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How do I insure my truck for a set cash value?

I run a 1999 freightliner century. I've done most of the upgrades Kevin talks about. I have a ton of money in this truck. The problem is the market value of the truck is only about $11,000. I could never replace this truck for this. I figure I would need about 40K to 50K to replace this truck. Is there any way to insure this truck for that amount and what insurance companies would offer this kind of coverage?

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The best way is to let them total,re buy it as a salvage and do it all over again. I almost faced same problem with an 03 volvo ,had crash right after a 25,000 inflame with other guy at fault, and insurance finally decided to fix it. Otherwise i would just have to buy it from them. Cases like this,get a good lawyer and shoot for very good down time payment to cover your difference in loss, thats if other guys insurance starts dicking you around.

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But with the trend of trying to stay pre-egr, its really a headache when u just see a deer trying to cross in front of you. A deer can put you out of business,imagine that,been worried bat a deer. I suggest to get a nice huge bull bar to protect your investment.

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This is the problem with putting all this money into a truck. You probably won't find any insurance company that's going to insure your truck for more than market value is.

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I will be able to tell you soon. I have (had) a '99 Pete that I had put two tons of money into that was totaled last month. It was the other guy's fault and I am hoping we are close to finding out how bad the insurance company is going to screw me. They requested and I sent all repair/reconditioning/upgrade invoices. (It took them over a month to decide it was totaled.)

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ouch, sorry to hear that. I'm into a 99 T600 that will be the same way soon enough-over valued according to the market sales.

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There must be a way to do this, people with custom motorcycles, cars or other specialty vehicles have them insured for their actual value.

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I'm also going trough the same problem i have a 96 w900l that was just total loss and only been offer less then what the market value is selling out there right now even if i wasn't at fault this just remainds me of a playing games they always win and we can't do anything about it.

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My Great West agent asks me what I want to value my trucks at every year at renewal time. Tell them about upgrades, accessories, APU, deer bumper, etc. If they aren't asking you, ask them.

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The reason your agent is asking this question is so you don't pay to much money in insurance premium on your current truck at say 85,000 dollars when truck is only worth 65,000. I readjust value on my truck 3 to 6 months

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Custom cars and motorcycles are specialty vehicles and usually seldom driven, insured through specialty insurance.

Trucks are commercial vehicles and driven hundreds of thousands of miles, in commerce.

That is the difference and why you won't find insurance to cover what you want.

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I know I am going to get blasted out of the water for my commment but here goes, dont bother with having insurance and bank your premium you would have been paying. Any kind of insurance is a gamble, you buy it hoping never to use it. I have always ran old trucks that were worth far less than what I had in them I have not had any ins other than liability for over 15 years, u figure what has been saved YES! IT IS A GAMBLE BUT BOTTOM LINE IS ALL THAT MATTERS

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Rick will be eternally grateful.
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