Cars about done! Now an Insurance Question. |
|
Porsche, and the Porsche crest are registered trademarks of Dr. Ing. h.c. F. Porsche AG.
This site is not affiliated with Porsche in any way. Its only purpose is to provide an online forum for car enthusiasts. All other trademarks are property of their respective owners. |
|
Cars about done! Now an Insurance Question. |
TM_Corey |
Apr 19 2017, 09:59 AM
Post
#21
|
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!! |
mepstein |
Apr 19 2017, 07:09 PM
Post
#22
|
914-6 GT in waiting Group: Members Posts: 19,314 Joined: 19-September 09 From: Landenberg, PA/Wilmington, DE Member No.: 10,825 Region Association: MidAtlantic Region |
I have American Modern. 1/2 the price of Hagerty and full coverage. $135 year for my 1st 914 then added a second 914 for $65 year. you have to shop around and get quotes and see what the coverage is for each. Mine will let me drive to work and play. I just have to keep in a garage at my house and have a daily driver.
|
Type 47 |
Apr 19 2017, 08:35 PM
Post
#23
|
Senior Member Group: Members Posts: 783 Joined: 1-June 10 From: St. Louis, MO Member No.: 11,790 Region Association: None |
I have American Modern. 1/2 the price of Hagerty and full coverage. $135 year for my 1st 914 then added a second 914 for $65 year. you have to shop around and get quotes and see what the coverage is for each. Mine will let me drive to work and play. I just have to keep in a garage at my house and have a daily driver. is this an agreed value policy? Is there an annual mileage limit? I've got a agreed value of $14k for $97 with Haggerty. |
ljubodraz |
Apr 20 2017, 12:19 PM
Post
#24
|
Member Group: Members Posts: 64 Joined: 4-May 14 From: Chicagoland Member No.: 17,312 Region Association: Upper MidWest |
I have American Modern. 1/2 the price of Hagerty and full coverage. $135 year for my 1st 914 then added a second 914 for $65 year. you have to shop around and get quotes and see what the coverage is for each. Mine will let me drive to work and play. I just have to keep in a garage at my house and have a daily driver. is this an agreed value policy? Is there an annual mileage limit? I've got a agreed value of $14k for $97 with Haggerty. Hey Type 47, could you confirm that is how little you are paying Hagerty? I have to renew my policy soon. I'm paying $182/year with a guaranteed value of only $7k. I'll be calling to complain as I have garage and modern daily drivers in addition to the teener. I'm sure they'll chalk it up to location. (IMG:style_emoticons/default/confused24.gif) |
Lo-Fi Version | Time is now: 8th June 2024 - 07:16 PM |
All rights reserved 914World.com © since 2002 |
914World.com is the fastest growing online 914 community! We have it all, classifieds, events, forums, vendors, parts, autocross, racing, technical articles, events calendar, newsletter, restoration, gallery, archives, history and more for your Porsche 914 ... |