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08-18-2014, 04:47 PM
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#1
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Commercial Member
Join Date: Apr 2014
Location: Hillsboro, Oregon
Trailer: 2014 Escape 21 - "Felicity"
Posts: 2,945
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Good Sam Insurance for trailer policy
Good Sam rep told me on the phone that they have no way of sending me a copy of their standard policy unless the insurance is "bound", which actually means AFTER I buy it. I actually read contracts before I sign them, so I'm curious if anyone who has Good Sam could email me a copy of their policy terms. Their rates are a bit better than if I bought coverage from my auto insurance supplier, but I'm leery of buying anything without knowing what I'm paying for - impossible to compare cost vs benefits without reading the contracts.
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Charlie Y
Need custom storage to your design? Don't drill holes!
www.RVWidgetWorks.com
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08-18-2014, 05:40 PM
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#2
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Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
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I think mine was only $124/year added to my auto policy, how much lower is GS?
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Jim
Sometime life gets in the way of living.......
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08-18-2014, 06:16 PM
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#3
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Senior Member
Join Date: Dec 2013
Location: Clovis, California
Trailer: 2014 Escape 19
Posts: 328
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How could any reputable company expect anyone to buy what they're selling without seeing and agreeing to the terms before you buy it?
My trailer endorsement on my truck policy cost nothing extra and it covers the trailer and its contents.
I'd ask to speak to his/her supervisor. If you get the same, look elsewhere for your coverage.
Just sayin...
__________________
Don't make excuses for failure, seek ways to succeed.
Mark
Blizzy and Dakota (Da Boyz)
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08-18-2014, 06:24 PM
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#4
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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Mark,
I'd read the small print if I was you. I've never heard of an insurance company handing out extra coverage for free and I can't imagine them replacing your 19 ( maybe if it was stolen with the tow vehicle attached? ).
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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08-18-2014, 07:14 PM
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#5
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Senior Member
Join Date: Dec 2013
Location: Clovis, California
Trailer: 2014 Escape 19
Posts: 328
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Yup. I read all the verbage of my policy. It's there. Even my chemo-scrambled brain got that.
Insurance companies have always been known for short changing claims. You won't know until you need them. Best policy is to not need them, but its somewhat helpful to at least to have a policy with a well-known insurer.
Didn't need 15 minutes to save hundreds on my car insurance. :
__________________
Don't make excuses for failure, seek ways to succeed.
Mark
Blizzy and Dakota (Da Boyz)
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08-18-2014, 10:38 PM
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#6
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Senior Member
Join Date: Dec 2012
Location: Edmonton, Alberta
Trailer: 1979 Boler B1700
Posts: 14,935
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Quote:
Originally Posted by gbaglo
I've never heard of an insurance company handing out extra coverage for free and I can't imagine them replacing your 19 ( maybe if it was stolen with the tow vehicle attached? ).
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Our insurance company listed our trailer at no extra cost... but I assume we have only liability coverage, not collision repair of the trailer. Contents should covered as personal property under the household policy, just as if they were in the van.
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08-18-2014, 10:42 PM
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#7
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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A pertinent question. Is the policy in effect when the trailer is detached from the tow vehicle?
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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08-18-2014, 11:14 PM
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#8
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Senior Member
Join Date: Nov 2010
Location: Denison, Texas
Trailer: 2015 21'; 2011 19' sold; 4Runner; ph ninezero3 327-27ninefour
Posts: 5,136
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A trailer is covered for as much as you cover it for, which can include sitting in storage or being towed. You basically get what you pay for. Some companies will replace your trailer with a new one if it is a total loss in collision, fire or however. That is to say, it will be replaced with the newest version of that trailer with the options it had when bought, as opposed to being replaced with one that is equal to the value of it by its year made. That newest version replacement coverage is only done in the first five years and, of course, you pay for that far more than your auto carrier would charge. (Don't know that auto carriers have such coverage.) In general, an RV insurance company will insure more and you pay much more for the added coverage.
__________________
Cathy. Floating Cloud
"Live in the sunshine, swim the sea, drink the wild air.... "
Emerson
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08-18-2014, 11:35 PM
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#9
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Senior Member
Join Date: Dec 2012
Location: Edmonton, Alberta
Trailer: 1979 Boler B1700
Posts: 14,935
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Quote:
Originally Posted by gbaglo
A pertinent question. Is the policy in effect when the trailer is detached from the tow vehicle?
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Mine? Presumably no, since it is for third-party liability... I don't think there's much harm the trailer can do to anyone else while it's parked.
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08-19-2014, 12:03 AM
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#10
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Commercial Member
Join Date: Apr 2014
Location: Hillsboro, Oregon
Trailer: 2014 Escape 21 - "Felicity"
Posts: 2,945
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I read through the basic Good Sam policy a forum member sent; pretty much standard stuff - nothing special good or bad. Biggest surprise is the top holding company is General Motors! Just weird they don't put it up on their website.
__________________
Charlie Y
Need custom storage to your design? Don't drill holes!
www.RVWidgetWorks.com
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08-19-2014, 12:04 AM
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#11
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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Unless it falls on a thief while he's trying to steal it and then he sues you.
My point is that you get what you pay for. Insurance companies are not on your side.
If you have third party liability while connected to your tow vehicle, you don't have much insurance. Nothing in a collision, nothing if stolen, nothing if vandalized.
The insurance company is not your friend.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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08-19-2014, 12:26 AM
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#12
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Senior Member
Join Date: Dec 2012
Location: Edmonton, Alberta
Trailer: 1979 Boler B1700
Posts: 14,935
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Quote:
Originally Posted by gbaglo
Unless it falls on a thief while he's trying to steal it and then he sues you.
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Quote:
Originally Posted by gbaglo
My point is that you get what you pay for. Insurance companies are not on your side.
If you have third party liability while connected to your tow vehicle, you don't have much insurance. Nothing in a collision, nothing if stolen, nothing if vandalized.
The insurance company is not your friend.
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Close... in a collision which is someone else's fault (the only kind I have ), they pay for my my losses... inclung the trailer, regardless of my coverage.
My current trailer is very old. Hundreds of dollars a year in insurance for protection from a small and unlikely loss makes no sense. A more valuable trailer likely calls for more coverage.
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08-19-2014, 12:30 AM
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#13
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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All true.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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08-19-2014, 12:52 AM
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#14
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Senior Member
Join Date: Apr 2014
Location: Olympia wa, Washington
Trailer: 5.0TA 2017
Posts: 2,255
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I'm just going to add my trailer to my auto insurance about 125 a year.
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08-19-2014, 12:58 AM
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#15
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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Quote:
Originally Posted by Fox hunt
I'm just going to add my trailer to my auto insurance about 125 a year.
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So, my question would be, if I'm paying $350 or so for insurance, what am I getting? And, what are you getting for $125?
I am getting guaranteed replacement ( a new Escape trailer ) with a $250 deductible. $3million in third party liability. $5,000 personal property and travel interruption.
What ever you choose to do, just make sure you know what you are getting for what you are paying. If you are comfortable with that level of risk, then go for it.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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08-19-2014, 01:25 AM
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#16
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Senior Member
Join Date: Apr 2014
Location: Olympia wa, Washington
Trailer: 5.0TA 2017
Posts: 2,255
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I insured it for the price I paid for it it is a 2012 the value will will decrease with age. Can't remember my deductible I think it is 250 or 500. My horse trailer is insured for about the same. I think what I'm paying is pretty standard for the US.
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08-19-2014, 01:39 AM
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#17
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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But, insured it for what? Against theft, vandalism, collision? And, if the value decreases with age, how do they determine the value? Are they using Blue Book, where values are determined based on what a stick-built is worth ( since that is the common trailer that they have data on )?
Will they "total" the trailer and hand you a cheque for $4,000?
If my trailer disappeared or was totaled tomorrow, I will get a new 2015 Escape 17B with the same equipment.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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08-19-2014, 02:03 AM
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#18
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Senior Member
Join Date: Apr 2014
Location: Olympia wa, Washington
Trailer: 5.0TA 2017
Posts: 2,255
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Yes I am insured for all of the above and yes I will not get new price for my trailer but I did buy it used. If it's totaled i will get replacement not as sweet a deal as yours but a good enough level of security for me. Since there is not a valid blue book for our trailers they are using my purchase price as value.
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