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):
And since my residence is South Dakota, (we’re full-timers), Steve Little referred me to a South Dakota State Farm agent:
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, and all who offered help!
Ed
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