Since my 914 is back on the road and I need to register it soon, I need to get car insurance on it.
I called the company who insures my truck and they will insure it, but they do not do "classic" car insurance. I asked how they evaluate the price of the car if it is totaled and they said they go by ads/dealer prices to determine the going rate, they do not do agreed value.
My car does not have extreme money into it, but I would be concerned that since these cars seem to have selling prices all over the place, how would they determine how much mine is worth??
If they go by sale prices, I would think it would come out about right... is there anything I'm missing?
Brett,
I have all of mine insured through American Classic (I think) Not real sure of the name since I have never had a claim. Stated Value is different than Agreed Value. In the later you and the company agree the car is worth X. That is what you would get paid in a loss. Look into Hagerty or search American Classic. I got hooked into American Classic through USAA as they also do not do classic or stated or agreed value insurance.
I had Hagarty for the last year, but something about their driving policy has me concerned. They do not allow you to drive to work, or even to run errands in the car, its only for "Pleasure" drive. I even called to ask what that means and the guy tells me, get this, "a pleasure drive is one without a destination" which doesn't make a whole lot of sense, but I get what they are trying to say.
I'm just nervous that if I do drive it to work, or around town for the day and wreck it, they won't allow the claim.
Powered by Invision Power Board (http://www.invisionboard.com)
© Invision Power Services (http://www.invisionpower.com)