Cars about done! Now an Insurance Question. |
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Cars about done! Now an Insurance Question. |
TM_Corey |
Apr 19 2017, 09:59 AM
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#21
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Member Group: Members Posts: 231 Joined: 28-March 16 From: Indianapolis Member No.: 19,809 Region Association: Upper MidWest |
I can't believe I am just now thinking about this after 14 months of bring my car back from the dead. I have had my car on my "normal" insurance plan since the day I bought it, even though its value has changed dramatically since then.
So from what I understand it is a pretty normal that most of our cars that have had extensive work on them either by the owner, or by a shop, are worth less then we have in them. (except the 6's I would assume) How does that work for insurance? Am I just out the "gap" of what the books say it should be worth and what I actually have in it if it were stolen or totaled? Will a normal insurance agency do a "agreed upon value", or will places like Hagerty's? I have about a week to figure it out!! |
john77 |
Apr 20 2017, 12:08 PM
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#22
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Senior Member Group: Members Posts: 621 Joined: 21-February 14 From: Los Angeles Member No.: 17,027 Region Association: Southern California |
I have my 914 and my BMW 2002 insured through ANPAC. Like Hagerty, and I think most classic policies, they'll only insure you if you have another car as a daily driver BUT I can drive the 914 and 2002 anytime, anywhere, for any reason I like.
That said, in defense of Hagerty, I did have another BMW 2002 insured through them that some dipshit decided to reverse out of parking garage entrance into the front of (Dipshit may seem harsh, but he actually got out of his car and said 'It wasn't my fault, I just didn't see you behind me'...) Hagerty were nothing but helpful, paid out $17K for repairs within a week of the accident without blinking and never once asked me why I was driving the car that day, whether I was going to a show, etc etc... |
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