Good to see you got ins. You didn't mention any numbers, but most "Collectors" policies have a bunch of use & coverage limits that usually result in a fairly low rate as compared to "regular" policies.
I have had Allstate Ins for over 40 years and I have a stated value rider on my Hunter (that incurrs an extra premium) that will pay up to $10,000 in the event of a total loss. Of course I have to prove replacement cost should that happen, but at least I don't have to fret about them using BlueBook or other listed values.
I have heard that Allstate does not offer this option in every state, but you might check with your agent.
BTW: As a new customer, suspending coverage might not save all that much due to "fees", and may get you tagged as a less desireable customer. Check out those issues before you suspend.
Originally Posted by chuyler1
Well my regular insurance company who is affiliated with AAA wouldn't insure a vehicle that was 36 years old. Then my collectors insurance wouldn't cover the trailer.
I called a few other collector insurance companies after seeing a wiki page on the tincantourist website. All of the companies listed did not in fact cover trailers. One mentioned covering teardrop style custom trailers on their website but on the phone they said nothing is covered.
Anyway, I just got off the phone with Allstate. They offered coverage on my 1975 pickup at double the rate of the collectors insurance but much better coverage. I will be able to add the trailer once I take possession and both will be covered. I'll probably take the vehicle off the road in winter and put a hold on the policy to save money.
The only risk here is that in the event of a total loss (lets hope that will never happen) they may not want to pay out what I still owe on the vehicle, since its actual value far exceeds what KBB and NADA consider it. I asked about it and the representative said they will take the loan, the repair estimates, and book values into account. I'm a pretty safe driver so I hope it doesnt come to that...but at least I'm covered for liability on both the truck and the trailer.