Insuring your newly renovated vintage Airstream can be one of the toughest parts of ownership. The key word here is renovated. Getting an insurer to underwrite a policy was more difficult than I expected. The first step is to hire an appraiser who will compile all relevant information (VIN, model, year, length, condition, etc.) along with detailed images and market price comparisons. Your appraiser will then provide a detailed report with all information and a market price. It’s important to know I am not an insurance expert, but I did learn a lot along the way. First, there are two very different types of policies (actual cash value and agreed value). Actual Cash Value pays the price as new and depreciated over time. For example, our actual cash value was around $1,800, not nearly enough to cover the real value. Next up is the more accurate, and expensive policy. Agreed Value policies (from my experience) are much more expensive, however, it assigns a cash payout value to your total loss. Should your Airstream be stolen, that’s the cash price your insurer would pay out. Please be sure to read the fine print as I’d imagine not all are created equal. My process when comparing insurance was to talk directly with all the insurers and see what they offered. You’ll be surprised how many either don’t want to write a policy or can’t insure your Airstream for the market value. Start with the big names, local insurers, and vintage/class auto insurers. Do your research, take lots of notes, and see what works best for your budget. In the end, we went with a major local insurer who was willing to work with us on the value so long as we kept the appraisal up to date. As a basis of comparison, I found appraisals to be priced between $250 and $500, while one year of insurance ranged from $200 to over $1,000.
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