Originally Posted by zobe
I have just purchased a '77 Argosy and would like to insure it against theft. I contacted my insurance company ( State Farm ) and they wanted to know what the trailer would have sold for in 1977. I'm not really sure what bearing that information would have on the trailer right now but that is what they want. Any ideas?
Make sure the policy is written for replacement value, not actual cash value, or you may have a nasty suprise if you have a claim.
Our policy as written was for replacement value, when it was renewed it was for cash value, that is, depreciated sale price, not what you could buy a replacement for. We are looking for another insurance carrier at this time.