Hot duck , Did you find insurance for the boat toter ?
09-24-2004, 10:56 AM
#2
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Re: Hot duck , Did you find insurance for the boat toter ?
I have a game plan figured out. I am either going to get a cheap RV trailer or I am going to trade in my 28' car trailer for something a little bigger with living quarters, if I can find a good used one that I can swing right now. I figure that if I go the car trailer route that it would be something that I would actually use as opposed to the RV trailer that would more than likely just sit forever. Check out the other thread and this will all make sense. Help Needed
Last edited by Hot Duck; 09-24-2004 at 11:06 AM.
09-24-2004, 11:18 AM
#3
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Re: Hot duck , Did you find insurance for the boat toter ?
I posted it twice, but I could not get the link to the other tread to work. If you want to see that whole thread, the last post to it was on Sept. 18 and it is on page 7 right now. Either way, I copied the post out of that thread that explains what I am planning to do. Here it is........
I think have it figured out. I talked to RV America and Good Sam again today.
Like they had told me before, neither company will take the truck by itself, but they will take it if there is a self contained RV trailer on the policy. Then they will include the truck in the policy as a tow vehicle for the RV trailer.
I told the agent at RV America that I don't own an RV trailer. He suggested to go and find the cheapest, self contained RV tailer out there so that I could use it to get an RV policy. He claims that he has had a lot of customers pulling big boats and horse trailers do this over the past few years in order to get non commercial insurance for their medium duty tow vehicles.
I asked him if we did this, would the truck be covered when traveling without the RV trailer. He said absolutely yes. I asked him if the truck was covered if it was pulling the boat. He said yes. He said that as long as there was an RV trailer on the policy, the truck would have full coverage no matter if the RV trailer was with it or not.
To test the theory, I called Good Sam back and asked them about this kind of arrangement. They said that, once again, they could take the truck if it was included with an RV trailer on the same policy. I asked them the same questions about the truck being covered when it was not with the RV trailer and their answers matched the ones that RV America gave. They said that the truck would be covered no matter if the RV trailer was with it or not. This made me feel a little better to get the same answer from two different companies. RV America and Good Sam are also underwritten by different companies, so I know that the source for their answers did not come from the same place. RV America is underwritten by Progressive and Good Sam is underwritten by GMAC.
So, it was time to do some homework. I priced some small, used RV trailers today. I found numerous ones under $2000 that were 100% self contained. I am considering grabbing one of these and just putting it in storage so that I can get the RV policy for the truck. It sounds crazy, but it works out in the long run.
RV America quoted me $700/year on the truck if I had an RV trailer on the policy. The RV trailer, valued at $2000 for easy numbers, would cost less than $200 a year to insure on the same policy. That is a total of $900/year for insurance if we do it this way.
For the truck by itself, I could not find anybody that would list it in anything other than a commercial policy, even if it was listed for private use only. That's stupid, but that is what I found after making dozens of phone calls over the last 2 days. Anyhow, the quotes on a commercial policy for just the truck ranged from $4800 - $7700/year!
So here is the bottom line. Buy a cheap RV trailer for under $2000 and get insurance for the pair for $900/year, or get insurance for just the truck for (the cheapest quote) $4800/year. This is kind of a no brainer. The overall savings in cost for the first year, including $2000 for the trailer purchase, is $1900. Then after the first year it will be a difference of $3800/year.
Obviously, I think that I am going to pursue this avenue. It sounds absolutely ridiculous, but the numbers work out to my advantage. I'll let you all know how things go. As always, thank you for all of your help!
I think have it figured out. I talked to RV America and Good Sam again today.
Like they had told me before, neither company will take the truck by itself, but they will take it if there is a self contained RV trailer on the policy. Then they will include the truck in the policy as a tow vehicle for the RV trailer.
I told the agent at RV America that I don't own an RV trailer. He suggested to go and find the cheapest, self contained RV tailer out there so that I could use it to get an RV policy. He claims that he has had a lot of customers pulling big boats and horse trailers do this over the past few years in order to get non commercial insurance for their medium duty tow vehicles.
I asked him if we did this, would the truck be covered when traveling without the RV trailer. He said absolutely yes. I asked him if the truck was covered if it was pulling the boat. He said yes. He said that as long as there was an RV trailer on the policy, the truck would have full coverage no matter if the RV trailer was with it or not.
To test the theory, I called Good Sam back and asked them about this kind of arrangement. They said that, once again, they could take the truck if it was included with an RV trailer on the same policy. I asked them the same questions about the truck being covered when it was not with the RV trailer and their answers matched the ones that RV America gave. They said that the truck would be covered no matter if the RV trailer was with it or not. This made me feel a little better to get the same answer from two different companies. RV America and Good Sam are also underwritten by different companies, so I know that the source for their answers did not come from the same place. RV America is underwritten by Progressive and Good Sam is underwritten by GMAC.
So, it was time to do some homework. I priced some small, used RV trailers today. I found numerous ones under $2000 that were 100% self contained. I am considering grabbing one of these and just putting it in storage so that I can get the RV policy for the truck. It sounds crazy, but it works out in the long run.
RV America quoted me $700/year on the truck if I had an RV trailer on the policy. The RV trailer, valued at $2000 for easy numbers, would cost less than $200 a year to insure on the same policy. That is a total of $900/year for insurance if we do it this way.
For the truck by itself, I could not find anybody that would list it in anything other than a commercial policy, even if it was listed for private use only. That's stupid, but that is what I found after making dozens of phone calls over the last 2 days. Anyhow, the quotes on a commercial policy for just the truck ranged from $4800 - $7700/year!
So here is the bottom line. Buy a cheap RV trailer for under $2000 and get insurance for the pair for $900/year, or get insurance for just the truck for (the cheapest quote) $4800/year. This is kind of a no brainer. The overall savings in cost for the first year, including $2000 for the trailer purchase, is $1900. Then after the first year it will be a difference of $3800/year.
Obviously, I think that I am going to pursue this avenue. It sounds absolutely ridiculous, but the numbers work out to my advantage. I'll let you all know how things go. As always, thank you for all of your help!
09-24-2004, 11:54 AM
#5
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Thread Starter
Re: Hot duck , Did you find insurance for the boat toter ?
thats great ! A friend of mine just bought one for $500 !!! Guy died and wife wanted it gone ! Check local papers and ebay . I see them all the time for $1k or less.
So what if your pulling an 8' pop up trailer behind your peterbuilt !
Hey ,thanks for doing all that reserch for the rest of us !
IF you would , in your spare time, check into how long of a trailer you can "legaly" tow behind that truck now ...... YOu might not like what you find ...Thats the only trouble with big trucks .the cops look much harder at us ! You could get away with it easier pulling it behind an F150 ! !
Actualy ,on second thought , don't find out ! You'll sleep better not knowing !
So what if your pulling an 8' pop up trailer behind your peterbuilt !
Hey ,thanks for doing all that reserch for the rest of us !
IF you would , in your spare time, check into how long of a trailer you can "legaly" tow behind that truck now ...... YOu might not like what you find ...Thats the only trouble with big trucks .the cops look much harder at us ! You could get away with it easier pulling it behind an F150 ! !
Actualy ,on second thought , don't find out ! You'll sleep better not knowing !
Last edited by boot; 09-24-2004 at 11:57 AM.
09-24-2004, 12:36 PM
#6
Platinum Member
Platinum Member
Re: Hot duck , Did you find insurance for the boat toter ?
BODYSHOT1: I just finished going through my e-mail a few minutes ago. You have e-mail waiting and a brochure on the way.
boot: It varies from state to state. I have a booklet that lists the maximum lengths for each state. Some states would let a train go down the highway while others would require a special permit to tow a 38' boat behind a pickup. If I am not mistaken, I believe that the booklet came from Myco. I'll see if I can dig it up. You are right though, I sleep better not knowing these numbers off the top of my head.
boot: It varies from state to state. I have a booklet that lists the maximum lengths for each state. Some states would let a train go down the highway while others would require a special permit to tow a 38' boat behind a pickup. If I am not mistaken, I believe that the booklet came from Myco. I'll see if I can dig it up. You are right though, I sleep better not knowing these numbers off the top of my head.
09-24-2004, 02:38 PM
#7
Registered
Re: Hot duck , Did you find insurance for the boat toter ?
Originally Posted by Hot Duck
BODYSHOT1: I just finished going through my e-mail a few minutes ago. You have e-mail waiting and a brochure on the way.
boot: It varies from state to state. I have a booklet that lists the maximum lengths for each state. Some states would let a train go down the highway while others would require a special permit to tow a 38' boat behind a pickup. If I am not mistaken, I believe that the booklet came from Myco. I'll see if I can dig it up. You are right though, I sleep better not knowing these numbers off the top of my head.
boot: It varies from state to state. I have a booklet that lists the maximum lengths for each state. Some states would let a train go down the highway while others would require a special permit to tow a 38' boat behind a pickup. If I am not mistaken, I believe that the booklet came from Myco. I'll see if I can dig it up. You are right though, I sleep better not knowing these numbers off the top of my head.
Thanks!!
Hope to see you soon!
cheers....
Marty
