As most of you RVers know, full timers need special insurance on their rigs and for liability purposes. We had a full timers policy but after the episode with the generator when they couldn’t figure out which part of the policy to cover it under, I decided maybe I should be more aware of our insurance issues.
We have been full timers for almost four years and I’m just now figuring out that we needs to take a good hard look at our insurance coverage. That’s not a good thing. I should have been paying attention four years ago. And I did attend a couple of seminars on insurance at the Escapade Rally.
In fact they were both put on by Jack and I learned several things but never did anything about it. Didn’t make any changes to my coverage or even let him look over my policies to see if he’d suggest some changes to them.
Now we’re at the Good Same Rally and we head over to an insurance seminar and Jack is once again the presenter. He’s been specializing in RV insurance since 1999 and was a full time rver until they decided to buy a farm in Virginia.
After attending his seminar, no more procrastinating. We went back to the rig, rounded up our policies and headed to his booth to see what he could do for us. Left everything with him and told him we’d be back the next day.
Bottom line – he increased our coverage, lowered our deductible, increased our contents coverage and saved us a whole bunch of money.
Our original limits on our truck were 100,000/300,000/100,000 and 5,000 each person. Our deductible was 1,000 for collision and comp coverage. At a cost of $1445.98 per year. (This price did not include our latest claim for the tailgate and generator so the cost of the policy would go up in September when it was time to be renewed.)
Our new policy has limits of 250,000/500,000/100,000 and 5,000 each person. Deductibles were lowered to 500. And the cost per year is $909.00. A savings of $536.98 per year. And the new policy takes into consideration our claim on the truck and generator.
As for the RV – We increased our limits and reduced our deductible as well as increasing our contents coverage to 10,000 from 5,000. The cost of this police did go up from $447 per year (not including our generator claim under contents) to the new policy amount of $545. An increase of $98 which makes for a net savings of $438.98 a year. That’s money that can now go in the fuel tank!!!
Everyone’s situation is unique to them, but I would highly recommend that you have your policies reviewed by someone who is a specialist within the RV industry.
Jack is with Twin Peaks RV Insurance Agency and they represent several different insurance companies. http://www.twinpeaksinsurance.com
Jack also looked over our boat policy which we have with State Farm and told us that we have the best coverage there is with them so we won’t be changing that policy.
Be safe out there as you travel the highways and byways.