 |
10-23-2017, 01:40 PM
|
#1
|
|
Junior Member
Join Date: Oct 2017
Posts: 4
|
INSURANCE QUESTION! Help!
Do to the storm here in Texas my Rockwood suffered water damage to the floors, walls, ceiling and more. My question is how do I use this money to my advance and pay this camper off? I received half of what I still owe on the camper and do to work and having money in other things I do not use it at all anymore and would like to free up that money for other things. Do I put the insurance money towards the note and try and sell it for what I still owe? Fix the camper with the money then sell it? Any and all comments are appreciated! Thanks.
|
|
|
|
10-23-2017, 01:46 PM
|
#2
|
|
Senior Member
Join Date: May 2016
Location: Martin Co. Indiana
Posts: 141
|
With that much water damage they didn't total it? Did a repair facility give the estimate for repairs.
__________________
Retired Navy
Indiana
Hemisphere Lite 327RE
Silverado 2500HD 4x4 6.0 gas
|
|
|
|
|
10-23-2017, 01:52 PM
|
#3
|
|
Enjoying Life
Join Date: Apr 2016
Location: Texas
Posts: 978
|
Not seeing the damage it is hard to say but if that much is damaged I would request a re-appraisal and/or get an independent appraisal from a repair shop. With the described water damage it will be almost impossible to sell except as a "hunter's shack". Most trailers with that type of damage are totaled.
__________________
2022 Rockwood 2109S
Previous: Rockwood 2608WS, 2608BSD
2006 Durango HEMI
|
|
|
|
|
10-23-2017, 02:05 PM
|
#4
|
|
Junior Member
Join Date: Oct 2017
Posts: 4
|
A guy who came out to inspect was a contract guy for Geico. Insurance said 2400 for parts and 5300 for labor. I just got the quote in yesterday and still have to get it to a repair shop
|
|
|
|
|
10-23-2017, 02:10 PM
|
#5
|
|
Senior Member
Join Date: Aug 2016
Posts: 420
|
Take it to a shop and get an estimate. The shop estimate should total it. If this is higher than the insurance estimate you can disputed it.
|
|
|
|
|
10-23-2017, 02:19 PM
|
#6
|
|
Senior Member
Join Date: Jul 2009
Location: Warsaw,NC
Posts: 7,184
|
Just a thought here but is there any chance you owe more on camper that it’s worth. With all the water damage I don’t think the camper will ever be any good, mold comes to mind
|
|
|
|
|
10-23-2017, 02:20 PM
|
#7
|
|
Who Dares, Wins
Join Date: May 2012
Location: Chester County, PA
Posts: 7,063
|
Not sure of Texas but it might also have its title branded as a flood vehicle and unless the person pays cash they will not get a loan for sure.
__________________
Pat, Jen, Heather & Sapphire, the head mouser.
2015 Chevy HD D-Max
2022 Impression 315MB
|
|
|
|
|
10-23-2017, 02:24 PM
|
#8
|
|
Junior Member
Join Date: Oct 2017
Posts: 4
|
If I put the insurance money towards the not I'll have a few thousand left to pay off. Before the storm the camper was worth more than I owed so I was good there.
|
|
|
|
|
10-23-2017, 02:44 PM
|
#9
|
|
Senior Member
Join Date: Aug 2013
Posts: 7,916
|
Throwing something out here....if you have a loan normally this will be paid to the repair facility and you. Therefore you might be forced to repair. Just a thought.
__________________
2017 Puma 297RLSS
2005 Ram 2500 4X4 diesel SMOKER!!
I love puns, irony and tasteless jokes...
born in Texas.... live in Arkansas 
|
|
|
|
|
10-23-2017, 02:49 PM
|
#10
|
|
Senior Member
Join Date: Aug 2014
Location: Northern KY
Posts: 5,725
|
following this one
__________________
"nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle."
Thomas Jefferson to John Norvell pg. 2, June 11, 1807
2014 Shamrock 183
2014 RAM 1500 Bighorn Crew Cab, HEMI, 3.21 gears, 8 Spd, 4X4 TST TPMS
|
|
|
|
|
10-23-2017, 03:08 PM
|
#11
|
|
Junior Member
Join Date: Oct 2017
Posts: 4
|
Are you talking about where the insurance company will send the repair money?
|
|
|
|
|
10-23-2017, 03:33 PM
|
#12
|
|
Senior Member
Join Date: Jul 2009
Location: Warsaw,NC
Posts: 7,184
|
I would pay off the camper and then try to sell it or just take a small loss. The camper I have now I owe more than it’s worth, I’m upside down. I have it insured for enough to hopefully pay off camper.
|
|
|
|
|
10-23-2017, 06:03 PM
|
#13
|
|
Senior Member
Join Date: Aug 2013
Posts: 7,916
|
Quote:
Originally Posted by jrgarrett
Are you talking about where the insurance company will send the repair money?
|
Depending on you or your relationship with the insurance company. They may make the check to you and the repair shop to help insure you get it repaired since it has a loan on it. Seen it happen both ways.
__________________
2017 Puma 297RLSS
2005 Ram 2500 4X4 diesel SMOKER!!
I love puns, irony and tasteless jokes...
born in Texas.... live in Arkansas
|
|
|
|
|
10-23-2017, 07:12 PM
|
#14
|
|
Enjoying Life
Join Date: Apr 2016
Location: Texas
Posts: 978
|
If it has a lien it may also have the lien-holder on it
__________________
2022 Rockwood 2109S
Previous: Rockwood 2608WS, 2608BSD
2006 Durango HEMI
|
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Discussions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Linear Mode
