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[VAL] Re: Vintage Trailer Insurance



A short time back there were numerous messages about finding a  
company that would insure a vintage trailer. After being transferred  
four times within Geico, my car/truck company, I finally was told  
they didn't write policies where customers propose the value. ("We  
take the original price paid and depreciate it." I estimated that my  
1966 Caravel would be worth about 27-cents using that formula...)  So  
I got on the Progressive Ins. website and was very pleasantly  
surprised. They have an "Agreed Value" policy whereby the owner  
states his estimated value ($12-15K in my case), substantiates it  
with photos and an appraisal. I called to determine from whom they  
would accept an "appraisal" and was told the rules are pretty loose  
-- e.g., any RV dealer, antique car appraiser, or other "qualified"  
appraiser -- "Just don't submit something done by your brother."  I  
asked if supplementing it with actual copies of similar vintage/size  
trailer advertisements would help and was told it would. I have five  
eBay, CraigsList and trailer site ads for early Bambi and Caravel  
models that show between $12-24K!  Sorry to ramble, but thought this  
might be an option for someone else. Cost? $147 a year. Check it out.  
(No I don't work for Progressive).

Tony in Sonora
'66 Caravel