I've read through the posts of people trying to get their ROW trucks insured for a stated value and am now faced with a similar dilemma. I need to get my D90 with a salvage title (it was in a flood) insured. The good news is that I've been with AAA for years and adding my truck to my policy with full coverage ended up costing me $289 per year.
The bad news is that they stated that because it is a salvage truck that they would only pay out $.08 on the dollar of what it is worth. The worst part of it is that they would not tell me what they think it is worth and they wouldn't accept an appraisal either.
I ended up putting a lot more $ into this project than I probably should have but in the end I got an awesome truck with just about every vital part replaced. It's important to note that most of the stuff that needed replacing was due to normal wear and tear, ie clutch, plugs, brakes, radiator, etc. I can't think of anything that needed replacing due to it being in water.
When I bought the truck I figure these rigs wade through rivers and that a salvage title from water damage is an oxymoron. And for the most part I was right. You would be hard pressed to find a difference between my D90 and another '95 ST with similar mileage without a salvaged title.
In any case, I'm at a point where I need to find an insurance agency that will insure it for something more than $4500. I hate to let a piece of paper dictate my trucks "worth" but it is what it is I guess. I need to get it appraised I suppose.
Anyone else have any suggestions on what my next step should be? Some of the threads regarding insurance agencies are few years old and somewhat inconclusive to boot.
What would you do if you were in my shoes?
Which insurance companies have you worked with that let you drive your truck the way it was intended to be used (camping, fishing, boating, etc) and allow you to come to an agreed upon stated value?
What do you think a fair price value be for a 95 D90 with a salvage title?
Thanks again to everyone on the forum for your help over the past five months. I literally could not have gotten to this point without your help!