insurance question
- Thread starter amaurer
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the problem is that they tell you they are going to give you this much and people accept it. put up a fight and you will get more they are not in the business to pay but they will. most people accept what they say. i also got a friend of mine 4200 for a chey that they said was worth 800 dollars all i had to do was show ads and pictures of it and stand up to them and they will give in. it might take awhile but what are you going to do they count on you giving in and when you stand up to them they get confused. also one guy said he insured it while he was restoring it how dumb homeowners will cover it why pay twice
If your not comp how would you end up with a salvaged title? THought you would just have a wreck, any other party paid by your cover but nothing for you.
If you've ever used Hagerty you'd understand why......I had it covered before it got home and while it was out for anything I couldnt do while it was being restored....Not to mention a 12k agreed value policy during resto was 140.00 for a year policy...
And they don't play around...If you have a policy with them its golden...I had to file a small claim with them before on another vehicle that was damaged by (get this>) an ice cream truck.....The way they handled everything made it a no brainer for me to insure any other collector/unique vehicles...
thats fine i just dont see the point of double insured. as you stated while it was out getting worked on it will be cover by there insurance beit homeowners or shop insurance. i was going to insure mine once it got on the road for value if hagerty is that good i will call them got number. p.s. thanks for emblem makes big differance.
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Liability is cheaper that full coverage....just cause you have full doesn't mean they aren't going to total your cruiser....the way cruiser companies are now making sheet metal for rigs now and how you can get parts rigs to repair dents and bends....to me I'd just pay out of pocket for the metal and either do it myself or have some one in the club help me with it....I wouldn't trust a normal shop any how to work on my cruiser and do it correctly....and even though it might cost you 1000 bucks the time you get in the accident to do the repairs yourself...you've saved yourself more over the years for only having liability. Just my .02 cents
I use Hagerty and just had mine appraised by a local guy here. You can do it all over the internet directly, don't even have to go through any agent anywhere. You'll have to send a few pictures, send your appraisal sheet and the policy is a lock. They say use it only for a show vehicle but nowhere on there does it make you put your yearly mileage, at least not yet for me. I pay like $240 for the year. So easy to deal with them and if you happen to upgrade your vehicle or do work that increases the value you just have to tell them what you did and up the value. As long as your original pictures you send aren't of some junker that is obviously a beater you'll have no problem. They won't hassle you at all.
Good luck whatever you decide to do
Good luck whatever you decide to do
hi there i just called hagerty and they were nice 30,000 cost 448 a year full coverage not bad i also told them they should advertise on this site. and they said they would cover if it happin while i was four wheelin as long as it was just trails
OK in Cal if you wreck a vehicle and the repair cost is 1/2 the value of said vehicles then it is totaled. You then have the option to buy the vehicle back with a Salvage title. If you plan on keeping the vehicle the salvage title has no meaning, people have an issue with salvage titles when you go to sell it. If you keep all your records for repairs and what was done it can be a minor factor. The way around it is to go to a Insurance approved body shop that does body work on older vehicles and they can be reasonable about your repairs quotes. But then again totasled is totaled.
I have my 72' 40 Insured with State farm for a value of 10k. It is the agreed upon amount. Of course if I wreck my 40 is the company going to try to pay me less than 10k..YES, but thats where you have to fight for what you want. If your Cruiser is a everyday driver it would be wise to peruse EBAY and others forums with prices for cruisers and print them out. That way you have documentation on what similar Cruisers sell for to back up your claim for price. I was told about the print out for prices from my agent, with those as justification as to prices it would be hard for the insurance company to justify paying less.
I have my 72' 40 Insured with State farm for a value of 10k. It is the agreed upon amount. Of course if I wreck my 40 is the company going to try to pay me less than 10k..YES, but thats where you have to fight for what you want. If your Cruiser is a everyday driver it would be wise to peruse EBAY and others forums with prices for cruisers and print them out. That way you have documentation on what similar Cruisers sell for to back up your claim for price. I was told about the print out for prices from my agent, with those as justification as to prices it would be hard for the insurance company to justify paying less.
Yeah thats total crap...
In British Columbia, we have a government regulate monopoly on insurance...
So basically just a masssssssssive vehicle tax, as they bring in 400 million dollars a year in profits.
I pay 1400 a year for insurance, bare minimum pretty much.
In British Columbia, we have a government regulate monopoly on insurance...
So basically just a masssssssssive vehicle tax, as they bring in 400 million dollars a year in profits.
I pay 1400 a year for insurance, bare minimum pretty much.
i called state farm and they said they dont have an agreed amount policy so when you insured for 20 thousand or 10 thousand good luck i would rather have a agreed policy so i know in writing what i am getting
Well I'm looking at my policy and it has the following endorsments:
0020A Description VEHICLE VALUE $15000.
6171BT Description ANTIQUE OR CLASSIC MOTOR VEHICLE
6938A Description AMENDATORY ENDORSEMENT
So I'm pretty sure I'm covered.
It does limit my driving to 7500 miles per year
Kevin
is that an agreed asmount policy or stated amount
I'm just now going through this process. Check NADA Classic Cars for a better idea of current book value
Toyota prices by year and values for Toyotas at NADAguides.com
I need to check out Grundy and others before I put the Mule back on the road.
Ken,
Did you get that in writing or just orally? If in writing, you should be golden.
Thanks.
Dan