Insurance Review

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We carry seasonal full time coverage on our RV which gives us quite a bit of additional coverage for contents. Instead of the usual $1,500 or so it will cover $10,000 for damaged or stolen goods. We also insure it for an agreed value, rather than actual worth. The agreed value is more than we have it financed for, and includes the value of certain permanently mounted additions, like the generator and disc brakes. Insurance like this is expensive, we pay $1,800 or so per year for the RV alone.

Until now, our auto insurance was less thought out. But I’ve put a lot of money into my truck, so I wanted to get the most I could out of our policy. I called Nationwide and asked about custom items coverage, and they said that they have a maximum customization coverage is $15,000. Upon finding that it runs $20/mo additional, I opted in. Additionally, we have a lot of very expensive gear inside the truck, that is a lot more likely to be tampered with or stolen. I opted for an additional $3,500 in coverage for GPS and radio equipment, at a cost of $20/mo. So it came down to $40/mo to cover an additional $18,500 worth of modifications made to the vehicle.  As much as I hate paying for insurance, $40 buys a lot of peace of mind here.