GAP/Tire/Camper/Total Loss Replacement Insurance

[happytrails]

Does anyone have any comments on the three of these policies? I would be interested in what company and how much. Also, I was recently told that if I were to "total" my camper that I would not be able to use GAP & Total Loss Replacement (even though from 2 different insurers). Does anyone happen to actually know if that's true? Not trying to be difficult, but on that particular question I'm really looking for fact not opinion. I definitely don't mind opinions and personal experiences on whether or not to actually purchase the insurances or not.

[bsldallas]

GAP is a policy you purchase to cover the difference between fair market value and pay off (if you are upside down on your loan). GAP is purchased usually from the lender. My credit union charges a flat fee of $300.00 for the coverage. If I get a loan I try to make sure I'm not upside down. Friends of mine have used the GAP it saved their butt too. My state (N.C.) the camper is covered by my auto ins. if I damage someone else's property ie, back into a car or another RV. My ins. will pay to fix their property. I carry ins. on the camper incase I damage or an act of nature, hail,tree that falls ect the camper is covered under comp or collision. hopes this helps.

[JRTJH]

As for gap insurance, some companies (Progressive is what I have) provide a new current year replacement RV of the same model if yours is totalled. So, if you're going to finance your rig and keep Progressive coverage (I'm sure other companies have the same policy rider), for the first 5 years, if you have a total loss, your RV would be replaced with a current year, same model. Seems to me that gap insurance wouldn't be a benefit in that situation. I don't think I'm missing anything here?

[laidback]

Your not missing a thing. We have the full-timers policy with progressive. Same as home ownersins. As you said replacement cost first five years.