[VAL] Insurance

[JAuman2346@xxxxxxx]

You should have no problem insuring your vintage trailers for collision and 
comprehensive insurance. The coverage on an ordinary policy would be ACV. 
Actual cash value. The insurance company probably uses some type of value book or 
appraiser. Most insurance companies would be willing to consider your receipts 
and repairs to your trailers. You probably cannot sue your own insurance 
company. There is probably an arbitration clause in your policy. That would mean 
you have your trailer appraised, the insurance company does that same thing and 
then there is a third appraiser that considers both appraisals and puts a 
value on the trailer. Both would be bound by that decision. You can sue a 
wrongdoer for damages, but not his/her insurance company. I spent 37 years working for 
an insurance company in the claim department. We never wanted to pay the 
least possible amount on the claims. All we wanted to do is pay a fair amount and 
get the claims settled as quickly as possible. We got very few lawsuits and 
the ones we did was because of a question of liability or a question of 
coverage. I feel TV is giving auto liability insurance company a bad image. Most want 
to pay the claims and get them settled fairly. Your homeowners insurance 
probably will not pay for your trailers. Most policies exclude items licensed for 
road use. Just some information from my experience in the business.