Agreed Value

NettlesD said:

Looking at Collector's Insurance and I want to see what kind of value I should put on the truck. I called Hagerty, Grundy and American Collectors. I told them $25K but I think that value is way low. Any input on the value?

2006 Quad Cab
Inferno Red
42K miles
Navigation
Factory Entertainment System
Stock except for Paxton Supercharger

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NettlesD said:

Looking at Collector's Insurance and I want to see what kind of value I should put on the truck. I called Hagerty, Grundy and American Collectors. I told them $25K but I think that value is way low. Any input on the value?

I use Country Financial and the quote was based on purchase price, however its value is market driven. Worth mentioning truck is categorized as a "pleasure only" limited 10K miles annually.

In the event of a total loss insurance will pay current market value. Vs and agreed amount where you pay based on the mount to want to insure.

I also have mine under "storage" rates. $80 for the year. When I use it, I email my carrier and coalition gets added. In storage rates you get all the coverages minus coalition, it's supposed to be stored.

Lastly, 6 months with full coverage is around $500 with 500/500/1M & $500 deductible.

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NettlesD said:

Thanks. I'll look up Country Financial and see what they have to say. I like the "storage" part. The truck is currently insured with AAA and they allow me to put the truck in "storage" dropping collision coverage. It's just that if the truck was in an accident then AAA isn't going to give me anything for it.

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