I am least onto a company who is the best insurance company For truck comp and collision

A lot of the carrier connected PD coverage I've seen only pays ACV...more or less 'book' value at the time of the loss and for years I've been advising the owners who take that coverage of the payout instructing them to remember to reduce the stated value to avoid paying for coverage at the original amount throughout the life of the loan when they would only get ACV.

Now you would want to do the opposite, increase the stated value to mirror the ACV in today's market as the truck may now be worth much more than the original stated value...somehow I would suspect that the insurance actuaries have added a clause that keeps them from paying over the stated value as the truck book value has gone, in their minds, the wrong direction...UNLESS you pay for additional coverage.

 

The insane insurance rate is why I’m leased on to a carrier and Not running my own numbers.

 

I should clarify so anyone reading this doesn’t get confused, Crawford Phillips only writes policies for those few states surrounding OK. Great West does all the states except the ones listed by @scoobertdoo