Free 7 Day Trial RV GPS App RV Trip Planner Campground Reviews RV Maintenance Free 7 Day Trial ×
 



Reply
 
Thread Tools Search this Thread Display Modes
 
Old 06-11-2011, 10:49 PM   #1
Member
 
Join Date: Jan 2009
Location: Orangevale, CA
Posts: 64
Default Ethical question

My insurance company agreed to pay for the full amount of my leak damage, around $5K. In theory, I could have the trailer repaired for free and have like-new trailer with a re-done roof, and no worry about winter rains in 2011.

My wife, however, wants to sell the trailer as-is without the repair (we will give full disclosure to the buyer, who is a trailer RV repair guy) add the proceeds to the insurance money, and buy a new or slightly-used, 2010-2012 model of a slightly larger 18-foot trailer.

I know the insurance company probably doesn't care, and this practice is probably common. If the insurance wanted to prevent it, they'd probably pay the repair shop directly. But does this seem okay and ethical?
__________________

__________________
2006 FF X-139
2006 Honda Pilot 4WD
paulitzlee2 is offline   Reply With Quote
Old 06-12-2011, 08:31 AM   #2
Site Team
 
Join Date: Oct 2009
Location: Arizona
Posts: 1,238
Default

Not unethical at all. As far as the insurance company is concerned they paid for the cost of your damage. If you have it repaired and sell it or sell it outright its all the same to them. If you sell it without doing the repairs presumably your sale price is reduced by the amount of the damage. And since your buyer is in the RV repair business he can repair it his cost so it would save him money versus buying an undamaged trailer.

Look at this way. If your trailer was worth $7000 undamaged you could sell it for $7K. With the damage disclosed you could only sell it for $2000. So the insurance company just paid the difference in value.

As long as your buyer is fully aware of the damage I see nothing unethical at all.
__________________

__________________
2011 Chevy Silverado Crew Cab 4X4
2009 210 WBS
Prodigy P3
LJAZ is offline   Reply With Quote
Old 06-12-2011, 09:52 AM   #3
Member
 
Join Date: Jul 2008
Location: Lake Winola,PA
Posts: 80
Default

def nothing to fell bad about. think about it if it was a car. car get totaled by insurance co, owner buys car back for exremly low price, fixes car for cheap and sells it , or keeps it and its paid off now, happens all the time. and completly legal
__________________
08 FunFinderX 160
07 Wrangler Rubicon
JeepGuy is offline   Reply With Quote
Old 06-29-2011, 08:40 AM   #4
Member
 
Join Date: Jun 2011
Location: Page AZ
Posts: 60
Default Re: Ethical question

Quote:
Originally Posted by paulitzlee2
My insurance company agreed to pay for the full amount of my leak damage, around $5K. In theory, I could have the trailer repaired for free and have like-new trailer with a re-done roof, and no worry about winter rains in 2011.

My wife, however, wants to sell the trailer as-is without the repair (we will give full disclosure to the buyer, who is a trailer RV repair guy) add the proceeds to the insurance money, and buy a new or slightly-used, 2010-2012 model of a slightly larger 18-foot trailer.

I know the insurance company probably doesn't care, and this practice is probably common. If the insurance wanted to prevent it, they'd probably pay the repair shop directly. But does this seem okay and ethical?
Its good to know there people like you that cares about others , If you told the one buying it that it needs repairs and why & were , I think its OK & He knows how to repair it himself . Just think I got my FDS NEW and its JUNK , If FunFinder were Ethical , Most of us would not be Posting our problum . Good Post Sir
Megabusa is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Powered by vBadvanced CMPS v3.2.3
Disclaimer:

This website is not affiliated with or endorsed by Fun Finder RV, Cruiser RV, or any of its affiliates. This is an independent, unofficial site.


All times are GMT -6. The time now is 06:48 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
×