Insuring your Oliver

[rideadeuce]

Since the replacement costs of the Oliver and worth keep going up. How does everyone go about making sure their policy will cover? We have had ours insured through State Farm for several years and it is pretty cheap but wanting to make sure we have adequate coverage due to upgrades and cost of replacement increases. Thought it would be a good discusstion. Any input would be appreciated.  

Cheers, 

Mike

[Shawna and Scott]

We have a policy with Progressive currently that gives us full replacement up to five years. After that they give us what we paid or it. It is cheap and seemed to be what everyone was offering in our part of the country.

[Half Fast Hugo]

28 minutes ago, rideadeuce said:

Since the replacement costs of the Oliver and worth keep going up. How does everyone go about making sure their policy will cover? We have had ours insured through State Farm for several years and it is pretty cheap but wanting to make sure we have adequate coverage due to upgrades and cost of replacement increases. Thought it would be a good discusstion. Any input would be appreciated.  

Cheers, 

Mike

We also use Progressive but the coverage is "Agreed Value" which basically means we said we want it insured for a specific dollar value. We're the second owners and set the value at what we have into it so it wouldn't replace it with new but we would get our money out of it which works for us. Coverages can vary by state though and may not be identical based on your state of residence.

[rideandfly]

We use Auto Owners insurance and have increased Ollie's insured value three times, so far. Started out at what we paid for Ollie used in 2016, then with upgrades and continued increasing value, adjust insured value when needed. Never dreamed needing to increase our camper's value when we purchased Ollie. 🙂

[Coastal Aggie]

Ive been using State farm. when i crashed the 2022 at the time i dont believe there were any other used LE1's on the market so they paid out enough to cover the increased cost of a 2023 with all the same factory upgrades.

[Wandering Sagebrush]

As we bought a used Oliver, it is insured at the purchase price (State Farm).  If we bought new, I’d certainly want a policy for replacement value.