TRX250R.ORG
General => Lounge => Topic started by: havinnoj on January 24, 2014, 05:38:56 PM
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Any insurance agents here? I'm looking to revise a couple of policies. Seems like Agreed Value would be the best (if you can find someone to write that). In my search, I found that Progressive offers an Actual Cash Value with a "dollar for dollar non-depreciated replacement cost" clause. Note that an ACV policy by itself is junk for our machines. So does the replacement cost clause make this on-par/equal with an Agreed Value type of policy?
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I'm interested in this too. Buddy had a twin turbo viper with agreed value policy, and it was a fair deal they settled when he wrecked it.
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Alright Pinned.. Where ya at!?
Agreed Value is nice since you know the exact amount you'll get but seems to be hard to find coverage for ATV's.
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I am going to be looking for this type of insurance for my motorcycle soon, so I'm interested in this also.
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Haha alrighty boys I'll try. I am an insurance agent but currently in commercial insurance, i did personal lines for State Farm only, and I researched and pushed very hard for an agree value type policy, but was having no luck. Havinnjo, you are right, acv(actual cash value) or replacement costs are worthless on our machines.
I attempted writing them as a personal articles policy, very inexpensive, but State Farm would not bite on it "because it has a motor." Yet lawn mowers and many tractors are suitable for this coverage.
Then I tried seeing if they could fall under "personal property" on a homeowners or renters policy, and got the same answer, however, i did find a loop hole!!! PARTS! If the atv is in parts and parts are hurt in a loss, while not attached to the bike, there is coverage.
Keep me updated if you find a policy that does agreed value! I will ask my personal lines girls to investigate with our 5 companies too!
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Haha alrighty boys I'll try. I am an insurance agent but currently in commercial insurance, i did personal lines for State Farm only, and I researched and pushed very hard for an agree value type policy, but was having no luck. Havinnjo, you are right, acv(actual cash value) or replacement costs are worthless on our machines.
I attempted writing them as a personal articles policy, very inexpensive, but State Farm would not bite on it "because it has a motor." Yet lawn mowers and many tractors are suitable for this coverage.
Then I tried seeing if they could fall under "personal property" on a homeowners or renters policy, and got the same answer, however, i did find a loop hole!!! PARTS! If the atv is in parts and parts are hurt in a loss, while not attached to the bike, there is coverage.
Keep me updated if you find a policy that does agreed value! I will ask my personal lines girls to investigate with our 5 companies too!
Thanks Pinned. Can you give me your $0.02 on a Progressive Specialized Coverage policy a local broker sent me (recommended by my local SF agent)?
Progressive's Specialized Coverage offers an Actual Cash Value (ACV) policy for which I can augment by purchasing up to $30,000 in custom accessory coverage which provides "dollar for dollar non-depreciated replacement cost, with no deductibles, up to the limits of liability, for accessories that cannot be repaired... We'll cover equipment, devices, accessories, enhancements, and changes, other than those which are original manufacturer installed, which alter the appearance or performance of the motorcycle or off-road vehicle..."
Would that be similar to a AV policy or should I go to another shop? Additionally, I'm already skeptical of Progressive so not sure if I want to rely on them. Otherwise I'll move to companies that offer AV for motorcycles (Grundy, Safeco, etc.) and see if they'll do the same for an ATV.
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Hmmm it sounds like it is very similar to AV but I have the same feeling towards progressive, they are a company that tends to target sub par groups, and are a major pain in the butt to deal with quite often. I am curious to see Grundy and safecos policies.
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Hmmm it sounds like it is very similar to AV but I have the same feeling towards progressive, they are a company that tends to target sub par groups, and are a major pain in the butt to deal with quite often. I am curious to see Grundy and safecos policies.
Thanks Pinned. I'll report back with my findings.. hopefully the cost isn't too prohibitive.
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Havinnoj I work for GEICO and I am a licensed insurance agent for Family auto policies. I would certainly give GEICO's MOAT department a call. We offer many different insurance types. When setting up your ATV policy notify them of the customization and their value and the policy should be rated according to the customization. Give them reference # 167149 before you start the quote. If we don't have exactly what your looking for I would suggest finding a broker near you to do the leg work for you. I will check for you today at work and see what else I can find out.
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Havinnoj I work for GEICO and I am a licensed insurance agent for Family auto policies. I would certainly give GEICO's MOAT department a call. We offer many different insurance types. When setting up your ATV policy notify them of the customization and their value and the policy should be rated according to the customization. Give them reference # 167149 before you start the quote. If we don't have exactly what your looking for I would suggest finding a broker near you to do the leg work for you. I will check for you today at work and see what else I can find out.
Thanks Pro-Fab. I haven't yet looked into GEICO.
At this point, these companies don't offer any type of Agreed Value policy:
State Farm
Foremost
Safeco
I'm waiting to hear back from Grundy, Haggerty, American Modern Insurance.
Esurance uses Progressive for ATV's. Progressive seems to be the closest thing to an Agreed Value; however, when reading the fine print it appears that though they deem it an "Agreed Value" there can be some adjustment to value/payout in a claim. But that doesn't surprise me coming from Progressive. For 2 quads, AV listed as $12k and $15k it's about $900-$1200/year to cover both bikes. Do you or [MENTION=85]pinned250r[/MENTION] have an opinion on how high collision and liability should be?
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I use progressive. Max agreed value is $15,000. I have 2 quads that I got the agreed upon value of 15k. It is $25 a month for each. The only way to actually get your agreed upon value is to have your local shop write a value quote and hang onto it or send it to progressive to have in their file. You are also required to send pictures of all angles. If you don't do this and your quad is stolen they can value it at whatever they want.
Also when I set it up with my agent I had him state in the file that if it where to be stolen my quad would not be replaced by progressive but I shall receive equivalent money to rebuild it identical to what I have. I also made a parts list of ever part and price to purchase new.
Progressive actually sent me a piece of mail that indicates everything required to submit to receive agreed value. I will try to find this and post a picture of it on here for you.
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I use progressive. Max agreed value is $15,000. I have 2 quads that I got the agreed upon value of 15k. It is $25 a month for each. The only way to actually get your agreed upon value is to have your local shop write a value quote and hang onto it or send it to progressive to have in their file. You are also required to send pictures of all angles. If you don't do this and your quad is stolen they can value it at whatever they want.
Also when I set it up with my agent I had him state in the file that if it where to be stolen my quad would not be replaced by progressive but I shall receive equivalent money to rebuild it identical to what I have. I also made a parts list of ever part and price to purchase new.
Progressive actually sent me a piece of mail that indicates everything required to submit to receive agreed value. I will try to find this and post a picture of it on here for you.
Thanks man - it'd be great to see what you have on file. You can actually take the bikes over $15k each, it just requires a bit different process. Are you paying $50/month for a total of $15k on both bikes? Or is that $15k per bike ($30k total)?
Progressive calls this "Agreed Value" but it isn't quite what I remember from top shops like Grundy for their AV auto policies. With the latter, everything is done up front for the "agreed value" in the policy; whereas Progressive allows for adjustments to be made during a claim even on an AV policy.
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FYI, that policy I mentioned earlier that my buddy had on his viper was also with Progressive.
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This is good stuff!!!! I have a good friend who is an agent with progressive, I will call him. He may have geico too but I don't believe so.
Havinnoj, why are you wanting liability coverage?
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I want coverage to replace my quads and trailer if got stolen, again...
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This is good stuff!!!! I have a good friend who is an agent with progressive, I will call him. He may have geico too but I don't believe so.
Havinnoj, why are you wanting liability coverage?
I'm used to having everything covered under an umbrella so I thought I'd want liability [MENTION=85]pinned250r[/MENTION]. Liability coverage is if my ATV does bodily (or property) damage to someone I believe.. seems like something I'd want to have or do you think otherwise?
I did find out that Progressive Direct can only sell the ATV policy. Their motorcycle policy can also cover ATVs but it falls under Specialized Coverage (since I'd betaking advantage of the up to $30,000 in custom parts) and that can only be purchased from an independent agent/broker.
I want coverage to replace my quads and trailer if got stolen, again...
Lots of these policies have trailer coverage and obviously much easier than trying to find an AV policy for quads.
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I also have my enclosed trailer covered but it is under West bend mutual. Its like $28 a year and is covered for $8,000. If the trailer was stolen it would not cover anything inside.
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I will have to check more into my 2 atv policies, both R's are insured for $10k a piece. And I want to know what I get if they get stolen, I mite have to get them appraised as well.
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And my insurance is through allstate.
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Liability is the best coverage you can have. So Bodily injury liability will cover the other party in the event that you cause bodily harm to another person. The property damage Liability is going to cover the damage you cause to another party's property. The comprehensive coverage is going to protect your quad for theft, vandalism, weather related incidents, and just in general things that are out of your control and not related to colliding with anything other than an animal. Your Collision coverage is going to help you repair your quad in the event that you are in a moving collision with another object/ vehicle/ rollover. Most trailers dont require a liability insurance because usually the vehicle insurance is going to cover any trailers attached. The contents of your trailer will likely be covered by your homeowners/ renters/condo insurance, besides vehicles. Keep in mind this is just general information and not guaranteed as insurance laws differ from state to state. These statements are generally the case.
In my opinion most Agreed value policies are not all they are made out to be. There is fine print that needs to be carefully interpreted to make sure you are buying exactly what you want.
Back on the Liability coverage... the umbrella policy that was mentioned does cover extra general liability and usually from $1mil-$5mil in coverage and is a great option. However, Liability placed on a policy specific to your atv is going to protect you the most because the excluded perils (damage reasons not covered) list is going to be specific to the nature of the coverage and vehicle. Liability insurance is typically very inexpensive too.
I was unable to speak with anyone in our MOAT department for you today just due to the nature of my schedule, but I encourage you to call GEICO just to weigh all of your options. We often have the lowest rates, best coverage, best customer experience and the highest claims satisfaction in the industry with an average of a 24-48 hour claims turn around time.
I encourage everyone to quote their insurance needs with GEICO I have had friends and family switch to GEICO and save over $100/ month with higher liability limits and better service.Give them the code 167149 before you get your quote.
I know most people hate insurance and its just a necessity for them to drive their vehicles but it is really there to protect you.
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When I got mine I checked with every recognized insurance company I could think of and progressive was the only one I was able to find that offered coverage on an agreed upon coverage. I've had the coverage for along time now so I don't remember the details but I remember they agreed to the value of $15k because I had it appraised by a local shop and they wrote me an appraisal for $15,800 so there is no way progressive can say it is worth less then that. Also to be safe I have an excel spreadsheet with every part on the quad and the price that it would cost to replace. I brought this with me when i had it appraised to help come to value. I keep everything in a folder for each quad along with printed pictures of all angles of the quad and up close of each quad so if in the event it was stolen I have everything organized and ready to hand over. If your going to go this route cover ur bases.
I had to do some digging but this is the letter progressive sent me when I signed up. I believe this is from 2010:
(http://i905.photobucket.com/albums/ac256/tretimit16/Mobile%20Uploads/20140129_203520_zps4c947d8b.jpg) (http://s905.photobucket.com/user/tretimit16/media/Mobile%20Uploads/20140129_203520_zps4c947d8b.jpg.html)
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When I got this I called them and said I didn't have documentation for the purchase of all the parts. That is when they indicated the only way around that is to get it appraised.
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Back on the Liability coverage... the umbrella policy that was mentioned does cover extra general liability and usually from $1mil-$5mil in coverage and is a great option. However, Liability placed on a policy specific to your atv is going to protect you the most because the excluded perils (damage reasons not covered) list is going to be specific to the nature of the coverage and vehicle. Liability insurance is typically very inexpensive too.
Thanks Profab. I have GEICO and your code down on my insurance to-do / to-call list.
I can talk to my State Farm agent about this but thought I'd ask in case you knew. Would there be any benefit to double insure my quads to take advantage of my umbrella coverage (thinking personal injury liability)? Then I'd buy company X's agreed value policy to cover a major wreck or theft (collision & comprehensive)?
I agree that insurance is a hassle but like most things we pay for.. we'll be happy if we ever need to use it.
When I got mine I checked with every recognized insurance company I could think of and progressive was the only one I was able to find that offered coverage on an agreed upon coverage. I've had the coverage for along time now so I don't remember the details but I remember they agreed to the value of $15k because I had it appraised by a local shop and they wrote me an appraisal for $15,800 so there is no way progressive can say it is worth less then that. Also to be safe I have an excel spreadsheet with every part on the quad and the price that it would cost to replace. I brought this with me when i had it appraised to help come to value. I keep everything in a folder for each quad along with printed pictures of all angles of the quad and up close of each quad so if in the event it was stolen I have everything organized and ready to hand over. If your going to go this route cover ur bases.
Thanks for the info and pic. Did an ATV/cycle shop to the appraisal? I can't imagine Average Joe Insurance Appraiser would have any idea on one of these.
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It was a motorsports shop. Lets just say I knew someone that worked there :)
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The major advantage to having liability on your atv policy is that your umbrella insurance is excess insurance and cover above and beyond after your other policies pay out for claims. Also umbrella underwriters tend to cancel umbrella policies after so many claims (usually one or 2 within a 3 year period depending on the size of claim) The more liability insurance you have specific to each policy usually means the better you are protected for occurrences pertaining to that specific exposure. While an Umbrella may provide you with the protection you need for liability in certain instances it may not. For instance my boat insurance with GEICO is a stated value policy with a value of $20,000, and provides me with 100,000 combined single limit bodily injury liability and 50,000 property damage liability for $220 per year The protection is specific to the liabilities involved in boating and water sports as well as the property associated with the nature of the exposure as well, also it includes perils like oil spills and covers up to 850,000 in liability for oil spill clean up and boat recovery in the instance of my boat capsizing or sinking. My atv insurance costs me about the same for 100/300 and 25,000 with a $100 deductible for comprehensive. My atv policy has my mods listed and would be considered in the adjustment should anything happen to my quad. However, I never asked for an agreed value policy, which we may offer.
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It was a motorsports shop. Lets just say I knew someone that worked there :)
Nice. I know a few guys that would be willing to do an appraisal - hoping whatever insurance company I choose will allow them or someone halfway knowledgeable about 250r's/quads.
The major advantage to having liability on your atv policy is that your umbrella insurance is excess insurance and cover above and beyond after your other policies pay out for claims. Also umbrella underwriters tend to cancel umbrella policies after so many claims (usually one or 2 within a 3 year period depending on the size of claim) The more liability insurance you have specific to each policy usually means the better you are protected for occurrences pertaining to that specific exposure. While an Umbrella may provide you with the protection you need for liability in certain instances it may not. For instance my boat insurance with GEICO is a stated value policy with a value of $20,000, and provides me with 100,000 combined single limit bodily injury liability and 50,000 property damage liability for $220 per year The protection is specific to the liabilities involved in boating and water sports as well as the property associated with the nature of the exposure as well, also it includes perils like oil spills and covers up to 850,000 in liability for oil spill clean up and boat recovery in the instance of my boat capsizing or sinking. My atv insurance costs me about the same for 100/300 and 25,000 with a $100 deductible for comprehensive. My atv policy has my mods listed and would be considered in the adjustment should anything happen to my quad. However, I never asked for an agreed value policy, which we may offer.
Good to know. I'll discuss options with SF on this.
I looked online and GEICO specifically states "accessory coverage is not currently available for ATVs." I'll give them a call and see if they have an AV policy.
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Couldnt agree more about liability coverage being a necessity(although i dont run it on my quad). I was asking just simply because i wanted to know if your state requires you to carry it where you ride.
I would be tempted to ask if your umbrella automatically covers your quad if you carry no liability on it. Seems like your HO liability covers everything else, why not this? I never did research that far as to see if my HO liability would cover any loss on my quad. It really is a shame we need to worry about things like this today, getting in an ACCIDENT, regardless of fault, and getting sued over it.
I contacted my progressive guy, and he is doing some digging for me. I will post whatever i discover.
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Couldnt agree more about liability coverage being a necessity(although i dont run it on my quad). I was asking just simply because i wanted to know if your state requires you to carry it where you ride.
I would be tempted to ask if your umbrella automatically covers your quad if you carry no liability on it. Seems like your HO liability covers everything else, why not this? I never did research that far as to see if my HO liability would cover any loss on my quad. It really is a shame we need to worry about things like this today, getting in an ACCIDENT, regardless of fault, and getting sued over it.
I contacted my progressive guy, and he is doing some digging for me. I will post whatever i discover.
Great info RE: HO liability. I'll ask my SF agent. Thanks for looking into the Progressive options. I'm curious to see how a seasoned insurance agent interprets their "Agreed Value" and part coverage options.
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The contents of your trailer will likely be covered by your homeowners/ renters/condo insurance, besides vehicles.
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Having just dealt with this, I can say this is not always true depending what all is in your trailer. renters insurance allows for like 1% of the home value for off site loss. So we have our house insured for $210k, so I received a check for $2100, which definitely did not cover all the stuff I had in the trailer. If your house is $100k then you may only be looking at getting $1000
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Got some good news today! I have my HO with Citizens, they have a REC VEHICLE ENDORSEMENT that extends your liability to off premises riding, which would also allow your umbrella to extend! Equaling a lower costs on your quad insurance.
I am still delving into progressive a little more about the coverage, but i have also sicked one of my personal lines girls on it to see if citizens offers any kind of AGREED VALUE coverage also.
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I haven't read every single post but are y'all saying it's for rec use or race? I tried insuring mine through progressive for $18k (quad and trailer at new) and they wanted about $500 per 6 months. Through progressive my motorcycle insurance is only $12 per month. Why is it so much more?
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So a couple of things here... ATVMXR so you are correct in that usually property insurance only covers a certain percent of your homes main structure. This all depends on your policy. The thing about insurance is that the only true statement is "it depends" each claim is dependent upon the situation, what the policy covers, and what the policy does not cover.
Did a little digging with GEICO and we don't currently have an agreed value policy for motorcycles or atvs. I would look for a specialized or personal lines broker, it sounds like pinned may have a connection with one. However, you will want to make sure they broker is licensed for your state and the underwriting company will even write in your state. Just a few legalities to watch out for. Progressive may be your best bet at this point, but as you stated before, it sounds a little weird how they have that the vehicle and OEM parts are valued with ACV and the listed parts are covered up to a certain amount. I would bet they actually pay acv for the parts too. So they would be valued at new cost minus depreciation.
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Got some good news today! I have my HO with Citizens, they have a REC VEHICLE ENDORSEMENT that extends your liability to off premises riding, which would also allow your umbrella to extend! Equaling a lower costs on your quad insurance.
I am still delving into progressive a little more about the coverage, but i have also sicked one of my personal lines girls on it to see if citizens offers any kind of AGREED VALUE coverage also.
Very cool for you! Keep me updated with what you find here.. and thanks for looking!
I haven't read every single post but are y'all saying it's for rec use or race? I tried insuring mine through progressive for $18k (quad and trailer at new) and they wanted about $500 per 6 months. Through progressive my motorcycle insurance is only $12 per month. Why is it so much more?
Haven't crossed that bridge yet but mine are for recreational use. My quote for Progressive's "(pseudo) Agreed Value" of $27,000 was about $1,000/year. I'd imagine atv's are more expensive because of accident risk.
So a couple of things here... ATVMXR so you are correct in that usually property insurance only covers a certain percent of your homes main structure. This all depends on your policy. The thing about insurance is that the only true statement is "it depends" each claim is dependent upon the situation, what the policy covers, and what the policy does not cover.
Did a little digging with GEICO and we don't currently have an agreed value policy for motorcycles or atvs. I would look for a specialized or personal lines broker, it sounds like pinned may have a connection with one. However, you will want to make sure they broker is licensed for your state and the underwriting company will even write in your state. Just a few legalities to watch out for. Progressive may be your best bet at this point, but as you stated before, it sounds a little weird how they have that the vehicle and OEM parts are valued with ACV and the listed parts are covered up to a certain amount. I would bet they actually pay acv for the parts too. So they would be valued at new cost minus depreciation.
Thanks for looking at GEICO. As noted earlier, Progressive's Specialized Coverage for custom motorcycle parts (which apparently can cover ATV's as well) reads as follows: "[Progressive] provides dollar for dollar non-depreciated replacement, with no deductibles, up to the limits of liability, for accessories that cannot be repaired." To me that doesn't sound like ACV or RV for covered custom parts.. sounds like you'd get your money back to buy new replacement parts (if damaged beyond repair).
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It sounds like a viable option through Progressive. I had progressive for a year my only suggestion is to keep an eye on your coverage's. We raised our liability to 100/300/100 which obviously increased our rates. 6 months later I got our renewal and our rates had gone up and to our surprise they never raised or limits to 100/300/100 even though we had the paper work and our rates initially raise. Called them they said they never made the change, and i never called them. I faxed in paper work and they still wouldn't honor it. So we paid an extra $100 for nothing and had a rate increase of $125 upon renewal that they could not explain. I never did make any claims with them so i cant tell you how they are.
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Any update on this? Progressive is a no go, i've talked to many underwriters about this and it is not possible, even with appraisal.
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Any update on this? Progressive is a no go, i've talked to many underwriters about this and it is not possible, even with appraisal.
Grundy said they would do an Agreed Value policy but I would have to have a collector vehicle (non-ATV) insured with them as well. Since I don't have another vehicle I want to insure when them, that won't work. I may explore moving a car to them if this looks like it's my only option. Haggerty is also out since they only insure stock ATV's, 1985 and older.
Progressive has been my back up plan but I've been meaning to look into this more. After talking with a Progressive Direct agent, he assured me that using their Specialized Coverage for Accessory Coverage that it would meet most of my needs.. though I am a bit weary.
There are a couple of shops that specialize in custom vehicles like choppers that I need to follow up with.
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I just saw a new Allstate commercial couple days ago for motorcycle ins and it included new bike replacement. For street bikes, but some of them are $$$. So maybe a new option?
Im still not sure why people are trying to find liability ins for quads? I just want it covered if stolen. I've never heard anyone being held liable or sued for crashing into some one. Probably only a matter of time with our sue happy, money for nothing society....
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Im still not sure why people are trying to find liability ins for quads? I just want it covered if stolen. I've never heard anyone being held liable or sued for crashing into some one. Probably only a matter of time with our sue happy, money for nothing society....
Bingo, you hit it on the nose. I pay $25/atv for my liability extension from my homeowners(500k). The court system is beyond screwed up, if I were to get in an accident with someone who didn't have any health insurance, guess who's paying their bills? Yep, me, the one who follows the rules and has health insurance and liability on a "hazard" it is complete crap. But gotta protect myself, my family, my home, etc.
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well on the various forums I know of people being seriously injured and even killed at Little Sahara and Silver Lake - and not once have I heard of any repercussions to the people that hit them...
but like you said, better to plan ahead just in case
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well on the various forums I know of people being seriously injured and even killed at Little Sahara and Silver Lake - and not once have I heard of any repercussions to the people that hit them...
but like you said, better to plan ahead just in case
Right, i havent heard of any real crazy stuff, i know johann(@morse250r) had some issues in his accident at silver, but i think that was more damage done to the other guys vehicle. But eitehr way, for $50/yr im gonna plan on the safe side.
The deaths at silverlake always scare the crap outta my family, im there a few times a week usually and every bad accident we get lectured on how dangerous it is.
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Late to the discussion here, but I have my 250R insured through State Farm at a agreed value for replacement. Now, since I have had this policy since 1995, I am not exactly sure of all the fine-print details. However, when I set up the policy with my local agent, I provided him with a list of the aftermarket parts I installed on the quad as well as 4 listings of other 1986 250R's for sale at that time. He then wrote me a policy for replacement cost coverage of $5500, based on this information. Then 5 years later (2000) I get a letter from my agent asking me to please provide an update to the replacement cost of my quad. So I did and it was then insured for a replacement cost of $7500, based on buying another used 250R and putting my same modifications to it. This has stayed the same, every 5 years I update the replacement cost on the policy. Over the years, this started out a a cost to me of $85 per year and now it is up to $120 per year. Again, I am not sure what other coverage I have, for I was mainly concern with theft/fire-damage/loss, since before this quad I had a highly modified ATC200X stolen. I do believe that I have liablity and collision coverage on the policy as well now. So I don't know if the policy I have is not worded the same way that Havinnoj is seeking the policy to be worded, but I have "double-checked" with my State Farm Agent a few times over the last couple of years and I am assured that I have the coverage...
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Late to the discussion here, but I have my 250R insured through State Farm at a agreed value for replacement. Now, since I have had this policy since 1995, I am not exactly sure of all the fine-print details. However, when I set up the policy with my local agent, I provided him with a list of the aftermarket parts I installed on the quad as well as 4 listings of other 1986 250R's for sale at that time. He then wrote me a policy for replacement cost coverage of $5500, based on this information. Then 5 years later (2000) I get a letter from my agent asking me to please provide an update to the replacement cost of my quad. So I did and it was then insured for a replacement cost of $7500, based on buying another used 250R and putting my same modifications to it. This has stayed the same, every 5 years I update the replacement cost on the policy. Over the years, this started out a a cost to me of $85 per year and now it is up to $120 per year. Again, I am not sure what other coverage I have, for I was mainly concern with theft/fire-damage/loss, since before this quad I had a highly modified ATC200X stolen. I do believe that I have liablity and collision coverage on the policy as well now. So I don't know if the policy I have is not worded the same way that Havinnoj is seeking the policy to be worded, but I have "double-checked" with my State Farm Agent a few times over the last couple of years and I am assured that I have the coverage...
Thanks for the feedback. I'm still trying to track down the best options.
Replacement Cost Value (RCV or RV) or Stated Value is not the same as Agreed Value. It's my understanding that you can give an insurance company an RCV or Stated Value of $10,000 but when it comes to a claim you will not see that $10,000 since the insurance company will determine what they think the RCV is. An Agreed Value policy of $10,000 = $10,000, period.
I'd check your policy to see if it has a clause that says something like "we will pay either the RCV or Agreed Value, whichever is less."
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@86Rider , when this thread first started I was working at State Farm, I was the top producer in my office and really searched up and down for an agreed value policy, but it wasn't possible. They would do replacement cost, but I had to write it as an auto policy and the cost was just ridiculous(like a few hundred a year), and the "value" to them was nomore than $2500.
Now since you started the policy back in 95, you may be grandfathered into some sort of special policy, I wouldn't doubt that, as I saw many customers with Life insurance policies that SF stopped selling 20 years ago. So you could have something like that, however I would ABSOLUTELY check that out.
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Yeah, with all of the investigation here on this thread into insurance, I definitly will dig deeper into my policy. Like I said, I've not really thoroughly read through it in quite a few years.
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Bingo, you hit it on the nose. I pay $25/atv for my liability extension from my homeowners(500k). The court system is beyond screwed up, if I were to get in an accident with someone who didn't have any health insurance, guess who's paying their bills? Yep, me, the one who follows the rules and has health insurance and liability on a "hazard" it is complete crap. But gotta protect myself, my family, my home, etc.
I got some BDT chrome dog shit to sell ya right here ! Theres an old song by Papa Roach that says when the shit you own winds up owning you......it`s time to GTFO of it ! I love this discussion about as much as paying taxes !:flipping-the-bird::flipping-the-bird::flipping-the-bird: And so you start buying insurance in case you were not insured enough........ and then it`s sorry sir we believe you have NO CLAIM !:flipping-the-bird::flipping-the-bird::flipping-the-bird: I`m sorry sir......i`m insured with the sawed off 410 right here.......so GTF off my property ! And then.......the insurance industry was BIGGER then the Obama Administration ! You guys are the ones that will have to deal with this ! My cost for health insurance (full price) is $1,500 a month......can you guess my age ? I`d rather go to Glamis on off weekends or when johnny pigs not there.......then wait for it,,,,,,,, buy anymore insurance :flipping-the-bird::flipping-the-bird::flipping-the-bird:
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Yeah how bout an explanation.......can`t voice your opinion ? I want a pm about it !!!!
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Yeah how bout an explanation.......can`t voice your opinion ? I want a pm about it !!!!
Glammy, each to their own I guess, but being in the business, I see it often where people don't have the coverage they want, or just plain cannot buy what they truly want. However in this case, I have what I want, and unfortunately if someone used me for 1/2 mill, a shotgun isn't gonna protect my family from living in the streets, and it sure won't allow me to be the dad I want to be.
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Glammy, each to their own I guess, but being in the business, I see it often where people don't have the coverage they want, or just plain cannot buy what they truly want. However in this case, I have what I want, and unfortunately if someone used me for 1/2 mill, a shotgun isn't gonna protect my family from living in the streets, and it sure won't allow me to be the dad I want to be.
I hear what your saying DAD.......you gotta protect your empire but your always gonna be disappointed @ the final results of your premiums . Dollar for dollar on an ATV ? I`d buy swamp land first .
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I hear what your saying DAD.......you gotta protect your empire but your always gonna be disappointed @ the final results of your premiums . Dollar for dollar on an ATV ? I`d buy swamp land first .
I can honestly say I am happy with my premiums, especially on the quad. $25/yr? Are you kidding me? That's about 50 cents per week for 500k in liability. With the end result of whoever may be suing me getting paid, and me paying a $500 deductible. I'll take it.
Ps- I used a 4.10 when I was 7. Your guns weak! :owned:
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I can honestly say I am happy with my premiums, especially on the quad. $25/yr? Are you kidding me? That's about 50 cents per week for 500k in liability. With the end result of whoever may be suing me getting paid, and me paying a $500 deductible. I'll take it.
Ps- I used a 4.10 when I was 7. Your guns weak! :owned:
HA.....you bend and twist because .......wait for it......you get your money for nothing......and your chicks for free ! Oh my guns are antiques maybe i should get coverage ! I didn`t go derogatory until he did ......he`s biased cause he sells insurance . thank you .
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I thought very similar about insurance before I worked in it. If you saw the profit margins or lack there of, of the big players you would be astonished. Insurance really is there to protect you. The reason you have that negative attitude towards insurance is because it is an intangible product and you don't get that instant gratification. It is really something you hope you don't have to use. But when you need it, it makes that premium worth while. Especially for liability. Liability will cot you much more with out insurance than your on property repair or replacement in the evnt of an incident. One thing I hear a lot of for liability claims on an atv Is someone else riding your quad or you causing someone else to wreck.
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I'm definitely gonna have to check into this. Hopefully State Farm can pull through for me
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I'm definitely gonna have to check into this. Hopefully State Farm can pull through for me
I looked extensively, tried finding loop holes in every line of insurance when i worked at SF, it was a no go for an "agreed value" only "replacement cost." And replacement cost is based on how much they could buy a 250r for today, as close to what you already have. And that doesnt include the crazies who put $10k on their cl ad, it would probably end up being around a 3k payout. Now i dont know about you, but my front end alone cost more than that.
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I looked extensively, tried finding loop holes in every line of insurance when i worked at SF, it was a no go for an "agreed value" only "replacement cost." And replacement cost is based on how much they could buy a 250r for today, as close to what you already have. And that doesnt include the crazies who put $10k on their cl ad, it would probably end up being around a 3k payout. Now i dont know about you, but my front end alone cost more than that.
Exactly. And to those that say you can insure custom parts and accessories.. I'm not going to rely on the insurance company's "knowledgeable claim adjuster" to know anything about 250R's, let alone "trust" that he is knowledgeable enough to make a fair assessment of the "accessories" I have been paying for coverage on. Therefore, the "dollar for dollar non depreciated replacement cost for accessories" that is offered from Progressive is the best option I've come across so far... but I don't really want to settle for that. The search for an ATV AV policy continues!
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Good points made there [MENTION=87]havinnoj[/MENTION], i agree 100%. However i did see ONE TIME at State Farm, a guy had a truck that KBB'd at about $6,000 but he had some "custom" stuff done to it such as running boards, rims and tires, tonneau cover, etc. Nothing major, but long story short, SF ended up paying a little over $10k because he was so persistent and pissed off. Now that is rare, but one of the benefits wth being with a huge insurance company is an extra 4k to them is a penny to us.
Now is that a good enough story to get me to chance it? Absolutely not.
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Exactly. And to those that say you can insure custom parts and accessories.. I'm not going to rely on the insurance company's "knowledgeable claim adjuster" to know anything about 250R's, let alone "trust" that he is knowledgeable enough to make a fair assessment of the "accessories" I have been paying for coverage on. Therefore, the "dollar for dollar non depreciated replacement cost for accessories" that is offered from Progressive is the best option I've come across so far... but I don't really want to settle for that. The search for an ATV AV policy continues!
Whats the matter.....isn`t flo cute enough for you ? Before you go deleting......i wonder if you can get " dollar for dollar NON depreciated replacement cost for the ACCESSORIES in your enormous scrotum sack ? This website was created because you were BANNED if you said anything about how faaked-up aceho-carlos and da cholo`s from bdt are ! And then you start doing the same thing by deleting something that you don`t like to hear ? Try putting SNAP-SHOT from progressive on your quad and see what your safe duneing will save you........unless you`re scared......do you always do what they tell you to ? I hope you never need the money that you`ll waste trying to insure an ATV worth 3 -5k .......it`s chump change ! The annuals on my LEAR.....oh never mind !:ban?::Boobies2::fighting0024:
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[MENTION=468]glamy[/MENTION] like I said before, your previous post was deleted because it contributed nothing constructive to the discussion, not because you had a different opinion. Different opinions are always welcome as long as they are on topic and constructive. The latter part is something you're clearly having a difficult time grasping.
But actually.. maybe not.. I guess you're providing slight value by staying up late / getting up early to think about possible ways to "ensure [my] enormous scrotum sack" so no need to ban you. Please keep everyone posted on what the best option is! :rofl:
Sounds like you'd rather camp out with your bikes 24-7 to deter theft. My lifestyle doesn't allow that, so I'm willing to pay for a policy that covers the theft and repays at a value that would pay to rebuild the bike, when I can't be around. On top of that, collision and liability insurance are worthwhile for me to have and the incremental cost is minimal. For the math: I can insure 2 bikes with Progressive's pseudo AV policy for a total AV=$25k - that'll cost me $1k annually for full coverage max limits. It'll cost less if I specify that I don't ride 5 months out of the year. So yes that piece of mind is worth it to me. But to each their own.
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Ok so my entire family has State Farm for everything (homeowners, auto, life, etc). They recently jacked our rates up without notifying us.
So we checked with a local insurance company through Grange insurance and my sister saves a little over $700/year on her auto insurance. So while i'm switching my auto insurance over to them i'm going to check into coverage for my ATV
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you`ll waste trying to insure an ATV worth 3 -5k .......it`s chump change !
Your right, chump change, that's why 3-5k might replace my front end....clearly you don't have the time or $ into your R as we so.
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I use to have SF. Don't take this personal pinned. I don't think you will but still im not trying to step on any ones toes.
when I bought my house I had progressive auto insurance. I was very happy and they treated very well. SF as a package deal was cheaper house+auto so we jumped ship and went to SF. My agent turned out to be a *****. insurance for the house was more expensive when we got our paper work some time later. I asked about insurance for my ATVs. no can do she says. but jet skis can be covered. will my ATVs be cover through home owners theft? no because my property don't have a garage and the ATV will not be stored "in the house" would you like to purchase life insurance? she ask? WTF?
wife gets a speeding ticket, something stupid 31 in a 25. a month later coming out of our drive way a neighbor talking on her cell cleans out my wife. we ask our agent to investigate the cell phone records of the neighbor to prove she was on the phone. (mother in-law works for AIG insurance and said to request that as they do) my agent said that is not possible. next bill rates went up.
I bought a brand new truck. agent was happy to cover it and push life insurance on me- again like every other time I decline. going to work one morning I ran something over. I don't know what it was I didn't even see anything. other people ran it over too. what ever it was it broke my lower lip hit my tranny pan and brole some other undercarriage stuff. $2800 worth of damage. agent said SF will send the check to the shop doing the work. 2 weeks and the check never showed up. every call I make she says its on the way. I finally got my check when I turned into an a$$hole and said some choice words. I had to go to the SF main office to pick up my check but at least I got it.
final straw... when I was in high school I was covered under my parents SF policy. I got cut off lost control and totaled the car. was proven not to be my fault. SF took care of that. still years late I got this agent questioning me about this. I ask does this affect my policy? she said no. but its in the computer. so if it does not affect my policy now it really don't matter. I cancelled my policy then and there.
I hope it was just that SF agent and not all agents.
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[MENTION=219]Hawaiiysr[/MENTION], no offense taken at all, 1 because i no longer work there, and 2 because i have dealt with many agents like that lol. The Life Insurance push is something SF tries to make us all do(i'd always try once, but then just let it go).
As for the atv, that is the exact convo i had with many different underwriters, i couldnt figure out why we could cover some items with motors under the HO policy but not atv, i mean a mower can cause just as much damage as an atv. I tried pulling eveery string possible to get ,my R's insured, auot policy, historical policy, personal articles, etc. Nothing. just was not an option.
As for everything else, just sounds like you had a pretty poor agent who was very selfish. And it's super unfortunate that they are out there giving us all a bad rep, and people like Glamy cant see through it.
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I think it was just my agent trying to make more $. Can't hate on that but geez, what about customer service?
When I was in middle school my family moved to another town. So naturally my dad wanted to do his business with a SF office in the same town. No SF office in our new town would even take his payments. I understand loyalty and not wanting to step on other peoples toes within your circle but come on. Again where's the customer service? Only after my dads agent dies he could switch offices. Kicker is this time different agents in our new town were call him to become their customer. Dog eat dog.
My original progressive agent was way cool. It was always pleasant working with her. I feel bad for jumping ship.
I hate paying for insurance as many of us do. But when you need it, thank goodness you got it. Just got to make sure you read the fine print. Like hurricane insurance. Your covered! But it don't start till 90 days and is not in effect during 3 months of the year when hurricanes are most likely to hit. I know some people on Kauai that got screwed like that.
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I think it was just my agent trying to make more $. Can't hate on that but geez, what about customer service?
When I was in middle school my family moved to another town. So naturally my dad wanted to do his business with a SF office in the same town. No SF office in our new town would even take his payments. I understand loyalty and not wanting to step on other peoples toes within your circle but come on. Again where's the customer service? Only after my dads agent dies he could switch offices. Kicker is this time different agents in our new town were call him to become their customer. Dog eat dog.
My original progressive agent was way cool. It was always pleasant working with her. I feel bad for jumping ship.
I hate paying for insurance as many of us do. But when you need it, thank goodness you got it. Just got to make sure you read the fine print. Like hurricane insurance. Your covered! But it don't start till 90 days and is not in effect during 3 months of the year when hurricanes are most likely to hit. I know some people on Kauai that got screwed like that.
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---- Update ----
With the difficulty of finding an AV policy, I've switched my attention to some sort of security system for the trailer. A good alarm system with 2-3 door sensors (side door, ramp, & possibly the generator compartment) and a tilt sensor should set me back $400-$500. Adding GPS tracking would double that cost. All of this is 12v so it would run off the deep cycle battery.
Sounds like the Advanced Wireless Technology / Tommy Johnson setups are hard to beat and what a number of professional race teams use on their multi-million $ trailers:
http://www.tommyjohnsonjr.com/GPS.html (http://www.tommyjohnsonjr.com/GPS.html)
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Oh neat! Now I just need an enclosed for my units
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I've got one that'll fit two front to back!
(http://img.tapatalk.com/d/14/04/15/4eha5y5e.jpg)
Sent from my iPhone using Tapatalk
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Cherry!
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I've got one that'll fit two front to back!
Nice. Is that 6-7' x 16'?
I've been looking into installing my own car-based alarm into the trailer.. here's a 2 part video on a guy that did one for $100 (Crime Stopper SP-101, 2 magnetic door sensors, 2 sirens):
Part 1 - Cheap Landscape Enclosed Trailer Alarm System (https://www.youtube.com/watch?v=-AzenSPDJqE&noredirect=1)
Part 2 - Cheap Landscape Enclosed Trailer Alarm System (https://www.youtube.com/watch?v=W8v1rcTlOyg&noredirect=1)
I'm considering something similar but with 2 more sensors (one for the generator compartment and a tilt sensor). I'd also like a 2-way paging system. Now I just need to come up with the wiring diagram.