I also have a 53 GMC and my regular carrier, State Farm, would not insure it, had no formula to determine the value,said that if it was in an accident they would consider it's age and there would basically be no value. They recommended Allstate. I went to Allstate, where I have my house insurance, and they required me to get a written appraisal from a certified classic vehicle appraiser. They have insured it now for over 3 years, and at no time was it mentioned that it had to be kept indoors. Joe