FMCA 5 star insurance

[Gregory OConnor]

Bob, Wallace has a good point. I did my own appraisals for insurance
on my tractors. I was told the appraisal sets max value for a claim
and that value is a factor in premium charged. Max value has nothing
to do with actual amount you can expect to get back in event of a
loss except for the top end of the claim (I think). I got a letter
that they need an indepent appraisal for an audit of the insurance
companies total loss obligation. I sent a letter back that I would
accomindate their appraiser (you want, it you get it). The guy they
sent said he charged them $1670. for the appraisal of a bunch of crap
that has less than $150K worth of market value.

My bus is insured in a personal policy with an other insurer. They
asked for an appraisal at the start and I sent them a letter stating
the value and how I calculated the value. You may want to check if
they are going to require the insured to update the appraisal every
three years. They may also allow or have a form for you to do or get
an appraisal.

I set the appraisal value below purchase price because my interior
was not pink.

GregoryO'Connor
underinsured and enjoying the premiums saved

. --- In WanderlodgeForum@yahoogroups.com, Wallace Craig
wrote:
>
> Bob, just a thought; why not ask FMCA who they want to do the
apprasial. Unless you get a commitment out of them in advance that
they will accept the appraiser, you have no assurance it will be
usable. Or get from them a list of names thay will accept and then
shop price on the appraisers.
>
> Bob Lawrence wrote:
> In the FMCA book was an ad for insurance offered at an FMCA
discount.
>
> I received a quote back after a week that stated they could insure
my
> 84 PT but would need an appraisal done in the last 3 years.
>
> Question...who should I contact to get one done.
>
> My present insurance Formost is costing me 725 per year and this
> company wants 515 per year...sounds good if I can get the appraisal.
>
> Bob Lawrence
> 84 PT36
> Tacoma, Wa.
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> Yahoo! Groups Links
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> Wallace Craig
> 95 WLWB 42
> Azle, Texas
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