I am not Monday morning quarterbacking in any way whatsoever, but we just in the last couple years changed our insurance to agreed value coverage for all of our vehicles. It didn't change the premium drastically, but does insure that if we total an engine or anything else we will get enough money to buy one in today's dollars. We look at these amounts annually to make sure we don't need to adjust them. I'm constantly astounded by the fact that our 2006 engine was barely over $300,000 when purchased and would be at least $400,000 now.
I strongly encourage you to ask about this if you're able, if you're on a department.
I strongly encourage you to ask about this if you're able, if you're on a department.