Sep 16, 2011
What would you do….?
……if your RV insurance arrived and it was 50% less than usual?
Let me explain. We have our RV insured for full replacement value. We use a combination of a private insurance company and the Crown corporation ICBC to insure the motorhome. The ICBC portion has been $669.00 for several years. However Aviva with whom we have the motor home all risks policy has been $1645.00 Our choice to pay so much.
Yesterday we received Aviva’s annual invoice for a mere $765.00. I noticed that discrepancy immediately. Was the lower rate due to our RV turning 10 years old? Was it because we were such good customers? So I had Colin call our broker who said that perhaps we should leave well enough alone and that likely if there was an error in the pricing of the policy the motorhome would likely be covered!! The broker said she would call Aviva head office and tread lightly. She called us back within 5 minutes, there had been an error and we had to pay the full $1645.00.
So my question to you is, “What would you do?” ! Would you have left it at the $765.00 and just continue on and hope that nothing happened but that if something did happen, hope that you would be covered in full. Or would you have done what we did and follow up??
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I think we would have called them to make sure they did not make a mistake, would hate to have insufficient coverage.
I’m glad we called and followed up as we were rewarded in a big way. The RV insurance as well as our home insurance also due has gone way up. The broker checked around and we are now with a different insurer and have saved $568.00 over what we would have paid had we stayed with Aviva. Good move.
I probably would have called them. Finding out you do not have full coverage is best not done at the scene of an accident! Even if it was their computer problem, they would not readily admit it and it might take some time and money to straighten it all out.
I agree-you don’t want it to come back and bite you youknowwhere!!!
I too would have called a.s.a.p. I always need the answers..
Definitely would have called. The “surprise” of not being covered if an accident happened would have been a whole lot worse than paying the big bucks. But how wonderful that they found you a different insurer for less money. We always like those types of deals.
The right decision!! If it sounds too good to be true its wise to double check the source! Good to save a few bucks by new insurer…
WOW Canadian insurance is expensive!
Our coach is a 2002 and is insured for replacement value. But not new replacement value, is that what yours is? I devalue the coach each year when insurance is due and currently insure for $90,000 which is about $20,000 over Blue Book. I insure through Progressive and the policy also includes collision coverage while in Mexico as long as I purchase the Mex liability. My current policy is $780.00 a yr. In Jan I will devalue the coach another $15,000.00 and see what my premium will be. I also have a $250.00 deductable.
FYI I have the same coach as the C’s
Yes loved that we saved money with the new insurer!
Chuck……you missed something. We are choosing to insure for full replacement value as in NEW replacement value. We feel that if something happens to the rig we would like to replace it to as close as possible. We know a few people who lost their RVs to fire, etc and if that happened to us we would not be able to afford a new RV. There are a few times while in Mexico that we had a few smouldering issues that could have proven to be a disaster had we not noticed the problem which we might well not have. Even last October, on our first night out, we had a problem with the generator wires which caught fire! So our choice to pay the big insurance bucks.
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