Re: Insurance value of my WC53


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Posted by Vaughn [99.104.64.232] on Friday, April 16, 2010 at 11:59:57 :

In Reply to: Insurance value of my WC53 posted by daveS [96.228.80.193] on Friday, April 16, 2010 at 09:02:12 :

Insurance companies have no way to determine the value of your truck. You will have to gather sales data on trucks comparable to yours that have sold or are for sale and provide copies of that info to your agent, with periodic updates. Companies are more than willing to insure your truck for a certain dollar value, and if YOU don't provide proof that it's worth what it's insured for, you will probably be disappointed in the payout amount. I can have a truck insured for $8,000 and without proof, they may only offer $1,500. Use MV sites or certified appraisers as companies will also look for an authority on values.



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