Agreed Value insurance policy?
- Thread starter NoGo2R
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When you say pay for it, you meant they charge you for that one time tow or that you had paid for that coverage when you got your policy. I remember they offer that coverage if you paid the extra $70 for their membership.
Correct, the coverage for the towing was under the $70 "Drivers Club" membership.
Something like 100 miles per tow...
1IfByLandcruiser
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I'm shopping insurance as well for my 1996 FZJ80. Has anyone heard of Phoenix Insurance overland rig coverage? They came up in my research as a potential lead.
1IfByLandcruiser
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Update: My insurance on the FZJ was with USAA - liability only. I've tried several insurers to get more coverage but they've had one problem or another with the rig, title, VIN, etc. as many here have mentioned. Called them again today and they connected me to Progressive, who handles their RV policies. Progressive's RV people issued an Agreed Value policy within an hour for 6x the vehicle's book value based on mods and mechanical upgrades/refurbishing. (Thanks everyone who suggested "agreed value" approach.) It qualifies as an RV under Missouri standards (has a tent/sleeping platform, water tank, storage, "toilet" - literally a 5 gal bucket stowed in the cargo area, but it counts apparently). They had to run it past two supervisors and underwriting, but overall easy. . Cost was less than my USAA liability policy - crazy. Coverage includes Canada and Mexico; no garage requirement: extends to off-road use, and they had no problem with the short VIN or the fact that it lives in Missouri but is titled via a Montana LLC.
- Thread starter
- #46
Was an appraisal required?
1IfByLandcruiser
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No. They said it's possible underwriting would contact me and ask for a list of mods, but I haven't heard anything.
- Thread starter
- #48
Thank you.
I wonder if Progressive can be contacted directly?
if so, ask for RV Policy's or start with regular agent..?
I also use Progressive. I'd initially cancelled my Progressive policy which was just liability and went with SafeCo classic vehicle coverage as that's what a friend was using on his 40. After I got it all set up with the new SafeCo insurance policy I received a message from my agent saying that they were cancelling my policy (less than a month in) as underwriters did a drive-by of my house and noted that I did not have 'secure off-street parking'
I went back to Progressive and got a stated value policy for all my cruisers. No issues and not much more than what I was paying before with just liability.
The only accident/claim I've had with them was in our 80-series, so U.S. based/origination vehicle. But I was able to get a Slee bumber instead of them replacing the factory bumper as the Slee was less money than the shop buying OEM parts.
I went back to Progressive and got a stated value policy for all my cruisers. No issues and not much more than what I was paying before with just liability.
The only accident/claim I've had with them was in our 80-series, so U.S. based/origination vehicle. But I was able to get a Slee bumber instead of them replacing the factory bumper as the Slee was less money than the shop buying OEM parts.
1IfByLandcruiser
SILVER Star
I think go straight to the RV department if you have RV features - check your state law via Google AI to find out. If you don't at least loosely meet those criteria, maybe just tell an auto agent what your situation is.
I did a little more research after the fact and learned that Missouri considers an RV to be a vehicle that has 4 or more "independent life support" systems (and they are not what I consider life support, like winch and snorkel, lol). Things like a place to sleep, fresh water system, 110 to 125v separate power system, toilet, kitchen, separately controlled heating & air. For state inspection purposes, these need to be permanently installed, but Progressive seemed a bit more flexible or at least not as concerned about the details - perhaps because of the agreed value aspect. Underwriting may still have questions and I see the poster below got cancelled during underwriting - so I may not be in the clear yet. If anything changes, I'll let you know.
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- Thread starter
- #51
The HZJ76 coming to me (supposedly still...) has most of the items you mentioned for your vehicle - without the crapper.
Nothing exotic but likely meet the minimums.
Seems Wisconsin has similar "rules" as Missouri on qualifying items for a RV.
I too plan to have it plated in another state - Virginia.
Seems the truck came from the factory with the OEM "camping lifestyle" package
...
Same here. Progressive stated value policy and I did get a rider to cover all the shít I have on my rig and things I do with it. It increases the costs, but then again, the good thing with Progressive is you can turn it on and off as needed. I don’t DD these shïtboxes. They are functional implements.
I just carry liability insurance (with State Farm) on my 2 Cruisers. If I wreck one I’ll just cry myself to sleep for a few nights. 
Just curious, was the appraised value more or less than what you expected? I seem to always under-value my junk.
As I just did the 'stated value' with Progressive, no appraisal was necessary. I did not realize the difference between the 'stated' and 'agreed-upon' options, I should look into that, what are you paying roughly? I'm paying about $30/month for each of my vehicles.
I was told “stated value” was still up to the judgement of the adjuster. If he or she simply sees your vehicle as an “old Land Cruiser” you could get hosed.
FYI and for others reading this thread, Progressive only offers stated value in some states. In CT, they bump you over to Hagerty since they partner with Hagerty for this type of policy.
Bit more than real world sales. I provided the mobile appraiser with a stack of receipts then some comps from BAT. He took that and a list of upgrades plus the 1292 pictures he snapped. Came back with the appraisal. Sent info to both myself and the insurer. The 77 with a ton of mods was more complicated. The 73 with minimal upgrades was quick and easy.
We have my two 7x series plus the ol' ladies Volvo and home all on the same policy so not sure what each rig is at. Not much over $30 though.
This is what happens with my current insurance carrier that I use for my other vehicles. They partner with Hagerty for anything such as a 70 series.
1IfByLandcruiser
SILVER Star
Unfortunate update: Progressive underwriting cancelled my RV policy because they "don't insure RVs built on an SUV". I'm not sure why that would matter, so it sounds like pretext to me & more likely they just didn't like the risk. Back to square one.