Insuring your Bronco and Other Classics Video

Izzy · Nov 15, 2015

Hey Guys,

There is often questions on insuring your Broncos on here so I decided to put together a video explaining classic car insurance to help address some of the questions that come up from time to time.

And being an avid Bronco fan and owner that I am, I insisted on having the Bronco in the video

Take a look and let me know what you think. Also, if there is anything in particular you have a question about, let me know and I'll make sure to cover it in my next video.

Thank you guys.

David

http://lifelonginsuranceagency.com/classic-car-insurance/

bteutsch · Nov 15, 2015

These questions come up constantly on here. I personally still don't really know what would happen if my Bronco was damaged. I have a policy from State Farm. It's not their classic car insurance. The classic policy was very restrictive, or that's the way my agent explained it. Could only trailer or drive the vehicle to parades type of restrictive. So I have a standard policy, the agent took pictures. But I have a lot of questions still about what it would pay if something happens. Would it be worth the regular blue book value? The classic NADA value? What confuses me even more is my friend has a Bronco. His is lifted and fairly custom. His State Farm Agent Sold him on the Classic Car Policy. He even says they have an agreed value. But that's in direct conflict to what I was told by my agent. Since there was doubt I took my chances on the standard policy. I would not want to find out I'm not covered at all after I need the insurance because of a policy restriction.
Mine

His

Izzy · Nov 16, 2015

Hey Bteutsch, If you have a standard policy, then you will only get blue book value for your truck in the event of a total loss. You do have some options though as there are some carriers that are less restrictive yet still provide the agreed value policy. I would suggest looking at American Mod or Safeco.

Message me your contact info and I can provide more detail and recommendations over the phone.

David

half cab · Nov 16, 2015

Beautiful rigs up there in that second post!

sprdv1 · Nov 17, 2015

Izzy said:
Hey Bteutsch, If you have a standard policy, then you will only get blue book value for your truck in the event of a total loss. You do have some options though as there are some carriers that are less restrictive yet still provide the agreed value policy. I would suggest looking at American Mod or Safeco.

Message me your contact info and I can provide more detail and recommendations over the phone.

David

that's what I would do as well. Do your diligence in your search.

coachbarnes · Nov 18, 2015

Izzy said:
Hey Bteutsch, If you have a standard policy, then you will only get blue book value for your truck in the event of a total loss. You do have some options though as there are some carriers that are less restrictive yet still provide the agreed value policy. I would suggest looking at American Mod or Safeco.

Message me your contact info and I can provide more detail and recommendations over the phone.

David

Look at you being the Ins guy! ;D

JefeAZ · Nov 18, 2015

Izzy, your thoughts on buying 2 policies for those of us who want offroad liability and stated value theft/collision coverage?

Sign up for a stated/agreed value policy with a mileage limit you can abide by and then also sign up for a liability only policy through your regular auto insurance company. Most regular insurance policies dont restrict offroad use so you will have liability and property damage for anything you cause to others on the trail and UnInsured/UnderInsured if you are injured by another vehicle.

Depending on the type of claim, you call one or the other company.

Izzy · Nov 19, 2015

JefeAZ,

There are a couple of things to address in you question. The first is the stated/agreed value note. These are not the same so want to warn against lumping those together. Here is a quick article I wrote on the differences for your reading pleasure. http://lifelonginsuranceagency.com/classic-car-insurance-policies-and-the-differences/

As for having insurance while offroading, no carrier I have found yet will explicitly cover your vehicle while offroad. The comment about most insurance policies restricting off road access is not true. The absolutely can and will deny payment of a claim if the damage occurred while using the vehicle off road. Some policy specifically state "no off road use" others do not; however, the ones that do not have out clauses. For example, some policies state that they will not cover damage intentionally caused. They also will not cover vehicles design specifically for off-road use. These two clauses provide a carrier the ability to deny a claim if the damage is made off road.

I would be happy to review your current policy to point out if any of these clauses exist in yours as well.

With all that said, it is difficult to find a policy to cover your off road usage and majority of the Agreed value policy will not cover a vehicle that is designed or built with off road use as an option. There is one that comes close though which I will PM you some info on.

Disclaimer: I am only licensed in Texas so I am not trying to get your business, I am merely trying to help educate so you know what you are buying and what you are covered for.

JefeAZ · Nov 20, 2015

Ya I had a buddy with Farmers here in AZ and he took his Expedition on a dirt road out here about about 3 miles from the pavement. Same road that leads to offroad trails and climbing areas. He wound up sliding off the side of the road and jumped out before it dropped and rolled 6 times down a 50 foot cliff. Farmers totaled and gave him a great offer

redwards69 · Nov 20, 2015

Good stuff Izzy!

ksbronco75 · Nov 21, 2015

i am insured through progressive. Their classic car restrictions were 2,500 miles a year. ill do more than that so i took out a 25,000 claim. I pay $160 a month for full coverage on that baby. wouldnt have it any other way. they had all types of claims on the classic car one too. has to be housed every night, low mileage, pictures every so often. im perfectly fine with the 160$ in order to protect my girl

Izzy · Nov 22, 2015

ksbronco75,

Progressive is partnered with Hagarty in order to offer a true Agreed Value policy. You won't go wrong with Hagarty.

BigToe · Nov 22, 2015

Great info Izzy, I would also be interested in the policy you had mentioned to JefeAZ, I've been hoping to find some form of classic insurance without the limitations Hagerty has in place.

Izzy · Mar 28, 2019

Refreshing this post to hopefully help answer some questions about insurance for our beloved broncos.

gnpenning · Mar 28, 2019

Thanks for bumping this back up.

Insuring your Bronco and Other Classics Video

Izzy

Bronco Guru

bteutsch

Sr. Member

Izzy

Bronco Guru

half cab

Guru Bronco

sprdv1

REBEL

coachbarnes

Bronco Guru

JefeAZ

Bronco Guru

Izzy

Bronco Guru

JefeAZ

Bronco Guru

redwards69

Sr. Member

ksbronco75

Full Member

Izzy

Bronco Guru

BigToe

Sr. Member

Izzy

Bronco Guru

gnpenning

Bronco Slave

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