Insurance Coverages

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Joined
Oct 27, 2021
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1
Location
Phoenix, AZ
Hi guys! I'm on an insurance board panel reviewing new coverage options that should be offered.
As RV insurance customers, what would you want insurance companies to offer on their insurance RV policies that hasn't been offered or covered so far?
Think of coverage you wish could be offered through insurance which isn't currently covered under your current policy. All thoughts are welcomed. I will be discussing with the processing team later next week what majority of customers want. Thank you!
 
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Gary RV_Wizard

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Feb 2, 2005
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74,986
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At my Silver Springs FL home
Water damage is "covered" in most policies, but the conditions under which coverage applies can get complicated. Most policies require that such damage be caused by some external event (storm, falling tree limb, etc). I think RV owners would like to have coverage for water damage that occurs because of a mechanical failure, one that may be a lack of maintenance or simply an old roof that now has leaky seams. RV owners are NOT construction & maintenance experts and are often simply unaware of potential leak spots until water appears inside. At that point they could be held responsible for preventing further damage, but they don't want to have coverage denied because they didn't know an old caulked seam was going bad.

I suspect this could become a major cost concern for insurers, so maybe this needs to be an optional coverage, sort of like flood insurance. Whether people would buy it would then be a matter of premium cost.
 

Skookum

Well-known member
Joined
Dec 19, 2018
Posts
328
How about a supplemental medical policy for those on private medicare advantage plans or private commercial insurance, where those policies might not cover out of state care while on RV trips that involve "out of network" health systems. This would be for suffering a medical emergency on the road or medical costs due to a collision while driving the RV, everything that a regular health insurance plan won't pick up. This would be a Cadillac plan of sorts, which would also cover transportation costs of the RV back home if needed, transportation home if having to stay in a hospital, etc.

Lots of us aren't retirement age yet and have to deal with crappy commercial health insurance, and lots of retirees who also have medicare advantage plans are bound to specific health systems and networks.
 

Isaac-1

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Joined
Dec 3, 2016
Posts
5,267
Location
SW Louisiana
A better fair value assessment for older motorhomes, possibly based on condition, as it stands NADA is next to useless when it comes to older motorhomes that are in good condition. NADA for motorhomes is not based on actual sales data like it is for cars, instead it is at best a depreciation schedule that clumps lots of only vaguely similar stuff together.

As I see it the problem here is the pathetic condition of the average older motorhome often only good for being dragged to the salvage yard, dragging down the value of the small fraction that are well maintained units that have been garage kept, etc.
 
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