NADA Wanderlodge Listings
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04-21-2015, 18:22
(This post was last modified: 04-21-2015 18:28 by cmillsap.)
Post: #45
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RE: NADA Wanderlodge Listings
May I add one other thing to the conversation? It was insinuated that overvalued NADA values on my bus allowed me to get it covered for more than it is worth. I don’t know about other insurance company’s policy regarding their issuance of agreed value policies. I do know that it didn’t matter how much the NADA value was above what I paid for it, my insurance company would only issue a policy for no more than the amount that I paid for the bus or less.
So if that is the standard rule with all RV insurers then the NADA over valuing of an RV would have no effect in providing owners with inflated coverage. I’d guess the reasoning for this is that they are in the business of insuring you loss and not in the business of assisting owners in making a profit off their insurance policy. Chuck & Tela Millsap 2003 Prevost Marathon XLII 2000 LXi #2 S/S (Sold) 2004 M380 D/S (Sold) 2000 LXi #1 N/S (Sold |
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