Insuring valuables

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LookinUp

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I no longer own a house so I don't have homeowners ins. I have Geico on the van, but it doesn't cover contents. How do other full-time van dwellers deal with this? Pretty much everything I own is in the van.....
Thanks in advance,
Newbie
 
Bear in mind,  your more expensive possessions in your rig will be the smart phone, computer/laptop, 6 or 12 volt batteries, converters/inverters, tools, and anything else you would have which had some initial cost.

Part of this way of living is "minimalism".   You get as many benefits as possible from the few items you carry. 
Think, "Swiss Army Knife" for everything you have. 

Your smart phone with the many apps.  It can be a GPS, Music Source, Flashlight,  Internet connection, Phone,  "small mobile computer",  camera,  video camera, voice recorder,  etc etc.   So this can eliminate owning a lot of these other devices in just one small device.  

Your laptop can be like your desktop at home and if you have a modest size screen you can get TV shows or watch movies with it.  Radio broadcast are easy to  tune into,  music, news,  Skype communication with friends,  and about anything in the Public Libraries including cook books,  formula books,  repair manuals etc.

Those who would want to break into your rig and loot it will probably run to a Pawn Store to cash it in for some quick money.   But you need to also look at what kind of deductible to total value of your rig's contents ratio you will be getting.  

Only "you" can answer this.  I don't think that there is any "one" right answer to this question either.   But if you keep it minimal....you may want to talk with your auto insurance agent
to see how you would be covered and what the cost would be for extended coverage.
 
What I like about this lifestyle is eventually because of space, weight limitations and the fact most of us want to spend all our money doing or going instead of buying or owning things, you won't have things that are not at hand or are not used. Thieves don't usually target or spend time around where we are nor want the things we do have. Things break but the few things we have we maintain because we use them. Modern banking allows us access to money without having it on hand. Vehicle insurance is required in most states. I have found with this community help is but a post away if it is really needed but most would have a hard time asking because we are all so independent. In my opinion insurance is for the "rich and famous" who base their life on things and fear their loss. I don't want to be one of those people.
 
Generally speaking, you can't get contents insurance on a vehicle (but I don't know about RVs like motorhomes). Even if you have Comprehensive insurance on your van, it doesn't cover the contents. Usually, it doesn't even cover things that were added to the van after the van was bought, like a sound system. If it's stolen, too bad.

At least with this, I can understand why the ins. co. don't do it: people lie like rugs. They would lose something, claim it was stolen, and expect the insurance co. to replace it, over and over and over. Insurance companies are in the policy-selling business, NOT in the claim-paying business. And if you could get it, and did use it, your insurance premiums would likely go up afterward.

If you have some things that you would hate to lose, or are somewhat valuable, consider a very small rental storage unit. The smallest that I've heard about is 5x5'. Prices vary as to area (cities are higher, small towns tend to be cheaper). If you're talking about things like jewelry, consider a safety deposit box where you have your bank account.

BTW, you're going to get a lot of advice from people who think you should get rid of everything you own. Don't pay any attention to them, follow your own lights. If you eventually decide to unload the stuff you really don't use, fine. But consider that many people who live in vans didn't have much of value to begin with, and they would like you to be the same. If you put stuff in storage for $100/mo, and decide to get rid of it two years later, you've lost $2,400. You knew that going in -- it's no surprise. You paid the price to not have to agonize over getting rid of it. Things change. You change. It's called Real Life. Do it your way.
 
Basically I self insure!

In Ontario the minimum deductible on a tenant or home owners policy is $1,000.

The premiums paid month after month to cover the excess and having to try to deal with an insurance company for contents of a vehicle under the tenants package, just isn't worth it.


The one time I've had a vehicle broken in to, it ended up nothing was covered anyways - damage to the side window $250.00 - deductible $500.00; contents loss $1,100.00 replacement cost - deductible $1,000.
 
Install a quality alarm and video system on the vehicle, mount some safes or strong boxes in multiple places to lock valuables and conceal them in hidden compartments if possible. The safes would also protect your valuables if you ever get in an accident and you get taken to the hospital and the vehicle gets towed. Items disappear all the time from tow yards. Having them locked up might give you time to retrieve them once you get out of the hospital. Just a few ideas.
 
If it's small stuff, you might want to consider having a steel container welded to the floor of your van, near the driver's seat, probably. Have some kind of lock on it, and put your valuables there, including any larger sums of money.

Something like this would probably foil/frustrate the asset forfeiture cops, too. They might HAVE to get a warrant to break into it.
 
LookinUp said:
I no longer own a house so I don't have homeowners ins. I have Geico on the van, but it doesn't cover contents. How do other full-time van dwellers deal with this? Pretty much everything I own is in the van.....
Thanks in advance,
Newbie

1) Since it's practically obligatory to pretend to have a physical address, use that address on a renter's insurance policy. If anyone ever breaks into your vehicle and steals your stuff, claim on that policy saying you are vacationing where the theft occurred. This would be invalid if the insurance company ever figured out you don't live where you pretend to live. And, yes, it's technically insurance fraud.

2) Look into full-time RV-er insurance. I don't know the details, but I imagine that a registered RV (and not a van) might be a prerequisite.

3) Keep a low profile and carry a big stick!
 
Poor advice.
A) What's your most expensive loss, electronics? Too bad, they won't cover them.
B) And while they would cover some things stolen from a hotel room, I strongly suspect they won't cover anything stolen from a vehicle (they don't usually, why now?).
C) You said you were in a hotel, but were really camping? No hotel receipt or record on your CC? Too bad!
D) You lied to the ins.co., so they cancel you -- you're not worth the risk because you can't be trusted.
E) Ins. cos. share information. When you try to insure with someone else, you'll be paying high premiums, if they will even touch you.
 
We should make noise about this... when renting an apartment you can buy content insurance only.... my insurance agent said that once I create an RV that I'd have to get RV insurance... so I'm assuming THAT covers contents... Escapees club or someone like that might have the answer?
 
I'd just say that the cost of insurance would end up being more that whatever you might lose.
BUT if you're a worry wart you can leave the more valuable items with me !
OK , kidding . (Unless you have a cigar box full of Kruger Rands)
 
Safes don't need to be welded in, a standard installation is a bolt through to the inside, with access to the inside being required for removal. A retailer should be able to do this for you at an affordable cost.

My big fear is getting in a wreck with my older vehicle and losing both the vehicle and the contents upon which I require to live. Drive safely!
 
My Auto insurance company offers coverage of up to $2000 in 'accessories' from whatever forms of loss you're covered for, build your TV into your van and it's covered, build a tablet into your build and it's covered, but as Popeye pointed out, most of the stuff going into your build is going to be lower cost, and therefore easily replaceable and not all that tempting to a theif
 
Thanks everyone for all the information! I think for my purposes a bolted in locking box makes the most sense. My "valuables" consist mostly of my laptop, a couple of cameras, passport, phone and wallet (which are almost always on my person). I hike a lot, sometimes backpacking overnight and mostly concerned about things being taken while it's parked at a trailhead. I try to park is as safe/visible area as possible. I'd be interested in seeing what others have used for safes (descriptions only, not pictures necessarily), also, have others devised a way to keep their solar panels from being stolen?......I think that's a long stretch, but just wondering.
Thanks again.
 
What are the dimensions of your laptop?

Stack On makes some nice gun boxes.  One of the handgun boxes could easily be adapted to what you want to do.

https://www.stack-on.com/categories/security-cabinets/products/196


As far as your solar panels, you are talking about ones that are mounted on your roof and not portable panels, right?  For that, I would swap out the stock hardware for some security hardware that requires special bits.

http://www.losspreventionfasteners.com/tamperproof-security-bolts/?gclid=CIX0nc_b6tICFdKEswodBcYFwQ
 
Don't worry about it. Spend the money on triple A instead. You get 3- 100 mile free tows a year.That usually will get you back to some kind of civilization.
Most break- in's will occur on the open road. Like if you have to leave your vehicle, while hitching a ride to the nearest town to buy a broken auto part
On the road you pretty much stick to where ever your vehicle is.
I never carry anything I can not sell on the spot or walk away from, and that includes the vehicle.
A good hiking pack to carry your clothes in case you have to ditch everything is a good addition to your load. Use it before you store it and make sure you will be comfortable with it.
 
Almost There said:
Basically I self insure!

The premiums paid month after month to cover the excess and having to try to deal with an insurance company for contents of a vehicle under the tenants package, just isn't worth it.

The one time I've had a vehicle broken in to, it ended up nothing was covered anyways - damage to the side window $250.00 - deductible $500.00; contents loss $1,100.00 replacement cost - deductible $1,000.

Yes, this. 

Over my adult life, the money I've paid into various types of insurance far exceeds anything I've gotten back. So I just accept the risk. My stuff gets stolen? That's life. Tough shit for me. But the odds of it happening are almost none. Meanwhile, if I had insurance, payments would be going out like clockwork, making me poorer.
 

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