Insuring reno'd '71 Airstream in locked garage $565/yr. High?
Hey guys-- Just purchased a renovated '71 AS Trade Wind for $16k. I was referred to FCIS who writes Progressive. They said they would write the policy for $16k, but I would ultimately be at the mercy of the adjustor in the event of a loss. Even with a $1k deducible, it was at $482 per year. That sounds high in comparison to what I've been hearing. And, ultimately, I would be concerned that they could say my value was at, say, $4,500 in the event of a loss and I'm just out.
In addition, this is being kept in a locked warehouse which also has a locked perimeter fence. Does this sound about right or high?
Waiting on a second quote from Allied.
Side note- great driving record, no tickets, etc.