Reply to "Insurance Valuation"

I'm with Hagerty and just increased my coverage from $50K to $75K, and they had no problem or question with the value. As a matter of fact, they said it's right in line with what they think the value is. And FWIW, a fellow PCNC member upped his coverage several years ago from $50K to $100K after an accident that came in with a $50K repair estimate. Hagerty wanted to total the car, but the owner realized that his car properly fixed for $50K would be a much better car than he could buy for $50K to replace it. So they went ahead and paid for the repairs and he subsequently increased his coverage to make sure there was sufficient coverage available to properly fix any future incident or replace it with a comparable car if it had to be totaled. And, Hagerty had no problem with that valuation either.