John S
Chicago, IL
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Should I call my insurance guy and tell him to put my Class C RV down as being "in storage" so my insurance costs are reduced while I am not actually driving it over the next 4-5 months?
I have it parked on a lot that a mechanic rents out to RV'rs and boats, etc... Figure there will not be a lot of activity around it but there could be some. Not sure what would happen if someone bumped into my rig.
If so, and someone damages it - is it worth it to save some insurance bucks...??
From what I understand, having it listed as being in storage means you are still covered for theft and some other hazards like storm damage, etc.... Not sure you would be covered for an impact from another vehicle while it is sitting in storage. Anyone know the rules here?
John & Peg S.
99 Coachman Class C - 24ft
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cruiserjs
Aurora, CO, USA/ Mesa AZ/ openroad
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Simple answer here - Yes! It will save you a lot of $$. We do the same with our second(mama's) car while we are away for the winter.
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Polishnurse
Schodack, NY
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I don't think you will be saving that much on your insurance, since the insurance companies calculate that is used for casual use and properly less then 5000 thousand miles a year. I know I pay more because I drive over that number. I get it with my cars, but nothing on my RV/
You should give them a call anyway never know. Bill
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skipnchar
Topeka Kansas USA
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Joined: 12/17/2003
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I think it depends on how your policy is structured. Mine for example requires I give them a projected number of miles in a given year and they ASSUME that it's not being driven (towed) the rest of the time and my rates take that into account already.
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rv2go
Fulltime between Knoxville, TN and the coast.
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You can drop your Liability while stored. Keep your Comprehensive. This will cover you for fire, thief and glass breakage. Some Insurance carriers will not let you drop Liability if there is a lien on it.
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chuckster11
Idaho
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Depends on which company writes your insurance--some premiums are indeed calculated based on six months usage but that assumption is getting more rare these days. At best you will save six months of Liability, medical, uninsured motorist, and Collision coverage which can be substantial. If there is any chance that someone could hit your unit with another vehicle, might want to consider leaving collision on it. Frankly that happening is rare in well designed storage areas. Usually, comprehensive is all that is necessary to protect your interest and satisfy most leinholders.
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wny_pat
Western NYS
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You should be asking your insurance guy, not us. He knows how your policy is written. And from what I have read around here I would make sure that there is fire, theft, and comprehensive on it while it is in storage. Do not depend on the storage company to cover anything, even though they should.
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cm
Dillon, CO USA
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rv2go wrote:You can drop your Liability while stored. Keep your Comprehensive. This will cover you for fire, thief and glass breakage. Some Insurance carriers will not let you drop Liability if there is a lien on it.
It is the lien holder that will not allow you to drop some coverages.
In some states that have mandatory liability insurance laws you may have to turn in your license plates if you suspend your liability coverage.
Another concern about dropping your liability coverage is that your RV is being stored near other peoples RVs and boats. What happens if by some odd situation you have a fire in your RV? And if the fire spreads to the other persons RV you might be liable for the loss of their RV. But with no liability coverage in effect you have to pay for the loss of their RV yourself. Can you afford that?
There are other things that can happen with suspended coverages.
Losses that can be covered by insurance involve possibility and probability. What can possibly happen? And what is the probability that something might happen. You will be self insuring these risks without coverage. How much risk are you willing to assume to save some of the insurance premium?
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chuckster11
Idaho
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"Another concern about dropping your liability coverage is that your RV is being stored near other peoples RVs and boats. What happens if by some odd situation you have a fire in your RV? And if the fire spreads to the other persons RV you might be liable for the loss of their RV. But with no liability coverage in effect you have to pay for the loss of their RV yourself. Can you afford that?"
I'm no lawyer but I believe that an owner would have to be held negligent in some way in this situation. The mere fact that your unit catches on fire and burns adjacent units does not make the owner legally responsible for the loss to those adjacent units.
As an example, if you drive your car into Walmart parking lot and it ignites for some reason, you are not liable for the damages to adjacent cars--unless you have negligently caused the fire.
Of course that does not prevent someone attempting to sue you for the damages--which will require you to defend yourself.
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retired logger
WA USA
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cruiserjs wrote:Simple answer here - Yes! It will save you a lot of $$. We do the same with our second(mama's) car while we are away for the winter.
Yes I agree we have our RV covered with GMAC and if I need to move the RV while in storage. I just give them a call and I have full coverage for 24 hours... Works for us.
* This post was
edited 10/24/09 03:16am by an administrator/moderator *
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