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!! |
drem914 |
Apr 20 2017, 12:25 PM
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#22
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Senior Member Group: Members Posts: 1,033 Joined: 16-May 08 From: Trabuco Canyon, CA Member No.: 9,062 Region Association: Southern California |
Just did a quick quote on line for my '75 1.8 and Hagerty wants $350/year for stated valuation of $15K?? Is this another penalty for living in Southern California along with all the other "fees" we get his with?
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mepstein |
Apr 20 2017, 12:34 PM
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#23
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914-6 GT in waiting Group: Members Posts: 19,313 Joined: 19-September 09 From: Landenberg, PA/Wilmington, DE Member No.: 10,825 Region Association: MidAtlantic Region |
Just did a quick quote on line for my '75 1.8 and Hagerty wants $350/year for stated valuation of $15K?? Is this another penalty for living in Southern California along with all the other "fees" we get his with? That's why you have to shop around. Hagerty wanted 2X what I pay now for the same coverage. I'm not knocking them, you just want to know your options. It may be location but it may not. |
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