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!! |
90quattrocoupe |
Apr 24 2017, 12:57 PM
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#22
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Member Group: Members Posts: 208 Joined: 4-November 16 From: Long Beach, CA. Member No.: 20,561 Region Association: Southern California |
I have had Hagerty on my 73 914 for years. Car is being restored by PMB, ATM. and when done the Agreed to Value will be going up. I also have my 1990 Audi Quattro Coupe insured with them, and with all the mods I have done to it, have no problem with the agreed to value.
I have a 1990 VW Fox Wagon, it is non-operable at the moment. For me to insure it with my daily insurance company, they said all the insurance values had to be the same as my daily, and would not insure it without PLPD. Why would I want to pay for insurance I will not use. Gave Hagerty a call, and now have them to cover my Fox. The Coupe is registered in another state, than my own, and Hagerty had no problems with that. Greg W. |
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