Valuations for Hagerty renewal |
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Valuations for Hagerty renewal |
bandjoey |
Aug 9 2018, 01:54 PM
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#1
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bandjoey Group: Members Posts: 4,926 Joined: 26-September 07 From: Bedford Tx Member No.: 8,156 Region Association: Southwest Region |
Renewing my Hagerty for another year and with $12000 value.
73, 2.0 4cyl. Rust repaired and average interior and paint. Runs and shifts great. Driver category. Pedrini wheels new Continental tires. Dell 36 carbs. They show $11k fair and $17 good. By their definitions it’s a fair and half and not quite a good. What do you think on valuation? Not enough? I still see average cars advertised in the $9-$10 range. |
Tom_T |
Aug 9 2018, 03:36 PM
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#2
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TMI.... Group: Members Posts: 8,318 Joined: 19-March 09 From: Orange, CA Member No.: 10,181 Region Association: Southern California |
Renewing my Hagerty for another year and with $12000 value. 73, 2.0 4cyl. Rust repaired and average interior and paint. Runs and shifts great. Driver category. Pedrini wheels new Continental tires. Dell 36 carbs. They show $11k fair and $17 good. By their definitions it’s a fair and half and not quite a good. What do you think on valuation? Not enough? I still see average cars advertised in the $9-$10 range. Bill, It's always a good idea to over-insure a bit for cars which are appreciating when on the stated or agreed value policy - because that caps your recovery, which may not be enough after 6-12 months of price/value increases. So you might want to go for the Good value & clean it up a bit, fix a few items to make it Fair.75 - Good condition, then take a bunch of pix (repeat & adjust values every year). You might also want to price Grundy, Leland & the other classic car insurers who advertise in Panorama, Excellence, Hemmings, etc., & some of the majors do it too (AAA, State Farm, etc.). PS - I agree & lean toward a $20-25K agreed value for a 73-74 2L, as others have said above. You may pay a few dollars more for insurance, but you'll have a better cushion on coverage for either repairs or finding a decent replacement. Good Luck! (IMG:style_emoticons/default/beerchug.gif) Tom /////// |
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