KBB on that truck (gasser) is probably $700, so if someone dings your fender with their door in a parking lot, the insurance companies and f***ing DMV would consider it "totalled." The valuation system in the U.S. for older automobiles is total sh**.
If an airbag explodes in a car nowadays, it's considered "totalled" because it costs as much as $2k to replace. I had a car get totalled because of some slight bumper damage and an airbag went off. I argued that I could easily pick up a new steering column from the LQK Pick-u-part and replace the bumper, bumper cover, and steering column for less than $300 (excluding paint), but the agent didn't give a sh**. They gave me a low-ball check and the DMV forced me to take the salvage title, making it uninsurable.