Insurance for high-end coaches

[ehochuli85]

How does the owner of a Newell, Prevost, Foretravel or other “high-end” coach find insurance? We mortgaged our future and sold our kids into slavery to buy a 2023 Newell, but then I hit a brick wall in finding insurance to cover the whole thing. I learned that many folks self-insure a large part of it, or some get two policies, (which you can’t do in some states). But I financed as much of the coach as I could, (my money makes far more invested than the 4% I’m paying for the loan), but the lender insists on coverage to the extent of the loan. So I either have to find insurance for the whole loan, or put almost a million down on the purchase. Besides, why would I want to take the chance on totaling a $2M coach by fire or otherwise, and not have insurance to cover the whole thing?

So I started this thread seeking insurance advice, since I was striking out everywhere in my search for full coverage on a $2M coach. I tried FMCA, Progressive, RLI, Safeco, and the agents who have been recommended for insurance for high-end coaches. None of those carriers would go over $1M, and the agents to whom I was referred, (including Ron Jarvie, Melissa Thum), couldn't get me anything.

Ultimately, Steve (CaptainGizmo) referred me to State Farm, and he was right – thank you CaptainGizmo‼! State Farm is the answer for expensive coaches. Steve referred me to his State Farm agent in CA (and AZ):

• Steve Little (CA & AZ) - [email protected] / 310-954-9754

And since my residence is South Dakota, (we’re full-timers), Steve Little referred me to a South Dakota State Farm agent:

• Aaron Smith (SD) - [email protected] / 605-361-3515

Aaron has lined me up with full coverage and exactly what I want with State Farm. Delivery of the coach in 3 weeks!

Thanks again, CaptainGizmo,

Ed

 

[Neal]

Any news on your delivery @ehochuli85?

 

[ehochuli85]

Next Tuesday, Neal!! Not that we're counting, but time to delivery:

 

[sheridany]

Thanks to Captain Wizmo I also was connected to the Stare Farm team Ed mentioned above and they were able to reduce my annual cost by 1/2. Pretty darn impressive.

Thanks Captain.

 

[Webz]

I had State Farm for many years in the S&B house. When we had to sell it due to eminent domain. There is now a turnpike where the house stood.
We decided to go full time and was told State Farm does not insure full time RVs.
Maybe it has changed.

 

[ARD]

Next Tuesday, Neal!! Not that we're counting, but time to delivery:
View attachment 11870

When's the big reveal? Is it everything you dreamed?

 

[ehochuli85]

Thank you for asking, @ARD! It's awsome - everything we hoped for, and more. It’s been an exhausting week, though, with three days of instruction on how to use the new coach, and moving everything from the London Aire to the Newell, (which exposed how much crap we’ve accumulated over the last several years of full timing.) Who could know that an RV could contain so much stuff!

I do plan to post some pictures and a little discussion about the delivery process, but it’ll probably be next week before I get to it. We're still trying to put our thinks away in the new coach and learn how to turn the lights on and off!!

Ed

 

[ARD]

That is AWESOME @ehochuli85! I know ya'll must be exhausted. I'm so very excited for you and Cathie and looking forward to you sharing your upcoming adventures in a spectacular coach!