Does anyone know know how an insurance company puts a value on an old truck or where I can go to look it up?? Last Friday someone idiot in a b truck decided to occupy the lane I was doing 65 in and I ended up Jack knifing my truck. Thinking it's going to be totaled so I'm trying to figure out what I might be looking at so I can try and get my sucks in a row
Finding value of 96 w900?
Discussion in 'Kenworth Forum' started by sparky88, Feb 25, 2016.
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Google whole sale value. That's all an insurance company will ever shell out for an older truck. For a w9 i figure you are looking at 12 to 15k. Or what value you have it insured at, which ever is lesser.
Take the money, keep the truck put a used sleeper on it and call it a day.Dominick253 Thanks this. -
Yeah all the places associated with truck values want money to look it up. If it only needed a sleeper I would be doing that. But unfortunately it needs a lot more then just a sleeper. I know insurance tries to pay as little as possible which is stupid. They ask you what the value is so they can insure it for that much. So say I value it at 30k that's how much I pay on insurance then they are only willing to give 15k so I could have paid less the whole time. Oh well
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Look for similar truck for sale on truckpaper.com may give an idea. There is also a NADA book on truck values like the ones for cars.
Drthlr Thanks this. -
ALSO this is one of these times when you all need to review your insurance and stop being cheap. We have riders on the equipment and have a stated payout value for the truck if it is totalled, it costs more but crap if you are making $75k per truck, then it isn't bad.
Two other things that comes to mind, if they total it out, find out what they can do on a compromise to repairing it to save them money (take that approach if you can). which leads me to the second thing, if it doesn't have frame damage (which it don't look like it), sleepers are all over the place and not hard to put on. I just bought one to sell to a guy who wants to put it on his new Dodge pickup for hotshot work, I paid $300 for it and selling it to him for a few more bucks for getting it to him - it is off a 2000 Pete, so if you get a couple grand for repairs opposed to $7 to 8 grand or what ever, just get a sleeper and put it on. -
Used sleeper for the me aerocab is 3-7k used. Hood is cracked, bottom step ripped off, mirror bracket and mirror broke, fuel tank toast along with 1 possibly 2 brackets and straps, hydraulic tank is toast, deck plate and airline box. There is quite a bit messed up on it. Unfortunately our insurance is pretty basic. I was actually getting ready to switch but this happened. And luckily I'm not at fault so it's the other companies insurance that's responsible so we will see how it turns out
Dominick253 Thanks this. -
Last April a four wheeler wrecked the 96 Pete of a fellow I work with. I believe the insurance company valued it at 24k. We were all shocked. My guess without seeing all the damage they will total your truck. Depending on what you personally know about your truck you may want to see what it brings for salvage and buy it back and repair it. That will all take time though. The main structure of the sleeper appears to be mostly ok. You can put on new panels, a corner post, a couple of uprights, a door and then paint it. Good luck.
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Yeah I'm hoping for 25k. Just had a new pto pump and 18 speed put in around september, new head and cam January so I guess that's supposed to help the value. I have a couple cabovers I'm looking at so I'm kind of hoping they total it so I can pay it off and get a new one. As well as I was thinking of buying it back and turning it into a day cab
baha Thanks this. -
I've seen A Lot worse damaged trucks than yours going down the freeway. Pretty amazing what guys won't repair when it's needed. But trucking is a tough biz. Ya if they total it out, since its a solid 'hood' truck - not a plastic new style aero truck - I'd probably buy it back, fix it to use later (or build a show truck), or sell. Buy another one like the cabover you mentioned to keep rolling. Good luck to you.
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