Insurance question

Discussion in 'Ask An Owner Operator' started by DR1188, Sep 21, 2021.

  1. DR1188

    DR1188 Bobtail Member

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    Apr 20, 2020
    Chicago
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    Hi all. Prior O/O coming back after extended time away, having issues getting insurance on older equipment. Rebuilt a 1974 Pete 359 and a 1980 KW K100 Aerodyne, and have a couple 90’s double-drop flats to go with.

    So far, every insurance carrier I’ve contacted refuses to insure anything older than 25yrs - which nukes my power units entirely (and puts my trailers in a questionable situation). I’ve seen some out there still running Brockway/White/GMC/Ford, which haven’t been made since the late 80s….along with the more usual PACCAR brands. Where are y’all getting coverage these days for 25+ year old machinery, used for-hire (not farm or collector trucks)?

    My MC/USDOT is based out of Ohio, though I reside in Texas now (if that matters).

    Thanks,
    -D
     
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  3. MLC Adventures

    MLC Adventures Medium Load Member

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    Had no trouble insuring my 30 year old Volvo with Progressive. None of the companies I quoted with ever mentioned age.
     
  4. DR1188

    DR1188 Bobtail Member

    18
    7
    Apr 20, 2020
    Chicago
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    I got a quote from them, as a last-ditch effort (had progressive 10yrs ago and they are known for what they do with rates and fleet sizing).

    They were one of the ones who refused. The rep said I could get *farm* insurance, but that I wouldn’t be able to drive far or for-hire, and if caught, could lose my current/future coverage options through Progressive.

    I will call them back and inquire further on this.
     
  5. 062

    062 Road Train Member

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    DR1188 Thanks this.
  6. wore out

    wore out Numbered Classic

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    CHASIN THE DEVIL'S HERD
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    Try a different agent. I have a 91 and an 86 insured through progressive. They may not renew but so far nothing has been said the 3years or so I been with them.
     
    Speed_Drums, DR1188 and 062 Thank this.
  7. DR1188

    DR1188 Bobtail Member

    18
    7
    Apr 20, 2020
    Chicago
    0
    Thanks WO. I am a cabover nutjob, and have a 2005 Pete 320 (mine) and a 2001 Argosy (wifes) that I’ve never had troubles insuring…and in ages past, leasing onto other carriers. I got my own everything because I was tired of being told what and how I’d be *allowed* to run my business - including having my spouse team-drive with me.

    Since most current cabover models are refuse or otherwise special use (ex: fire trucks), restoring oldies is the only way forward. The Pete I restored solely because it has a Detroit 12V71TI in it, but it’s my only conventional cab unit.

    If I had to give up my older trucks after all tbe time and effort on them, I’d be heartbroken (and pissed). We were bored in retirement, but coming back, it seems much has changed in 6-10yrs…
     
    Speed_Drums Thanks this.
  8. 062

    062 Road Train Member

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  9. Chieftains

    Chieftains Light Load Member

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    Jul 18, 2021
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    If ya don't mind.
    Posting a picture of 2005 Pete 320
     
  10. wore out

    wore out Numbered Classic

    12,610
    160,830
    Jun 5, 2013
    CHASIN THE DEVIL'S HERD
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    I’m just gonna say you probably haven’t seen anything yet in way of changes........more happening every day. Days for those like myself are numbered I’m sure, that said I ain’t just gonna hand it to em and slink off quietly.
     
    Catmando and clausland Thank this.
  11. calnca

    calnca Medium Load Member

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    Apr 2, 2014
    Bella Vista, AR
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    Try National Indemnity Company......with that age you would need a "vehicle inspection" to make sure it's safe, but otherwise Liability shouldn't be a problem.

    Phys Dam is another thing.........would probably need a Lloyds policy with an "Agreed Amount Clause", based on an average of three appraisals.
     
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