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> insurance question?, what kind of coverage do you guys have?
frankieshooz
post Aug 30 2019, 08:36 AM
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I'm sorry if this may have been addressed before but cant find any info so I thought I would poll you guys out there..
I'm frustrated that I can't seem to find any company, save one (SafeCO, who have a terrible rating BTW) to insure our older 914 at an agreed upon value for cars that are DRIVEN on a regular basis. This means covering our cars with regular insurance at insurance market value (basically worth nothing).
So with all you guys out there with highly modded cars , high end restorations, and just love for our cars what do you do?
I tried a bunch but they all said all I could do was trailer the car to shows. They wouldn't cover any situation that meant driving???WTF??? what's the point of having a car you can't drive...
I feel, as Im sure many of you do that our cars are worth much more than what the insurance companies assess value at...
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BPic
post Aug 30 2019, 08:47 AM
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I use https://www.hagerty.com/

Pretty inexpensive and they work with you on value.
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Dion
post Aug 30 2019, 08:51 AM
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I had Hagerty on my ‘92 GTi before I sold er. I had an agreed value on it as well. (IMG:style_emoticons/default/agree.gif)
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jdamiano
post Aug 30 2019, 08:54 AM
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Hagerty and I just went with the max they would do on my car. 45k for just under 500 a year. Wasn’t much more than adding it to my Gieco policy and no telling what they would give me if some texting teen smashed into me.
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mepstein
post Aug 30 2019, 09:04 AM
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American Modern. Classic car insurance for occasional use, even to work but I must have a daily driver and keep it in a garage at my house. I have two 914's and two motorcycles under this policy. They are all registered as antiques.
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SteveL
post Aug 30 2019, 09:13 AM
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Switched to Hagerty this year. Less expensive than Liberty Mutual or Progressive, with much better coverage. Very happy so far.
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Dredwin
post Aug 30 2019, 09:46 AM
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I also switched from American Collector (who works with USAA) but they were more expensive than Hagerty so I switched. I have 2 914's insured for around $600 and American Classic was in the $800 range.
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mmichalik
post Aug 30 2019, 10:28 AM
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I have both of our 914s insured through StateFarm with an agreed value of 12k each right now.
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Coondog
post Aug 30 2019, 10:40 AM
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American collectors insurance 100K policy 562.00 per year.
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burton73
post Aug 30 2019, 11:08 AM
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QUOTE(Coondog @ Aug 30 2019, 09:40 AM) *

American collectors insurance 100K policy 562.00 per year.



I had American Collectors for years but they would not increase my insurance above $50,000 to agreed value till it was back in Los Angeles in my garage. Hargerty was fine with the car at PMB and kept increasing it as much as I wanted as it is getting finished. We are at $125,000 right now. They look at my build blog to make sure I am not fibbing.

The one problem with some people and cars they said it has to be garaged. When I wanted to insure the 1970 4 that I bought they said no even as it was in a locked gated parking area.

My 74 V8 car is also insured with Hargerty.

All in all, I am very happy with them.


Bob B
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mepstein
post Aug 30 2019, 11:26 AM
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The garage thing isn’t as big a deal with us east coasters since leaving it out will damage it faster than a teenage boy in his dad’s corvette, sexting his girlfriend
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jmitro
post Aug 30 2019, 11:55 AM
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Hagerty insurance, $470 for a year with $35K agreed on coverage
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jim_hoyland
post Aug 30 2019, 06:51 PM
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Get that VIN ?
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I use Hagarty too; two csvaets though.
1. The medical coverage may not be the same as your other car policies. I called them to find out more. They said state regulations put a limit on the medicalCal coverage they can allow
2. If you carry an Umbrella policy with the company that covers your home, cars, etc; the umbrella policy may not extend to incidents involving the 914. Your agent can tell you whether it's in or out.
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pvollma
post Aug 30 2019, 07:03 PM
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QUOTE(jim_hoyland @ Aug 30 2019, 08:51 PM) *

2. If carry an Umbrella policy with the company that covers your home, cars, etc; the umbrella policy may not extend to incidents involving the 914. Your agent can tell you whether it's in or out.

My umbrella policy is with USAA, with $300K limit required on car insurance. Hagerty offers $250K or $500K. In order to include the 76 914 and 03 Lincoln Town Car on the umbrella policy, I had to get the $500k limit on my Hagerty policies.
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jim_hoyland
post Aug 30 2019, 08:40 PM
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Get that VIN ?
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Since insurance is governed by Each state; I suspect the coverage could very.
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jim_hoyland
post Aug 30 2019, 08:41 PM
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Get that VIN ?
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QUOTE(jim_hoyland @ Aug 30 2019, 07:40 PM) *

Since insurance is governed by Each state; I suspect the coverage could very.
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thelogo
post Aug 30 2019, 09:26 PM
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You know what capitalism is (insurance)
Getting f#cked (IMG:style_emoticons/default/piratenanner.gif) " tony montana

Grundy has always served me well





///\\\\\
100k 914 ? Ok but

How do you get the keys out when your wearing a straight jacket ....screwy


Or how do you work the pedals when your wife has your balls in a vice ?
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rjames
post Aug 30 2019, 09:28 PM
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I also have American Modern Classic car insurance for occasional use. Agreed upon value- $14k I think, but I need to verify that. Annual cost is $225.
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infraredcalvin
post Aug 30 2019, 10:08 PM
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Another fan for American Modern, switched from hagerty, after 2 years rates kept going up for no additional coverage, Leland West is recommended with PCA, they’re a broker, set me up with American Modern.

Finishing up a claim now after getting rear ended in my new to me 914. So far they’ve been very easy to work with.
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mepstein
post Aug 31 2019, 05:18 AM
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My annual bill for American Modern is $212 for both my 914’s. I just put two motorcycle on the policy for $130/yr.
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