need new Insurance company

[Terry Neal]

By the way... Hartford didn't argue for a minute about the agreed upon
value nor did they ask for an appraisal.



We have an agreed upon value policy with Hartford on the PT40. I also
use the screwdriver policy (like Greg) on the FC. Couldn't come close
to Hartford's premium with anyone & I tried them all. A lot
depends upon your broker though. Just my experience.



Terry Neal

Bozeman, MT

82PT40 6V92TA

74FC34 6V53T











Pete Masterson wrote:







A. Limit of Liability is the lesser of:

1. Actual cash value of the property
2. Amount necessary to repair or replace ... with other ... like

kind and quality, or
3. Rating basis stated in the declarations
B. An adjustment for depreciation and physical condition will be

made in determining actual cash value in the event of a total loss.




-- This is pretty common language to most vehicle insurance

policies. I did not request a "stated value" policy (and I don't know

if one is offered). The policy is also subject to the California

Department of Insurance regulations (since the address used is in

California). This has some impact on how much of a hose they can use.




I've not had any claims under this policy (nor the previous

policy on my coach that I held).




I have twice in my life had to deal with "total loss"

situations, both handled through California State Auto Assn., which has

a better than average reputation.




The first time, the car was 45 days old (this was 33 years ago)

and my bride-to-be totaled it 2 days before our wedding. They paid

promptly after verifying that the vehicle was, indeed, not repairable.

(My bride-to-be rolled it 3-1/2 times.) They paid full invoice price of

the car, less 10 cents per mile and the deductible. They did not pay

the _sales tax_, however. Aside from the sales tax issue, the payment

was reasonable.




A couple years ago, someone made an ill-advised left turn in

front of my wife, causing a semi-head on collision. Her 12 year old

Honda Civic, was, to my surprise, "totaled." Frankly, the damage didn't

look that bad, but the cost of repairs exceeded the value of the car.

The insurance company paid off promptly at a reasonable value for the

vehicle as compared to the retail book price. (CSAA handled the claim

and re-collected from the insurance of the at-fault driver. CSAA is

notably pro-client in those circumstances, according to anecdotal

reports I've heard.)




As for the coach, I'm sure a total loss might bring out some

'discussion' over the loss amount, but I know to get the appropriate

professional help, should a negotiation occur. Since a total loss of a

vehicle valued above $100K is unlikely, it would mostly be a repair

situation, and the insurance company is basically "stuck" with a

reasonable number of repair estimates.




PS. I'm still married to the lady who totaled my brand-new car.

I didn't drive with her behind the wheel for nearly 10 years -- and now

I only do that very rarely. She does not drive my bus. Some things you

never forget.



 

Pete Masterson
'95 Blue Bird Wanderlodge WBDA 42
El Sobrante CA
"aeonix1@mac.com"







 





On Mar 5, 2008, at 2:59 PM, Leroy Eckert wrote:



But

is it agreed value for the life of the policy, in writing? If not, they

will bring the hose with them.



Leroy Eckert



1990 WB-40 Smoke N Mirrors



Dahlonega, GA



Royale Conversion







Pete Masterson <"aeonix1@mac.com">wrote:



When I got a quote on insurance from the agent lurking in a

CampingWorld store, the valued the coach based on the depreciated value

based on the original list price. It didn't matter that I had a receipt

for the actual price paid, etc. Their insurance price was way high

anyway. (And the "free" camping guide that was offered as an inducement

to sit down for the quote turned out to be a year out-of-date, too...

)




My first policy was with National Interstate Insurance

Company and my current policy is with Great American Assurance Company

through the FMCA Five Star program. (seewww.FMCAFiveStar.com) You need to be a FMCA member

to take advantage of their offering. The coverage was based on the

price I paid for the coach.





Pete Masterson
'95 Blue Bird Wanderlodge WBDA 42
El Sobrante CA
"aeonix1@mac.com"













On Mar 5, 2008, at 7:38 AM, Dorn Hetzel wrote:



I

can't even imagine what "book value" is for my 77FC35... Do they allow

negative numbers? 





<snip>









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