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!! |
Amphicar770 |
Apr 25 2017, 09:15 PM
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#22
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Senior Member Group: Members Posts: 1,197 Joined: 20-April 10 From: PA, USA Member No.: 11,639 Region Association: MidAtlantic Region |
Some if these companies get weird about not only having a daily driver but also how old they are, how many kids you have with licences, etc. My 18 year old has his own vehicle but it is more than 10 years old which at least one classic car insurer treated as a disqualification even though he has never driven any if my classic cars.
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