Insurance coverage

[massivespl]

on your customs truck what kind of coverage do you guys have... I have over $18,000 in audio equip in my truck, my insurance company said they cover up to $5,000 and I'm trying to get a rider for more coverage... I just want to feel safe that everything is covered... My truck threw acouple check engine codes and I hate taking it places and leaving it over night, would be a great peace of mind know everything is covered and not just $5000. I have farmers Buaro insurance

 

[iLikeEggs]

For the insurance companies I think it's a matter of practicality for them. In regard to electronics, everything is outdated/upgraded pretty quickly these days. What you pay a ton of money for today you will find on ebay for a fraction of the cost in a year and they kind of get that. Then let's say that you do file a claim for theft. Your rates may increase significantly when renewal time comes around. You are now in a high risk pool. If you are shopping for a new company, they will ask you about claims. If you say that you have none they will find out anyway as they tend to share claim info. Yes, there is a big evil insurance claim database. I'm not saying that you shouldn't buy or spend whatever you want on equipment, just be prepared to pay a lot more to insure it. Most insurance companies are reasonable and will cover up to a certain amount in upgrades, but they look at it like it's your own personal decision to spend however much you spend on fancy stuff, not theirs.

 

[Mmartin]

If its farm bureau, then you can get a customization rider on your current policy. I added a 10 k rider to mine just to be safe and it added 120 a year to the bill.

 

[nastety92]

Can we see what $18k worth of audio equipment looks like in a truck? I spent $3-5K at one time on a full audio system but couldn't imaging spending anywhere near $18K. I also put in on my insurance and it was very reasonable.

 

[massivespl]

Can we see what $18k worth of audio equipment looks like in a truck? I spent $3-5K at one time on a full audio system but couldn't imaging spending anywhere near $18K. I also put in on my insurance and it was very reasonable.

Here's acouple pictures but lots of $$
4 350amp alternators $2200
4 sundown nsv3 18s $4000
Two crossfire 8k amps $3000
5 batteries $1000
Plus all speakers and amps for that, door panels and cpillar all the wire and install acc.

 

[jerryjoe28]

WOW... if they wont let u cover it on your main policy maybe u can take out a 2nd on the equipment?

 

[nastety92]

DAMN, now I can see how you got to $18K. Do you do shows or competitions?

 

[massivespl]

Just go to shows and demo and hang out.

 

[El Capitan]

You need to get an "Agreed Value Policy"
-In short terms you tell them my truck is worth $30,000 and they will build you a policy to cover $30,000

 

[nastety92]

I have an agreed value policy on my Typhoon through Grundy. Sometimes there are limitations on how much you can drive a vehicle with agreed values policies, I would make sure you look into that first. I don't put to many miles on my truck so it doesn't really affect me. I pay $330 a year for $30K worth of coverage.