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We bought a used motorhome last December. Got an amazing deal waiting until December because they were wanting to clear inventory and we were literally walking to the door when the salesman gave us a low ball number on the RV that interested us. Usually, we don't talk dollars here at the Fool, but this is interesting. Got a 2010 28' Fleetwood Encounter with 21,000 miles for $35k. I think that's ridiculously cheap. Then, I told them I wanted to finance $20k because I can earn more with that money invested than paying 100% cash. I think it was 4% or so for something like 10 years. A no brainer.

But….

…my story isn't about the deal.

It's insurance. We didn't do a lot of research on the overall deal because it was a bit impromptu. So, we initially just went with our regular State Farm agent for insurance for around $1000 per year. I did more research, found that regular insurance companies don't handle RV claims especially well and I got a quote from a specialist associated with "Good Sam", a company that does a lot of RV owner interaction (insurance, financing, campground evaluations, warranties, etc).

The new payment is under $500. Half off from State Farm and the nuances of coverage are better.

Just in case any of you own an RV. :)

Rob
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