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  1. #11
    Correct....it's part of the coverage limit you selected (Rate base...also known as stated amount) Doesn't mean they are automatically entitled to it in the event of a Total loss. This however is open to policy interpretation. How one claims group in Florida interprets it may not be the same as how another group in Michigan does. You can however argue your case and escalate it to somebody who's interpretation may match yours. PWC's and trailers are unique because policies are generally written for boats which would include boat / motor / trailer and makes sense. If you boat is a TTL then you'd be happy to see it all go away (assuming you were properly insured) With PWC's however they are unique because you can have a policy with two PWC's and one trailer. The trailer can only be attached to one PWC on the policy. So if one PWC hits rocks and totals you may want to keep the trailer and simply buy another ski. In this case they should simply settle for the ACV of the ski only (no trailer) less ded (up to the rate base). If you don't want the trailer then it should be the ACV of the ski and trailer, less ded up to the rate base.

  2. #12

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    Quote Originally Posted by Supertoyz View Post
    Correct....it's part of the coverage limit you selected (Rate base...also known as stated amount) Doesn't mean they are automatically entitled to it in the event of a Total loss. This however is open to policy interpretation. How one claims group in Florida interprets it may not be the same as how another group in Michigan does. You can however argue your case and escalate it to somebody who's interpretation may match yours. PWC's and trailers are unique because policies are generally written for boats which would include boat / motor / trailer and makes sense. If you boat is a TTL then you'd be happy to see it all go away (assuming you were properly insured) With PWC's however they are unique because you can have a policy with two PWC's and one trailer. The trailer can only be attached to one PWC on the policy. So if one PWC hits rocks and totals you may want to keep the trailer and simply buy another ski. In this case they should simply settle for the ACV of the ski only (no trailer) less ded (up to the rate base). If you don't want the trailer then it should be the ACV of the ski and trailer, less ded up to the rate base.
    So if I decided I wanted to keep the trailer, I should fight it?


  3. #13
    If you want to keep it then argue it. If you don't have enough coverage so they won't pay for it then it would be hard for them to justify taking it. As with any business you're going to be stuck dealing with the level of experience, knowledge and compassion of whichever employee you get to deal with. Just review your policy, be nice and explain your reasoning and ask them to do the same, try to make it a discussion not an argument. Focus on the fact that the trailer being on the policy on mean the policy is providing coverage for the trailer, not that they are entitled to it in the event of a total loss.

    It may simply be the way they've always handled it an nobody has ever questioned it. If you challenge it they will have to review the policy language and might change their interpretation of it. It should come down to the policy "intent" which isn't always clear because every situation is different.
    Last edited by Supertoyz; 07-15-2020 at 11:00 PM.

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