Reply to "Insurance Valuation"

panteradougMember

Hagerty just quoted me $1,675 a year. $50 collision deductable.

No limits other than it is not an everyday work car oh and no licensed drivers in the "household" under 30. That one sounds a little strange? It used to be 25-26 was the majic number?

$100,000 agreed value or in their terms "guaranteed value".

No questions asked. Just write the check.

You have to be careful not to set the value too low. The reason is because of the "totalled out" issue at over 40%.

It is EASY to spend $100,000 in the body shop to redo the front of the car. 40% would mean that you were totaled out at $40,000. Watch that number. It's critical. $75,000 because of that situation is under insured.

2/14/159:04 AM

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