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Insurance A Problem???
OK so after all of the problems listed above the last thing I had to overcome was insurance. My insurance broker tried for 4 months to come up with an agreed value policy. The truck appraisal came in at $185,000.00 So you would think that some insurance company would look at it and say OK this guy is not going to destroy all the hard work he put into it. Well it turned out that the insurance was nearly the alkalies heal of the hole build. Every company and I mean every insurance company turned me down for every reason they could come up with. Some dud not even give a reason just a flat NO is all they said. Hagerty and other collector car insurance companies would not touch it with a 10 foot pole. The excuses ranged from It's for off road, It's modified. It's a mini truck. What does that mean?? Even the companies that would insure the Bugatti Veyron said no. So I finally found contacted Local Motors. The builders of the Rally Fighter. I contacted the agent they use. It took there agent 2 years and going all the way up to the VP of Progressive to convince them to build a policy just for the cars they build. Even my agent tried Progressive and they said no. But it seems there agent was able to pull the strings to get there cars insured, so I figured I would give him a try. Well after talking with him for nearly an hour I was able to convince him to try and get me insurance. So two days later he calls back with some good news and bad news. The good news is he was able to get Progressive to cover me, but the bad news was it would only be up to and agreed value of $150,000.00 That leaves me $35,000.00 short. But thats better then not being able to drive it at all. So I must thank the Premier Southwest Insurance Group for helping me out and getting me on the road.
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