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!! |
saigon71 |
Apr 20 2017, 01:11 PM
Post
#22
|
Advanced Member Group: Members Posts: 2,000 Joined: 1-June 09 From: Dillsburg, PA Member No.: 10,428 Region Association: MidAtlantic Region |
I put a lot of miles on my 914 each year and didn't want any restrictions.
I contacted my regular insurance company - Erie. Full coverage with an agreed upon value of $14,500 for $266/year. Bonus - it lowered the insurance on my truck because of a multi-vehicle discount. I'm not opposed to Hagerty, but this seemed like a better fit for me. I think the choice is largely dependent on how you plan to use the car, but it may be worth a call to your current insurance company. |
Lo-Fi Version | Time is now: 1st June 2024 - 12:53 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 ... |