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Old 10-20-2019, 02:19 AM
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lockedlex lockedlex is offline
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lockedlex lockedlex is offline
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Join Date: Oct 2009
Posts: 248
lockedlex will become famous soon enough
Quote:
Originally Posted by APhelps View Post
He's not looking at resale value, he's looking at insurance value.
Exactly. I know that's why this thread is a bit confusing since I think most people don't consider "insurance value" just what "it's worth."

Basically, I'm asking for what it would cost to replace my truck with the exact same specs and modifications, "today."

Spartacus gave me some good pointers, to look at used pricing in different areas and then that gave me the idea to figure out what a "base" truck would cost in my area plus then add the mods for it. So I'd have to buy a similar truck (which in LA is about 9.5-11), then add to it the cost to install my mods.

The idea is that I want to insure it so that if it gets stolen, I get a check to replace it, not only the basic truck but as optioned/modified. So in that sense, Brillo is right, "Well the insurance value should be close to what it cost to replace the ride right?"

That's what they called "Declared Value," but note that most insurance companies don't do declared value premiums, they only insure for what it sells for at the moment and they don't factor any mods. I don't want to fall into that trap.

I submitted it this afternoon for $16.5k. Only increased my rates $8/mo, LOL.

PS: If anyone can find THIS kind of truck on the market for 10k, rust free, all these mods, showroom condition, etc. PLEASE let me know! I'll buy it tomorrow, lol.
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2000 Limited V6 4WD | Factory Locker | 2nd Gen SC | NGK Spark Plug Wires | AEM Boost/AFM Gauges | Scangauge II | Sonoran Steel 1.2 Lift/Washer Reservoir | AirLift Rear Airbags/Wireless Compressor | 4XInnovations Front/Rear Bumpers | Schrockworks Skid Plates/Sliders | Warn 12k LBS Winch-Synline | LED Halo Driving Lights | LED "Satoshi Cover" Lightbar | Thermal IR Cam | BFG All-Terrain KO2 | Kenwood with Sirius/Garmin Nav and Surround-View Cam | Heated Seats | Lumbar Support | Blacked out Emblems TRD Badge | Rear Diff Breather Extension | LED Taillights | LED 6k Headlights | 120V Power Socket | Flipped Hood and Fuel Release | Rear Window Switch in Cargo Area | Custom FlipBlade Key | Warm White LEDs

Last edited by lockedlex; 10-20-2019 at 02:23 AM.
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