Insurance question

I have two 359s insured through progressive a 81 & a 85 they have never questioned the age ...been with them for 5 years now
What I worry about is if I ever had claim they would be quick to write it as a total lose because of their age

 

That's my issue with having physical damage on an older truck. They tell me they'll pay "market value". Sounds like broker ripoff speak to me.

 

@SmokinCAT is from around your area. Maybe he can chime in. He loves those “Classic” KW COE’s.

 

I know... I have close to 45k and need to spend more on the 81 they told me they would only insure it for ( market value) which could vairy alot depending on how they determine market value.. It makes me nervous
In fact I've been following the Moose Bumper thread on here .. I don't much care for the looks of them but I've had a few close calls with deer lately and seriously thinking about getting 1 because I'am sure Progressive would total the truck if I made a claim on a deer strick..

 

I don't have any physical damage coverage at all because they're going to screw me. I don't like the looks of those Mad Max looking things either but the roads are just too third world-like to take any more chances. Deer are just as much of a concern as sheeple to me at this point. Just spent over 5k on a new 4 row dimpled radiator and 900hp CAC. Can't have those destroyed by antlers nor morons. I have to get Tina Turner on my hood screaming about Thunderdome soon.

 

I've had many conversations with the insurance companies about what happens God forbid if the truck is totaled.

Every single solitary one basically told me it's a completely arbitrary thing that they figure market value. I said okay what is the market value today? No one could give me an answer.

So you can insure your truck for any amount that you want and they're going to give you whatever amount it is that they want.

How did they figure it? God only knows.

By the way I don't remember exactly how the coverages work but you should not carry just liability on your truck and trailer.

Like I said I can't remember but it has something to do with covering Towing the truck and trailer and if you were loaded and that load spilled covering the cost of the cleanup.

I know that I have that backward but it was something along those lines.

 

I have seriously thought about dropping my phy.damage coverage too.. Your 100% correct they will bred me if I ever have a claim .. I have a friend that just got hosed on his 379 by progressive he smoked a sheeple in Wy. 2 weeks ago

 

My insurance covers all of that. Fuel spill, clean up etc etc. Yeah, the physical damage part is too ambiguous for me to pay for. I should be able to give them a value and pay accordingly.

 

Like I stated earlier, the only realistic way to get Phys Dam coverage on really old units is to get ahold of a broker that knows his/her way around the Specialty Marketplace.....to get a Lloyds of London placement on an Agreed Amount Form......based on an average of 3 appraisals they will provide coverage