Are there any options in the classic/antique coverage for those of us who use old trucks for our RV purposes?
I have a 1965 F250 that I will be using as my primary tow vehicle for a truck camper, and occasionally pulling a trailer with my Scout on it. I don't daily drive this truck, and will put at most a couple thousand miles a year on it.
My concern is that the typical classic/antique policy doesn't cover you if the vehicle is used for more than the occasional "nice day" drive and club/parade functions, with them specifically stating that they no longer should be used for hauling or camping, and the "normal" comp/collision policies is going to depreciate the truck so much that it won't even be worth paying the premium for it. Or at least that's my assumption, based on what I found when I tried to put full coverage on my '93 Camaro Z28 - after a little over two years, the increased premiums would cost more than just replacing the car. Of course, this is based on a vehicle that could be replaced for a few thousand dollars. It probably would be a different story on a vehicle that would be tens of thousands.
But there again lies my concern - I could pick up a pretty nice '65 to replace what I have now for around $3500 easy, and at the moment, have less than $1000 in my current truck including purchase price. I figure even after the full rebuild of the driveline, I'll still be under the $2000 mark.
I'm guessing that it's a case of just biting the bullet, so to speak, and taking my chances out there.
1965 Ford F250 Camper Special 352/4spd - tow vehicle
1974 Juno Real-Lite - truck camper, currently undergoing rebuild
I have a 1965 Ford Falcon wagon (mothballed at the moment).
Up 'til recently it was my daily driver, and I had it insured on my regular policy at its replacement value. All it took was an appraisal. Had very little effect on my premium.
" Not every mind that wanders is lost. " With apologies toJ.R.R. Tolkien
If I read your numbers correctly the maximum value of a total loss on the truck would be $3500. Just purchase only liability coverage and then just self insure the comp and collision coverage.
Even with a low deductible ($100) you exposure is only $3400. Put the savings in premiums aside in the bank as a cushion in the event of a loss.
Self insurance is a viable concept since liability insurance is the only required insurance.
Offline
