INSURANCE for high $$ trucks?? - The 1947 - Present Chevrolet & GMC Truck Message Board Network

mkmiller1 · 04-30-2002, 07:57 PM

I know this has probably been covered many times but I've missed it. Where can you get insurance that will pay for the value of your truck(blazer) in the event of a bad wreck? If I've got $7-$8K(and yes this is high $$ compared to my $200 daily driver) invested I don't want to loose over half of that because it was just an old '71 Blazer to the insurance fella. Know what I mean?
Matthew
mkmiller1

68 Suburban · 04-30-2002, 08:17 PM

I think most insurace companies offer a declared value policy.

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Rhino · 04-30-2002, 08:24 PM

I just went through this with State Farm....they will give you a policy for any stated value it just costs money(and in the event of your truck being totaled they still only pay wut they determine it to be worth...supposedly fair market value for a clasic is simmular condition) so you have to determine what trucks like yours are selling for and get prof of those costs in order to get paid....Their regular full coverage insurance is pretty high...much higher for a 6 grand stated value than the insurance on my wifes brand new Suburban....but they offer Clasic insurance for a non daily driver which i got for about 70 bucks for six months...not to bad...

busterwivell · 04-30-2002, 11:09 PM

Be REAL careful with State farm! I had ALL my insurance with them. Business, Malpractice, Homeowners, All vehicles, umbrella, etc. While the Studebaker was under construction, they kept hassling me about only having comp coverage on it; ie cancellation notices on umbrella policy. I woulld send a picture of it in pieces in garage and they would "go away". Finally, the day came to put it on the road. They wanted to know a value. I gave them one, (over 10K) and they insured it but kept wanting an appraisal. We attended a show in Laughlin, NV where they had an NSRA safety 23 inspection and appraisal all set up. I did the inspection, got the window sticker, and did the appraisal. I was floored with the figure they gave me, but took the appraisal to my agent's office. They quoted a premium, but after months of discussion, they refused to insure it, because "modified vehicles have lesser value than restored". My new coverage is for stated value (appraised), no mileage limit (but can't be a daily driver), and I'm a lot happier. Check your coverage!

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70c10 · 05-01-2002, 07:04 AM

My truck is insured full for $8k with Nationwide. I am limited to weekends only but I still pay $248 per year. If I had a garage, I would go with J.C. Taylor or Haggerty for almost half.

04-30-2002, 07:57 PM	#1
mkmiller1 Senior Member Join Date: Dec 2000 Location: Magnolia, Arkansas Posts: 1,091	INSURANCE for high $$ trucks?? I know this has probably been covered many times but I've missed it. Where can you get insurance that will pay for the value of your truck(blazer) in the event of a bad wreck? If I've got $7-$8K(and yes this is high $$ compared to my $200 daily driver) invested I don't want to loose over half of that because it was just an old '71 Blazer to the insurance fella. Know what I mean? Matthew mkmiller1 __________________ GOD is good...All the time! '71 swb custom10 barn find-68K original miles 72 K5 CST rust bucket, but runs and drives 84K miles

04-30-2002, 08:17 PM	#2
68 Suburban Registered User Join Date: Oct 2000 Location: From Chicago, Live in Phoenix, AZ Posts: 6,802	I think most insurace companies offer a declared value policy. ------------------ Check out other members trucks 1968 50th Anniversary C-10 Suburban (Tows all these cars all over the place) 1968 50th Anniversary C-10 Pickup 1968 50th Anniversary C-20 Pickup CST, FOR SALE 1969 SS Camaro Conv't 1960 Lakewood Travel Trailer 1963 Ford Falcon Wagon, On Ebay for $1250 2000 Chevy Malibu (Suppose to be daily driver, but the Burb is) Phoenix, AZ. Click Here for Parts and Venicles I have Available THINGS I AM LOOKING FOR: 67-68 SUBURBAN TRIM. $$$$ Reward for finding the 3rd door trim piece and the small piece that goes on the 1/4 panel right behind the 3rd door. __________________ Just sitting here contemplating contemplation.

04-30-2002, 08:24 PM	#3
Rhino Registered User Join Date: Mar 2002 Location: carthage, tx Posts: 108	I just went through this with State Farm....they will give you a policy for any stated value it just costs money(and in the event of your truck being totaled they still only pay wut they determine it to be worth...supposedly fair market value for a clasic is simmular condition) so you have to determine what trucks like yours are selling for and get prof of those costs in order to get paid....Their regular full coverage insurance is pretty high...much higher for a 6 grand stated value than the insurance on my wifes brand new Suburban....but they offer Clasic insurance for a non daily driver which i got for about 70 bucks for six months...not to bad... __________________ 1968 C20 long bed http://home.earthlink.net/~yup00

04-30-2002, 11:09 PM	#4
busterwivell Registered User Join Date: Jan 2002 Location: Sahuarita, AZ USA Posts: 2,033	Be REAL careful with State farm! I had ALL my insurance with them. Business, Malpractice, Homeowners, All vehicles, umbrella, etc. While the Studebaker was under construction, they kept hassling me about only having comp coverage on it; ie cancellation notices on umbrella policy. I woulld send a picture of it in pieces in garage and they would "go away". Finally, the day came to put it on the road. They wanted to know a value. I gave them one, (over 10K) and they insured it but kept wanting an appraisal. We attended a show in Laughlin, NV where they had an NSRA safety 23 inspection and appraisal all set up. I did the inspection, got the window sticker, and did the appraisal. I was floored with the figure they gave me, but took the appraisal to my agent's office. They quoted a premium, but after months of discussion, they refused to insure it, because "modified vehicles have lesser value than restored". My new coverage is for stated value (appraised), no mileage limit (but can't be a daily driver), and I'm a lot happier. Check your coverage! ------------------ 56 Studebaker 2 dr Wagon 66 Chevelle 2 dr 4 speed 71 C30 Longhorn 86 Monte Carlo SS 96 Tahoe __________________ Bill - Tucson, AZ 47 Chevrolet 2 dr sedan 56 Chevrolet 210 2 dr sedan 66 Chevrolet Malibu 2 dr 4 speed 71 Chevrolet C30 Longhorn 86 Chevrolet Monte Carlo SS (Sold) 01 Chevrolet Tahoe IM - BUSTERWIVE@aol.com

05-01-2002, 07:04 AM	#5
70c10 67-72 Addict! Join Date: Feb 2002 Location: The TAX State! Posts: 7,857	My truck is insured full for $8k with Nationwide. I am limited to weekends only but I still pay $248 per year. If I had a garage, I would go with J.C. Taylor or Haggerty for almost half. __________________ Jim 1970 C/10 Fleetside w/Ghost Flames Lowered 4.5" front and 4" rear (Raked) 355/350 Turbo w/shift kit 10" Redneck Performance Verter w/2500 stall Hooker Super Comps part#2808-1 Performer RPM Air-Gap 12 Bolt w/3:73 gears- Eaton Posi Comp Cams XE262 with 1.6 Crane Energizers, Road Demon 625 and Brodix IK 180 heads



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