Agreed Value insurance policy?

[NoGo2R]

Would like to hear from members on which insurance companies are ideal for the 70 series Land Cruisers.
It might've just been the particular agent, but when I called USAA today to get a policy started...and it got to "what model?" and I said "HZJ76", there was a few seconds of silence...then..."a what?"

From what I've read so far, getting an Agreed Value policy is the best, but limits who can provide coverage...

Also, is MUD a recognized "Auto club/organization" when it comes to receiving premium discounts?

Thanks in advance

 

[AirheadNut]

Not sure the best option for insurance, I’ve always just had liability on mine. With regards to auto clubs or organizations, Mud almost certainly doesn’t count but joining your local TLCA chapter would.

 

[NoGo2R]

Not sure the best option for insurance, I’ve always just had liability on mine. With regards to auto clubs or organizations, Mud almost certainly doesn’t count but joining your local TLCA chapter would.

Thanks.

Oh, that's too bad about MUD (seems to be pretty large and covering different manufacturers).

Thanks also for the TLCA suggestion - closest to me (Wisconsin) is Indiana unfortunately....

 

[Matt Sierra]

USAA is pretty easy to deal with. Just tell the agent that you have an imported vehicle with a foreign VIN that won’t validate in their system. They’ll ask for make and model (Toyota Land Cruiser) and then I gave them HZJ75 as the trim.

So long as the make, model, and VIN match the title and VIN plate on the firewall you should be good to go.

 

[NoGo2R]

USAA is pretty easy to deal with. Just tell the agent that you have an imported vehicle with a foreign VIN that won’t validate in their system. They’ll ask for make and model (Toyota Land Cruiser) and then I gave them HZJ75 as the trim.

So long as the make, model, and VIN match the title and VIN plate on the firewall you should be good to go.

Oh, then totally my mistake. No wonder the agent was confused...

I thought the model was HZJ76 and the trim was ZX.
I'll ask the importer to send a picture of the firewall plate to make sure I pass the correct data.

Thanks for letting me know the correct information to tell the agent.

BTW, how was your experience getting a USAA policy with a Agreed Value - additional paperwork/forms, pictures, etc?

 

[aidendr]

I tried going through USAA but ran into issues with every person not understanding how to do non-standard VINs;

Progressive is who I ended up going with and opted for liability.

 

[NoGo2R]

I tried going through USAA but ran into issues with every person not understanding how to do non-standard VINs;

Progressive is who I ended up going with and opted for liability.

That's too bad about USAA... fingers crossed it goes easier when I try again.

With Progressive - "opted for liability" - does that mean you didn't get a full coverage policy?

 

[aidendr]

That's too bad about USAA... fingers crossed it goes easier when I try again.

With Progressive - "opted for liability" - does that mean you didn't get a full coverage policy?

Disregard, I have full coverage. I had to take another look at my policy. I apologize.

I guess when it comes to USAA it’s just luck of the draw as far as getting someone on the phone that knows how to do imports

 

[NoGo2R]

So an Agreed Value policy is not the norm for MUD members with 70's..?

I get lightheaded just imagining what I'd do if I was given an insurance payout of less than $10K on a vehicle with a market value between $40K - $50K...

 

[Guyute]

Using State Farm with agreed value policies for my two JDM imports with zero problems. I daily drive them so don't qualify for classic car insurance where they limit mileage per year. But have heard/read that Hagerty is good with vintage vehicle insurance if you fit the criteria.

Oh. I did need to get them both appraised on my dime.

 

[marshcat]

I've had agreed value policies on my HJ61 with Safeco and with Hagerty. Neither one required an appraisal, just pictures demonstrating the rig is in good condition.

 

[Guyute]

W/O the appraisal State Farm wanted to agree that the value of a 1993 US 80 series was the same as my '93 JDM 77 series. At the time those were vastly different... now the 80's might be worth more.

 

[NoGo2R]

Using State Farm with agreed value policies for my two JDM imports with zero problems. I daily drive them so don't qualify for classic car insurance where they limit mileage per year. But have heard/read that Hagerty is good with vintage vehicle insurance if you fit the criteria.

Oh. I did need to get them both appraised on my dime.

That's good to hear.

My intention also , is to drive the 76 when I want/where I want - no limitations.
No desire to get Classic/Collector status for insurance.

I've spoken with Hagerty and Grundy.....
I don't see myself doing any business with either of them.

An appraisal sounds like a great idea to protect both the insurance company and myself.
We'll both know where we stand - no surprises.

Thank you very much for letting me know about State Farm...I would've never thought of them as an option.

 

[Gun Runner 5]

Somewhat related ……
My son wrecked my 1995 Defender 90 when he was in high school. When the State Farm adjuster came out to look at the damage he noted the parts that would probably need replacing including the hood. I told him that Land Rover wouldn’t have parts for that vehicle in the U.S. and it would need to be sourced from a speciality company that dealt in Defenders. He assured me that he had sources and it wouldn’t be a problem. After a few days, he called wanting to know if I could supply my sources.
It’s hard to believe, the experience would be any different owning a 70 Series. I fortunately have never wrecked one of my Land Cruisers but I can’t imagine the “insurance experience” would be overly pleasant.

 

[NoGo2R]

I've had agreed value policies on my HJ61 with Safeco and with Hagerty. Neither one required an appraisal, just pictures demonstrating the rig is in good condition.

Safeco..??

The other day someone told me to look up Tokyo Marine.

I had the same reaction to them

??

Thank you for letting me know about Safeco.

 

[rick_d]

You should understand an accident of any significance would yield a total. Defenders have more US parts than 7x series. And when 25 year old parts come up non import the truck is dead. I have carried liability only in AZ since early 2000’s on my 7x series. I only hope I will take home carcass if it gets totaled.

 

[Guyute]

An agreed upon policy with said appraisal covers you for that agreed upon value if it's stolen as well. There were differences between stated value and agreed upon value. Look into that difference. Stated value didn't need an appraisal but also doesn't cover that full value. Sure they base it on 92430 factors and find ways to decrease your payout.

In the grand scheme of things costing monies in my life...it wasn't much more $$ to cover my rigs this way. Appraisal was a snap. Had a fella come to my place. He was an old school hot rod guy. Good talk. Provided some comps from the internets, my receipts and list of mods/aftermarket sh1t. He did his homework and came back with a number a week-ish later.

Your result may vary.... check with a licensed insurance crook in your area.

 

[DrRock]

I think some of this depends on the state you live in. State Farm here in CT flat out refused to do agreed value for my 60 or 75 despite me providing dealer inspections and valuations, photos etc etc. I ended up going with Hagerty just to add another data point.

 

[Gun Runner 5]

I think some of this depends on the state you live in. State Farm here in CT flat out refused to do agreed value for my 60 or 75 despite me providing dealer inspections and valuations, photos etc etc. I ended up going with Hagerty just to add another data point.

Just curious, does Hagerty require the vehicle to be parked in a lockable garage?

 

[DrRock]

Good question, I’d have to read through my policy and confirm. When I set up the policy initially I can’t remember if they asked that specifically but my garage would meet that requirement.