 Stolen 914-6 GT insurance help |
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| Marv's3.6six |
 Sep 17 2022, 09:22 AM
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Actual member 7"  Group: Members Posts: 695 Joined: 22-November 04 From: Huntington Beach, Ca. Member No.: 3,165 Region Association: Southern California 
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Hey Teener community I need some help understanding how the insurance game works. I am hoping there are insurance professionals in this community that can chime in and help me understand the mechanics of insurance process in this situation.
As most of you know my GT car was stolen from a prominent Porsche shop in my area. It is starting to look like the car is gone and will be a “total loss.” My car is insured by Hagerty but the loss is the responsibility of the shops insurer EMCIns. As a point of reference James Patrick said a new top end 914-6 3.6 GT could be built for $225k, this would represent replacement value. Yesterdays sale on BaT for a 72 914-6 GT 3.6 of $171k would represent market value today. I have been informed by EMCIns. that they do not pay “replacement value” but they pay “actual value”. How does this work on our cars, how is “actual value” on a 50+ year old high end 914-6 GT determined? Thanks in advance guys. |
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| rick 918-S |
Sep 17 2022, 12:28 PM
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Hey nice rack! -Celette Group: Members Posts: 21,012 Joined: 30-December 02 From: Now in Superior WI Member No.: 43 Region Association: Northstar Region
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Ok, everyone post your comps here for Marty. Send them to the EMC appraiser. See if they bite. It is true hagerty only owes the value of the policy if it is agreed value. They will honor their contract. You people that are under insured and always trying to blame the big bad insurance company need to wise up.
Former body shop owner currently working in the insurance industry. We are not out to fuck you. |
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| windforfun |
Sep 17 2022, 03:32 PM
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Advanced Member Group: Members Posts: 2,057 Joined: 17-December 07 From: Blackhawk, CA Member No.: 8,476 Region Association: None
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QUOTE(rick 918-S @ Sep 17 2022, 11:28 AM)  Ok, everyone post your comps here for Marty. Send them to the EMC appraiser. See if they bite. It is true hagerty only owes the value of the policy if it is agreed value. They will honor their contract. You people that are under insured and always trying to blame the big bad insurance company need to wise up. Former body shop owner currently working in the insurance industry. We are not out to fuck you. (IMG:style_emoticons/default/agree.gif) (IMG:style_emoticons/default/agree.gif) (IMG:style_emoticons/default/agree.gif) |
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Posts in this topic
Marv's3.6six Stolen 914-6 GT insurance help Sep 17 2022, 09:22 AM
TheCabinetmaker Played that game in the late 80s. Guy rear-ended m... Sep 17 2022, 09:27 AM rick 918-S Settle with your carrier. They will pursue EMC for... Sep 17 2022, 10:30 AM
dakotaewing
Settle with your carrier. They will pursue EMC fo... Sep 17 2022, 11:48 AM bbrock
Settle with your carrier. They will pursue EMC fo... Sep 17 2022, 11:50 AM
dakotaewing
Settle with your carrier. They will pursue EMC f... Sep 17 2022, 12:07 PM Robarabian Claim through Hagerty. they pay replacement. They ... Sep 17 2022, 05:06 PM dakotaewing
Claim through Hagerty. they pay replacement. They... Sep 17 2022, 05:37 PM mepstein Value is determined by comps. What others have sol... Sep 17 2022, 11:36 AM Mikey914 Honestly,
You may not have enough insurance person... Sep 17 2022, 11:43 AM DaveB
Honestly,
You may not have enough insurance perso... Sep 17 2022, 06:14 PM Cairo94507 What is the stated insured value with Hagerty? I ... Sep 17 2022, 11:49 AM Beach914 A word of caution. I have all my collector cars in... Sep 17 2022, 05:34 PM Mikey914 What I was getting at in my initial post, is the l... Sep 17 2022, 09:27 PM Marv's3.6six Thanks for the response guys.
The question though... Sep 18 2022, 10:16 AM mepstein
Thanks for the response guys.
The question thoug... Sep 18 2022, 11:08 AM infraredcalvin
Thanks for the response guys.
The question thoug... Sep 18 2022, 03:39 PM PanelBilly I was on the phone last week with Hagerty trying t... Sep 18 2022, 10:31 AM Jett
I was on the phone last week with Hagerty trying ... Sep 18 2022, 10:41 AM rick 918-S If you are going to attempt to pursue this with th... Sep 18 2022, 12:24 PM r_towle
If you are going to attempt to pursue this with t... Sep 18 2022, 06:20 PM mepstein
If you are going to attempt to pursue this with ... Sep 18 2022, 07:16 PM MCShack Never had a claim on a GT, but have on a 914/4 man... Sep 18 2022, 03:20 PM windforfun
Never had a claim on a GT, but have on a 914/4 ma... Sep 18 2022, 03:22 PM eric9144
How is "actual value" determined by an ... Sep 18 2022, 09:35 PM |
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