I would agree. On both my '95 defender and my new to me S3 I worked with my agent to establish a reasonable assessemt of replacement value which is the only relevant metric to insure against. Unless your truck is a total disaster the original price will be far lower than it's current value and therefore a meaningless number.
1995 NAS D-90 Soft Top, AA Yellow
1973 Series III '88 Hard Top, Limestone
1957 Series I, Deep bronze green
I've got coverage with Grundy and have been pleased-it's a specialty policy for classics but I don't have a mileage restriction and the coverage is cheap. I got quoted by Hagerty but then they refused because I might take if off road-imagine that a Land Rover going off road!? Grundy had no problem with it but I did explain that off roading in a 64 IIa means fire lanes, dirt roads and beach driving-not rock crawling.
64 IIa 88
94 Discovery
06 Toyota 4R (DD)
~Matt
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"Not all who wander are lost"~Tolkein
So that means your insurance agent thinks a 64 SC Cobra is worth $6000.00 because that was the original price? I agree with the others, you need to find an agent that looks past his computer screen.
Gale Breitkreutz
'03 Disco
'74 Series III 88 (sold, 4/13)
'47 CJ2A
They need to know the original value so they can determine it's current value based on depreciation. That's how a normal policy works. If you want a policy based on what it's currently "worth" then you need a different type of agreed replacement cost policy.
I asked my agent who does our cars, house, business about agreed upon replacement value and they wanted me to get it appraised. I sort of thought that was their job to do so I've been thinking that I might look elsewhere for the rover. Will check out the above mentioned.
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