Originally Posted by Ranger431
I'd like to know if anyone knows of a place that someone can get a gap policy for a financed TT? This is our 4th TT, but the first I didn't finance at the dealer. In the past I have always used a Gap policy,and when I had a prior TT stolen from a storage lot that wasn't even a year old, I was very glad I had the policy.
Long story short, I already have purchased the TT, so this would be after the fact. The TT is only about a month old. USAA, whom I financed the trailer through & have my current home owners and auto policies with won't do it.
Does anyone have any suggestions?
Ranger, I don't know if this is an option for you, but this is what USAA told me to do today.
I paid cash for my 2013 van, and I owe about $10k on my truck (my interest rate through NFCU is less than I get for investments, so I haven't bothered trying to pay it off LOL).
Anyway, USAA said I should take a loan out on either the van or the truck, use that loan to pay off the TT. Then I would own the TT outright, but my vehicle would be financed. I could then get GAP on the vehicle loan, and the interest rate on vehicles is much better than RVs.
We're still debating what to do, I have a couple days before I pick up the TT so I am thinking before I pick insurance.
Really wish USAA had the option on RVs like they do on cars to insure for an additional 20% payout in the event the vehicle is totaled.