Re: [VAC] Insurance

["Richard P. Kenan" <as5368@xxxxxxxxxxxxxx>]

Gary:

	I'm certainly not an insurance expert, but have you tried using a 
different wording, like "replacement value" instead of "stated value?"  I 
think insurance companies have a number of ways of insuring various things; 
for homeowner's insurance, consumer advocates warn that you generally want 
"replacement-value" insurance.  Some policies, I understand, use the 
original cost basis, which is not too good unless you have a fire the day 
after purchase.  Replacement-value insurance is, naturally, more expensive 
than original-cost insurance, I'm told.
	My insurance on both trailers is with State Farm; so far, they've been 
very good about honoring their policy (one claim).  The problem I see with 
this kind of insurance is understanding just exactly what is covered by the 
RV insurance policy (read it) and what is covered as an "extension" of your 
tow vehicle's policy.
	Good luck on your quest.

- Dick
(5368)
Professor Emeritus Richard P. Kenan	Tel: 404-894-4702	FAX: 404-894-4700
Georgia Institute of Technology	email: rkenan@ece.gatech.edu
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