Re: Possibly selling our coach
Reply #4 –
I had a somewhat shocking surprise when I called to renew our insurance on the rig a few days ago! I was asking the young lady if there was a payment option for 3 months or 6 months instead of an entire year, as we were thinking of selling the rig for health reasons.
"OH! Is it on consignment?", she asks.
"No, it is just one of the options we may consider. Why ?", I reply
"Well, if the RV is on consignment, we cancel the policy."she says.
WHA?? Apparently, that is in the fine print. I never looked before ... never had cause to ... and she was kind enough to email me the language in the policy. I was flabbergasted! I found another company (on the Escapee's website) that was happy to insure us. In the eventuality that we would be in a consignment situation, there is a very reasonable form that needs to be submitted to their underwriters for approval ... and basically insures that the consignment location is not some vacant lot with shabby supervision. No sweat. Still .... the cancellation provision from Nationwide was a RUDE shock!! Anyone considering consignment should check their policy. FWIW!!!