Are you Under-insured?, raised my limits yesterday |
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Are you Under-insured?, raised my limits yesterday |
76-914 |
Nov 17 2015, 08:20 AM
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#1
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Repeat Offender & Resident Subaru Antagonist Group: Members Posts: 13,509 Joined: 23-January 09 From: Temecula, CA Member No.: 9,964 Region Association: Southern California |
I received my renewal notice from Hagerty yesterday and promptly called to renew (I don't want to be on an episode of Judge Judy (IMG:style_emoticons/default/biggrin.gif) ). As I was speaking with their rep it came to my attention that I had never increased my insured value since owning it. I've had the car for 4 years now and it was still insured for $6K. When I bought it is wasn't running and I thought $6K was a stretch then. Fast forward to today and I realized that with the increased interest in 914's plus my own mods & improvements I was under-insured. (IMG:style_emoticons/default/sad.gif) Don't know why this escaped me but it had. Feel a little better this AM since my limits were raised to $22K and only costs me another $90 per year.
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JRust |
Nov 17 2015, 06:33 PM
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#2
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914 Guru Group: Members Posts: 6,307 Joined: 10-January 03 From: Corvallis Oregon Member No.: 129 Region Association: Pacific Northwest |
I'm with Hagerty & highly recommend them. They took good care of me when I had my fire.
I also am upping my limit to 50k instead of the 20k I was at. Got my car appraised & While I'd have no chance of selling for my appraisal. I also couldn't replace my car for much less. When you figure paying a shop to replicate my car. It wouldn't happen for less than 50k. Hard to look at it in those terms. Could I build it for less? Hell yes but when you don't take your time into account. Nor the fact that you scrounge for deals for all your parts. It adds up pretty quickly. So replacement value is a good 40% higher than sale value most likely would be |
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