Posts: 114
Location: New London, Wisconsin | A couple things, my opinion only. A boat, trailer, snowmobile or ATV are rarely insured for replacement cost unless your policy state as such. If your total your '05 F-150 you would not expect a '08 in the garage to replace it. I also agree the agent should not have guessed on the trailer value BUT, you, as the insured, must not have reviewed your policy to make sure you had enough coverage on all your schedule items. It is something you need to look at at each renewal. I check NADA on all my "toys" (snowmo, ATV and boat) and lower the values because in the event of a total loss, you will be reimbured market value (NADA, Blue Book and local classified adds are used to come up with the settle ment amount). If your current agent isn't discussing this with you you need to do it yourself. You may want to look for another agent if you feel your's is not earning their keep. Again, I 'm speaking about situations where you are adding riders to your homeowners policy to cover "toys".
Good Luck
Labs
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