When you place your 5th wheel RV on a consignment sales lot what type and how much insurance should you maintain?

Enough to cover total loss. 

That depends to some degree the answer depends on what insurance the dealer has.

We placed ours at PPL consignment in Houston and all we had to do was to get a rider on our insurance at a cost of around $35. The whole consignment process was simple and so glad to sell it easily (with a month).

JFunk, this isn't regarding insurance but if you go the consignment route, be sure YOU hold the title. Don't give the title to them. If they don't want to do business that way don't walk away, drive away!

  On 10/5/2019 at 12:09 AM, bobsallyh said:

JFunk, this isn't regarding insurance but if you go the consignment route, be sure YOU hold the title. Don't give the title to them. If they don't want to do business that way don't walk away, drive away!

Why?  If they are a legitimate dealer, they're not going to steal your RV.  If they're not legitimate, why would you do business with them?  You've got to hand over the title at some point, why not just let them have it and they can handle your business as it comes up?

chirakawa, if you would have seen what we seen in 16 snowbird seasons in Yuma, AZ. with consignment lots you would know where I'm coming from. It has been several lots involved in scams and they pick on the senior population in the winter here. They don't need the title until they have a positive sale. That way you know when the transaction is going down and the buyer knows they are getting the title. Yes, the title goes both directions. Two personal friends have been fortunate enough to have gotten their money, one from the lot when they appeared with a sheriff's deputy, and the other who held his title, lucky for him, and filled a stolen vehicle report with the Yuma City police and was paid off by his insurance company. That particular lot owner is now in the Iron Wigwam in California. And another lot had scams going between Pima County and Yuma County that the folks flat out lost their motorhomes and got nothing! Yes, lots look good, but until you have "been had" you have no clue.

That's sad to hear.  It certainly pays to do your due diligence.

  On 10/5/2019 at 9:42 AM, bobsallyh said:

chirakawa, if you would have seen what we seen in 16 snowbird seasons in Yuma, AZ. with consignment lots you would know where I'm coming from. It has been several lots involved in scams and they pick on the senior population in the winter here. They don't need the title until they have a positive sale. That way you know when the transaction is going down and the buyer knows they are getting the title. Yes, the title goes both directions. Two personal friends have been fortunate enough to have gotten their money, one from the lot when they appeared with a sheriff's deputy, and the other who held his title, lucky for him, and filled a stolen vehicle report with the Yuma City police and was paid off by his insurance company. That particular lot owner is now in the Iron Wigwam in California. And another lot had scams going between Pima County and Yuma County that the folks flat out lost their motorhomes and got nothing! Yes, lots look good, but until you have "been had" you have no clue.

hear reports out of the Phoenix valley of similar doings. Not every year, but it happens.

  On 10/5/2019 at 10:02 AM, Darryl&Rita said:

hear reports out of the Phoenix valley of similar doings. Not every year, but it happens.

I don't recall any major news stories out of Yuma on this but friends of ours who were caught up in a scam sales operation out of Tucson back in 2010 that was still in the news up into 2016. In poking about the internet I found a story from Bakersfield, CA that involved people also in Yuma but this one is on new RVs.

Edited October 5 by Kirk W

If I had an insurance man that I trusted, I would talk it over with him, since it will not be on your property or in paid storage elsewhere, that would probably require some extra rider or something.