they were agreed value policies. But when the policies came in the mail they read "$$$ OR cash value whichever is LESS. They did not get my money.
EXACTLY! The insurance sales agents use the two terms interchangeably, but they ARE NOT THE SAME!
I love it when we have informed consumers. Maybe this thread was worth while after all.
You made my day, Callie.
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bimmrr
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Post by bimmrr on Jun 4, 2014 8:03:48 GMT -8
Hey all, I double checked the actual insurance documents and they do state "Agreed" value for both comp and collision with a $250 deductible. I am not a fan at all of Progressive so tried to make sure when applying I got agreed and I did. If I can get similar coverage from another company will drop Progressive at once. Regards, Mike
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tipsybunny
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Post by tipsybunny on Jun 18, 2014 19:09:29 GMT -8
This thread has been a very interesing read for this newbie! I called State Farm today to get a policy on my 68 Shasta. She said I needed to provide them with the original MSRP $$. So I've beeen searching the internet with no luck trying to get the info (anyone?). Now I know more of what to ask for in a policy rather than just blindly giving my money to State Farm because they insure everything else I have.
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