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Old 05-10-2017, 04:58 PM   #1
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Insurance value

I have a used 2012 escape 19 that I have insured with Geico but I can't get an answer from them on what they would consider the value of the trailer if it was totaled. I also have quotes from Progressive and Good Sam (National) and they also won't give me that info. It is easy if you have a new trailer to get a total replacement policy and all of the companies that I have contacted agree to use the price that I paid as the starting price. However none can tell me what they will use if I file a claim and none of the guides I can find have the Escapes listed. The NADA does have Casita listed but the price of a 2012 is about half of what they are going for. Am i missing something?

Graham
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Old 05-10-2017, 05:08 PM   #2
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Originally Posted by gyuill View Post
I have a used 2012 escape 19 that I have insured with Geico but I can't get an answer from them on what they would consider the value of the trailer if it was totaled. I also have quotes from Progressive and Good Sam (National) and they also won't give me that info. It is easy if you have a new trailer to get a total replacement policy and all of the companies that I have contacted agree to use the price that I paid as the starting price. However none can tell me what they will use if I file a claim and none of the guides I can find have the Escapes listed. The NADA does have Casita listed but the price of a 2012 is about half of what they are going for. Am i missing something?

Graham
I would get replacement value, based on the cost of replacing it new, not on what is determined as current worth. This is what I have always done, and I believe many others do too.
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Old 05-10-2017, 05:21 PM   #3
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It does not seem that the companies I have contacted wil do full replacement on used trailers.

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Old 05-10-2017, 05:25 PM   #4
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Ate they not all used pretty quickly?
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Old 05-10-2017, 05:38 PM   #5
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I think Progressive will give full replacement for 5 years only starting with a new trailer. I don't think they willl do that on a 1 year old trailer.
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Old 05-10-2017, 05:39 PM   #6
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Graham:
For what it's worth, we have our 17B insured with GEICO. We had been long-time GEICO policy holders for our autos when we bought our Escape (new) in 2015. GEICO shows on our policy (combined auto & trailer) that the Escape is covered for "replacement" value. I don't know whether or not they offer this level of coverage for other than new trailers. With Escapes holding their value as they do, we would only consider a policy the offered replacement coverage. Hope this information is of help.
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Old 05-10-2017, 05:49 PM   #7
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Was it insured new and is there a limit (years) on the full replacement? Is it a replacement with a new trailer? (2017)
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Old 05-10-2017, 06:01 PM   #8
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I am with State Farm and insured my new Escape 17B brought home in March. Their version of "replacement value" is current market value. When I asked just what "current market value" meant they said they would look at the market prices for Escape trailers outfitted like mine, same year, etc and that would determine the "replacement value".

I asked about having a policy that would replace it full cost for a new trailer and they said nobody does that. Too expensive to cover.

If someone has a full cost new policy I'd be interested in hearing about it.
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Old 05-10-2017, 06:07 PM   #9
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I am with State Farm and insured my new Escape 17B brought home in March. Their version of "replacement value" is current market value. When I asked just what "current market value" meant they said they would look at the market prices for Escape trailers outfitted like mine, same year, etc and that would determine the "replacement value".

I asked about having a policy that would replace it full cost for a new trailer and they said nobody does that. Too expensive to cover.

If someone has a full cost new policy I'd be interested in hearing about it.
That is almost precisely what my agent told me when we talked about the Progressive policy I am getting. Jim, who are you getting yours with?
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Old 05-10-2017, 06:07 PM   #10
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I had full replacement on my 19 for the 6+ years I owned it.
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