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Old 11-04-2012, 11:12 AM   #3
71swb4x4
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Join Date: Nov 2003
Location: Brookings, SD
Posts: 10,499
Re: Agreed upon value. Need help deciding

What would you sell it for today and be happy with? $3,500? $5,000? Whatever that numbers is, or whatever you feel it's worth, tell your insurance person that's what you want for it should it be totalled. Let them figure out the best policy for you. Of course the more it's worth, the more it will cost to insure, but $1,500 vs $5,000 won't cost much extra at all. A lot of insurance cost is in liability, and a $1,500 1970 GMC can cause just as much damage as a $5,000 1970 GMC.

If that was my truck I would probably want $4,500 from the insurance company if it was totalled.
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