hoosierpoet
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Post by hoosierpoet on Jun 27, 2013 17:41:57 GMT -8
Noticed there was nothing posted here - I figured it would be fun to be first! We have MetLife for auto and home, and have $8000 insurance (full coverage) on our '61 Shasta Airflyte. Costs $3.00 a month! They didn't ask for any proof of value, said the value was whatever we wanted to pay for. I'm not sure how that works - I would guess if you have a claim, they'd want to see some sort of photos or documentation. Or maybe not??? It was certainly a breeze to get, and you can't beat the price. I've heard horror stories of having to jump through all sorts of hoops to get a vintage trailer insured, just thought I would share.
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Hamlet
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MetLife
Jun 27, 2013 20:04:41 GMT -8
Post by Hamlet on Jun 27, 2013 20:04:41 GMT -8
Pretty much the same with Hamlet. through AAA - around $4/month, I think. No proof of anything, so we insured our little guy for $8k as well.
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gonekayaking
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enjoying using my camper and not working on it anymore!
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1956 Shasta 1500
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MetLife
Jun 30, 2013 6:54:37 GMT -8
Post by gonekayaking on Jun 30, 2013 6:54:37 GMT -8
Well I insured mine with Nationwide for stated value of $4K which was before I finished it, also no documentation needed. It comes in at $80 for the year. Now that it's complete I need to see how to increase the value. So I'm gathering comps and of course have lots of pics. I'm going to go for $8,000 as well...which is what it would cost me to replace what I did. Hopefully it won't need to be appraised.
Any members that saved ebay sales prices on mid 50's restored 1500's please let me know.
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MetLife
Jul 2, 2013 10:12:30 GMT -8
Post by orbitmonkey on Jul 2, 2013 10:12:30 GMT -8
hi all! check with your insurer's to see if they are a "fair market insurer" or a "replacement cost insurer". it sounds like each of you have a fair market or acv (actual cash value) insurer. what this means is, what would the private market pay for such a rig. regardless, i would get an independant appraisal, one that your insurer will accept as a determiner on what you may expect in the event of a total loss. that way....you will not get any unpleasant surprises if you need to claim for a total. case in point, you can pour a ton of money in to a model t and it will still be worth $12-$15k after the restoration.
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247stream
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Post by 247stream on Jul 3, 2013 3:55:48 GMT -8
My home/auto etc policy will gladly insure my trailer...at a depreciated value...meaning about nothing. They will also gladly let me say its value is 8k, pay appropriate rates but still tell me (off the record) that it will still only be a depreciated value plus any proof of receipts. Well, I'm hesitant to trust an insurance co and certainly don't want to fight with one if I find I need to test their claim so we are going to be using FCIS (farm and country) because they will give us an agreed upon value, based upon a certified appraisal. We're using PinnacleAutoAppraisers and they've been very helpful when discussing what I'm looking for and what the insurance co is looking for. I will feel more confident with this type of insurance, and less scared to take the trailer out on the roads, even though it will cost about $15/month.
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curlycat
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Post by curlycat on Jul 9, 2013 15:09:01 GMT -8
I just insured our 64 Airflyte for 8k as well (just because everyone else did) . It was $100 for one year with AAA. A representative needed to come out and take pictures then submit them to verify the value.
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dsrtdwelr
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MetLife
Jul 25, 2013 15:48:01 GMT -8
Post by dsrtdwelr on Jul 25, 2013 15:48:01 GMT -8
I, too, would be happy to counsel with anyone wishing to insure a restored vintage trailer. My tacit suggestion is that - if you intend to insure what you've restored or re-created - obtain both an Actual Cash Value appraisal from a credentialed professional and write only an Agreed Value policy. That's the best way to assure fair treatment if "life" happens to your trailer. Tour my website at: www.southwest-valuations.com
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