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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jimkelly |
Nov 17 2015, 05:02 PM
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#2
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Delaware USA Group: Members Posts: 4,969 Joined: 5-August 04 From: Delaware, USA Member No.: 2,460 Region Association: MidAtlantic Region |
hagerty is for original classics, correct? they don;t insure hiot rodded 914's, correct? they also don't want you to be using your car as a daily driver, correct? or am i all wrong? thanks.
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Racer |
Nov 17 2015, 05:25 PM
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#3
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Senior Member Group: Members Posts: 787 Joined: 25-August 03 From: Northern Virginia Member No.: 1,073 Region Association: MidAtlantic Region |
hagerty is for original classics, correct? they don;t insure hiot rodded 914's, correct? they also don't want you to be using your car as a daily driver, correct? or am i all wrong? thanks. yes and no. I had a "modded" 914 that they would insure. Their concerns were 1) not a primary car (needed a daily driver) 2) garaged 3) No competitions (ie, DE, AX etc) The reason the insurance is less is based on the assumption that your risk is lower (because your use is somewhat limited). |
jimkelly |
Nov 17 2015, 06:41 PM
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#4
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Delaware USA Group: Members Posts: 4,969 Joined: 5-August 04 From: Delaware, USA Member No.: 2,460 Region Association: MidAtlantic Region |
thanks
confirms what i thought jim -- hagerty is for original classics, correct? they don;t insure hiot rodded 914's, correct? they also don't want you to be using your car as a daily driver, correct? or am i all wrong? thanks. yes and no. I had a "modded" 914 that they would insure. Their concerns were 1) not a primary car (needed a daily driver) 2) garaged 3) No competitions (ie, DE, AX etc) The reason the insurance is less is based on the assumption that your risk is lower (because your use is somewhat limited). |
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