Most of us have had less than good experience with insurance...even though it is an important part of our lives.
We have to pay an extra premium for our FWC with Sublimity Ins. ( I think owned by United Heritage )
The agent asked me to declare value when writing the extra coverage...so I hope that is what settlement would be in a totaled claim.
A small sporty car was totaled recently while parked on a city street.
The adjuster who called me took more than two weeks to propose a settlement value so I finally presented the adjuster with Web based advertisements for the like model, year and mileage.
Adjuster averaged the three I had sent them and sent me a check overnight.
I was happy with the settlement but still sad at the loss of vehicle...I cannot REALLY go out and find one just like what we lost......and all the shopping and shipping and bother will be on me.
David Graves
The insurance company wants to know what the value of your camper is to give them a basis for what the cost will be. You will need to know if your coverage is actual cash value or stated value. If it's ACV your settlement will be based on the value at the time off loss, just like your car or truck. The problem with FWCs is they keep going up in value and insurance companies don't know how to value them. To my knowledge there is no KBB or similar price guide. The insurance adjuster usually has to contact an rv broker who will look up what similar campers are going for in the current market. This is a problem because as we all know FWCs/ATCs rarely come up for sale and "similar" campers are selling for quite a lot less. You did the right thing by providing values for your car. It's harder to do with our campers because our best resource for values is this website. It helps your cause by printing out what comes up for sale - the problem is we can't prove what it sold for and how fast. Still better than nothing. It's unfortunate that we have to do all of this work to get a fair settlement but in this case you have to fight for what you deserve. Again, your agent can provide a vital role by being your advocate for a fair settlement.