Agreed-Value Insurance (like Grundy's)

[homesick]

Does anyone have any experience with this type of insurance? I think you can get it now on 'drivers'. not just on garage queens and show cars.

I have a 24 year old truck that's driven daily, that's in near perfect condition. I paid 5 figures for it, but 'Full Coverage' standard insurance for it is only good to roughly $2500.

All help is appreciated.

joe

 

[Big Mama]

I’ve had it twice. Once on an 81 step side. It’s relatively inexpensive and now has unlimited miles. They’ll ask what you use it for and about your other cars to ensure it’s not a dd. The rate is lower than my regular insurance bc of that. They assume you baby it. The rate is based on the value alone and they have many plans

 

[Squirrelsmith]

Interesting. I probably have 7k into my 2 door i wonder at what point it is worth lookjng into this.

 

[Big Mama]

I’d look into it if it’s not your dd it’s garagef and worth a lot more than what you’d get if totaled

 

[grouch]

It does have to be garaged in most cases when you aren't driving it.

 

[Tonyrodz]

It does have to be garaged in most cases when you aren't driving it.

I tried to get this ins for my GN, but since I don't have a garage I'm ineligible.

 

[homesick]

That's a bummer. Mine lives in the driveway too.

joe

 

[Tonyrodz]

That's a bummer. Mine lives in the driveway too.

joe

Unless you can prove that you have it garaged somewhere else, other then your residence. They might also ask for a pic of it in the garage as proof.

 

[RST Dana]

Had it on a 61 Corvette one time. Worth the money and piece of mind.

 

[iamdub]

I should look into this. It would be kinda funny having this type of insurance on something as mundane as an '08 Tahoe. But if it's legit and financially logical, then why not?