Good morning guys, I’m running a little late (who me?) on getting and agreed appraisal finished for a very special coach. lemme get it done and off to his insurer and I’ll come back and tell you all about the appraisal process and why it’s so dang important. Listen, if you could not get insurance to cover all of this investment you’re having fun with you are just taking too much of a risk.
Lemme give you a hint about later…….. if you have “full coverage” on your motorhome you will have to argue with those folks for $6000! I’ll talk about this later….. see ya then.
So it goes without saying the coach above has a value higher than $6000! The value though is not in anything having to do with the original value of the coach…. heck, mileage at this point is sort of a mute subject!
A “full coverage” policy is designed and based on the original integrity of the vehicle less age and mileage…. NADA can give you a pulse on what a car is worth but there is no listing for a 40 year old motorhome because there is NO value at this stage of anything original on the coach. No….. the value is in how it has been kept, how many things have been updated and upgraded….. basically what is in it now and what is that worth is the question so you need an insurance policy that identifies that value.
Just like getting insurance for your classic…. reallt beautiful antique car you need an “AGREED VALUE” insurance policy. Not “stated”, you will be arguing with this waving your receipts but your value is really up to them….. NO to that, you need an agreed value policy. Now Hagerty or any of the other unique and classic car insurance folks don’t want anything to do with insuring your classic motorhome…. they require a car to be stored inside, a maximum annual mileage limit and the vehicle can only be driven to the shop or to an event. Hey, that’s not us! We want to burn up the road so what do you do? If an agreed value policy were not available for coaches we build like this one I would be taking your money…… if you can’t insure the coach for what you have in it…….