rv2go wrote: You can drop your Liability while stored. Keep your Comprehensive. This will cover you for fire, thief and glass breakage. Some Insurance carriers will not let you drop Liability if there is a lien on it.
Also, some financial institutions require full insurance year round if it's financed even if in storage. OP, you'll need to check with both the ins company and the lien holder to be sure.
chuckster11 wrote: "Another concern about dropping your liability coverage is that your RV is being stored near other peoples RVs and boats. What happens if by some odd situation you have a fire in your RV? And if the fire spreads to the other persons RV you might be liable for the loss of their RV. But with no liability coverage in effect you have to pay for the loss of their RV yourself. Can you afford that?"
I'm no lawyer but I believe that an owner would have to be held negligent in some way in this situation. The mere fact that your unit catches on fire and burns adjacent units does not make the owner legally responsible for the loss to those adjacent units.
As an example, if you drive your car into Walmart parking lot and it ignites for some reason, you are not liable for the damages to adjacent cars--unless you have negligently caused the fire.
Of course that does not prevent someone attempting to sue you for the damages--which will require you to defend yourself.
You bring up a good point. But defending yourself from a lawsuit, even if you win, could cost you thousands of dollars.
Not practical for me to cancel. Savings were only about $65 annually and I still required insurance for fire, theft, liability and collision within my storage lot (someone could hit & run). I would have to call each time in late fall (November) and early spring (March) when I wanted to 'exercise' it.
Eric
2009 Holiday Rambler Admiral 33SFS (34' 3")
2008 Jeep Liberty - North Edition
FQCC/Camping Quebec, KOA, Good Sam, Coach-Net My Photos
John S wrote: Should I call my insurance guy and tell him to put my Class C RV down as being "in storage" so my insurance costs are reduced while I am not actually driving it over the next 4-5 months?
I have it parked on a lot that a mechanic rents out to RV'rs and boats, etc... Figure there will not be a lot of activity around it but there could be some. Not sure what would happen if someone bumped into my rig.
If so, and someone damages it - is it worth it to save some insurance bucks...??
From what I understand, having it listed as being in storage means you are still covered for theft and some other hazards like storm damage, etc.... Not sure you would be covered for an impact from another vehicle while it is sitting in storage. Anyone know the rules here?
Just a thought. Why don't you call your insurance company and ask them?
We suspend the liability portion of our insurance when we are not using the motor home for 30 days or more, and the savings is well worth it. But we "store" ours at home.
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