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Insurance

Yahoo Message Number: 2036
I purchased my 99 Magna at Lazy Days in 1999. I was steered to National Interstate for insurance, which has an office right at Lazy Days. I have been paying approx $2300. for insurance annually. Shame on me for not doing competitive shopping. The most competitive quote for a reputable RV insurer I got for the same coverage as National was approx $1400. About a thousand dollars a year less. The reason I didn't do a lot of shopping was I thought all of the companies would be about the same..give or take 100 or 200. Boy was I wrong. It definetly pays to shop around for everything related to RVs, including insurance.
When you do shop around, be sure to include Gilbert RV Ins, they are located in Orlando, FL

Insurance

Reply #1 –
Yahoo Message Number: 2037
Good point....I too was sold the National Interstate policy by Lazy Days when I bought my coach. But at an FMCA seminar on insurance it was pointed out if you have a coach older than 3-5 years....you better have purchase price coverage or you will get actual value for a loss which may not even cover what is owed if financed. Natt. would not write such coverage so I switched to RV Alliance which has a policy developed by FMCA. Also, they will write original price coverage. Added a $2 million umbrella which covers tow jeep (seperately insured) for nearly the same cost. All said....it does pay to shop AND to know your coverage.

Re: Insurance

Reply #2 –
Yahoo Message Number: 2041
Jim, I am sure it is possible to save money on insurance if you shop around. I have been unable to beat National Interstates price with any quote I have received from competing companies. I really should say agencies, all the companies mentioned are actually Insurance agencies who then shop the policy to underwriters. I have compared National Interstate to many other agencies and none has been able to beat National Interstate price on an EQUIVALENT policy. RVIA wasn't even in the ball park on a comparable policy, they were several hundred dollars higher. I also received a quote from Camping Worlds agency located next door to Lazy Days in Florida, they quoted a lower price but then when I looked at the details the coverage wasn't as good and had a higher deductible. I think it depends on the state of coverage. I did ask RVIA if I changed my residency from Florida to Livingston, Tx if it would make any difference in the quote. Yes, it would. It would have lowered the premium by about $300.00. The thing I like about National Interstate is that for the 1st 5 years they will replace a total loss rig with an equivalent new rig...

I have heard so many good things about the RVIA agency that I actually wanted to go with them but I couldn't justify paying them an extra $300. for same coverage I had with National Interstate.

Ray

2000 Intrigue 11040

Re: Insurance

Reply #3 –
Yahoo Message Number: 2043
Ray, what you say may be true but I gave the Gilbert agency my policy and they matched coverage line for line...absolutely the same including guaranteed value and it was $900.00 less.
Maybe they messed up on mine but I've learned a good lesson. I definetly will shop around in the future. The problem in the beginning was I didn't know who to go to and who specialized in RV insurance. I have a much better idea now.
 

Re: Insurance

Reply #4 –
Yahoo Message Number: 2132
One thing that happens at Lazy Days with insurance is that they insure you at the list price and not the price you paid. You always want to us the actual price for insurance which is at least 20% below list.

Bill G. 2001 Magna