HomeFinanceInsurance and Reinsurance


Insurance and Reinsurance — 3 Comments

  1. Thanks for your time putting these posts together. One question, will you be replacing the trailer?

    • Thanks Jon! We won’t be replacing the trailer. We found the trailer/RV lifestyle was not for us. It’s a lot of money to have sitting around in something that is only used a few times a year. (If you’re full-timing that is a very different story.) I was happy to get a fair offer from the insurance company and walk away from this experience on a positive note. If they hadn’t covered the damage it would have been a fairly large financial hit.

  2. So, if I understand reinsurance, it insures the insurance companies? That is SO reassuring. I’d just hate for them to ever have a year they lost money in. By the way, I’m sure in any years their output is higher than their income they will petition the TRC for rate increases.