The 1947 - Present Chevrolet & GMC Truck Message Board Network - View Single Post - Update...Insuring your truck...a note of caution.

**LEEVON** · 01-21-2009, 12:38 PM

I have Hagerty at $20K on my truck, and it's about $250-300/yr. It's not just errands, but you can't drive to work either. If I recall correctly, a policy like Hagerty or Grundy is a TRUE full value replacement for amount insured, no questions asked whereas "stated value" policies don't necessarily pay out your stated value (they will depreciate and comp your truck like a normal policy, even if you have a stated value on record).

There are some good threads here somewhere on this from those with experience filing claims. I just know that Hagerty pays with little or no hassle. Lose your truck, get a check. BUT, if I can get a better premium with less restrictions than I'm all ears.

I'm going to check out the company that Big_Al_71 mentioned. That's a smoking deal especially for Miami! We used to live there and we moved from Miami-Dade to Broward in the same month I turned 25. My regular car insurance was cut by around 30%. A couple years later we left the state and it was cut again by 30%. AHHH, the fun of South Florida.

EDIT: Aha, found the link I was thinking of right under my nose in FAQ. Thank you Zonaman:

http://67-72chevytrucks.com/vboard/s...d.php?t=185660

01-21-2009, 12:38 PM	#9
LEEVON Registered User Join Date: Jul 2006 Location: Ozark, MO Posts: 4,887	Re: Insuring your truck...a note of caution. FYI I have Hagerty at $20K on my truck, and it's about $250-300/yr. It's not just errands, but you can't drive to work either. If I recall correctly, a policy like Hagerty or Grundy is a TRUE full value replacement for amount insured, no questions asked whereas "stated value" policies don't necessarily pay out your stated value (they will depreciate and comp your truck like a normal policy, even if you have a stated value on record). There are some good threads here somewhere on this from those with experience filing claims. I just know that Hagerty pays with little or no hassle. Lose your truck, get a check. BUT, if I can get a better premium with less restrictions than I'm all ears. I'm going to check out the company that Big_Al_71 mentioned. That's a smoking deal especially for Miami! We used to live there and we moved from Miami-Dade to Broward in the same month I turned 25. My regular car insurance was cut by around 30%. A couple years later we left the state and it was cut again by 30%. AHHH, the fun of South Florida. EDIT: Aha, found the link I was thinking of right under my nose in FAQ. Thank you Zonaman: http://67-72chevytrucks.com/vboard/s...d.php?t=185660 __________________ '20 Silverado Trail Boss ~ '17 Tahoe ~ '79 K15 Sierra Grande ~ '76 Blazer 2wd ~ '71 Cheyenne swb ~ '55 Pontiac Safari ~'50 3100 bagged ~ '80 Wife ~ Late model kids Last edited by LEEVON; 01-21-2009 at 12:53 PM.