C Martin Posted March 26, 2021 Share Posted March 26, 2021 (edited) Hi all, new here. I just landed a 92 Toyota Hilux Galaxy. Currently running into troubles securing insurance for it. We purchased the vehicle for far above book value as that's simply the going rate for these. But, my insurance company is telling me that they can't cover above book value and no one will cover “stated coverage” for motor homes. Has anyone run into this problem or know of a solution? Or recommend any specific insurance companies I should talk to? Edited March 26, 2021 by C Martin adjusted image size Quote Link to comment Share on other sites More sharing options...
linda s Posted March 26, 2021 Share Posted March 26, 2021 Get it appraised. You can even ask your insurance company to recommend one . To lower the value below what you paid they have to have a proof of sale of one or more far cheaper. You must insist they use only US sales. Cost of importing was part of the value and it was substantial. You can also search to find past sales. To show them. There are several importers on the west coast who are bringing these into the country. Maybe they would be willing to help. Google motorhome importers to find. You can also search for appraisers near you with Google Linda S This motorhome isn't in any American blue book. Ask them where they found this mysterious book value Quote Link to comment Share on other sites More sharing options...
C Martin Posted March 26, 2021 Author Share Posted March 26, 2021 Thanks Linda, good point I have no clue where they got it from. I think our local insurance companies just haven't dealt with this before.. I'll reach out to some of the importers I follow on the west coast to see which insurance companies they use and will insist on the US appraisal. Thanks! Quote Link to comment Share on other sites More sharing options...
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