Pelican Parts
Parts Catalog Accessories Catalog How To Articles Tech Forums
Call Pelican Parts at 888-280-7799
Shopping Cart Cart | Project List | Order Status | Help



Go Back   Pelican Parts Forums > Porsche Forums > 911 / 930 Turbo & Super Charging Forum


Reply
 
LinkBack Thread Tools Rate Thread
Author
Thread Post New Thread    Reply
Registered User
 
Join Date: May 2013
Posts: 68
Who insures your modified 930?

Hi all,

I received an odd email from GEICO who I have used for many years, and currently cover 4 cars with, that they will be canceling my 930 policy because the car is modified. They asked when I initially insured the car if it was modified which I disclosed, but 3 months later, now they want to cancel. Has anyone else experienced this? Also, any recommendations for companies that will ensure a modified 930 would be greatly appreciated.

Thanks,

Dan
__________________
1988 911 Turbo
2019 BMW M5
2017 Lexus LX 570
2017 Ford F150 Raptor
Old 09-01-2018, 12:29 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #1 (permalink)
Registered User
 
plexiform's Avatar
Hagerty for all my Porsche needs. They will insure it for a guaranteed value.
__________________
2003 996turbo, 1975 911s, 2003 R1100s BCR, 2005 MV Agusta F4 AGO, 2002 Moto Guzzi V11 Scura, 2016 Norton 961
Gone but not forgotten: 77 R100s, 09 S63 AMG, 74 911, 88 R100RS, 78 930, 01 996 C4, 05 Cayenne, 09 Audi TT, 03 Moto Guzzi V11 LeMans, 07 WRX STI, 03 R1150GSA, 78 R100/7, 01 Audi S4, 98 Audi A4, 98 R1200c, 78 GL1000, 92 Accord coupe, 89 KE100
Old 09-01-2018, 01:09 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #2 (permalink)
Registered User
 
gumba's Avatar
 
Join Date: Dec 2001
Posts: 3,742
Hagerty carries our modified 930, heavily modified '68 crewcab, and our stock '86 doka. All at agreed value.
__________________
Harold
'79 930/DP935
'68 VW Turbo Crewcab
Old 09-01-2018, 01:45 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #3 (permalink)
Registered User
 
Join Date: Dec 2005
Posts: 684
Hagerty as well. I can PM you my insurance agent’s info if you’d like. He’s a great guy to have on your side when and if a claim is needed. I just referred him to another forum member, and they recently moved their entire collection over to him.
Old 09-01-2018, 03:00 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #4 (permalink)
Mighty Meatlocker Turbo
 
Rawknees'Turbo's Avatar
 
Join Date: Apr 2016
Location: North TexASS
Posts: 10,290
I use American Collectors - declared modified and no problems with that.
Old 09-01-2018, 04:12 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #5 (permalink)
Registered User
 
Join Date: Sep 2016
Location: Asheville, NC
Posts: 28
Hagerty has my highly modified 930. Not the cheapest but is the best.
__________________
1986 Ruf 930
2015 991 GTS-MT
2006 993 S-MT (Gone)
1969 911 T (Gone)
Old 09-01-2018, 05:46 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #6 (permalink)
Registered User
 
full quack's Avatar
 
Join Date: Apr 2007
Location: Seattle-ish
Posts: 1,160
Send a message via Yahoo to full quack
Hagerty for both my 930 and the 951, both declared value, never an issue.

Mark
Old 09-01-2018, 07:04 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #7 (permalink)
Uncertifiable!!!
 
Uwon's Avatar
 
Join Date: Jan 2011
Location: Ontario, Canada
Posts: 1,282
Garage
Hagerty quoted restrictions to me such as not insured in parking lots, no daily driving, no driving to US unless to a car show, no overnight parking at hotels, etc. Useless for my needs!
Johan
__________________
Living well is life's best revenge- George Herbert (1593-1633)
2006 C2S, A4 Quattro, the RST hot rod-http://forums.pelicanparts.com/porsche-911-technical-forum/748639-evolution-carrera-rst.html
Old 09-02-2018, 02:11 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #8 (permalink)
Registered User
 
Join Date: Jan 2005
Location: St. Louis , mo
Posts: 113
I have hagerty and for a while I had 5000 miles per year restriction but a few years ago they told me that no longer applied per my state regulations so it was removed. So currently it is insured as any of my DD ( by a different insurance company ).
What kind of plates do you have on the car?
I'm guessing they are just following what ever your states laws are.
Mike
Edit: what your countries regulations are.

Last edited by mdj930; 09-02-2018 at 04:40 AM..
Old 09-02-2018, 04:38 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #9 (permalink)
Registered User
 
Join Date: May 2005
Location: Houston
Posts: 3,961
I got sick of Hagerty's high rates and made the change to Grundy
__________________
Ole Skool - wouldn't have it any other way
Old 09-02-2018, 05:39 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #10 (permalink)
Registered User
 
Tug68's Avatar
 
Join Date: Sep 2008
Location: Rockland Co.New York
Posts: 754
I have Grundy with an agreed value on my modified. I think I’m allowed 2500 miles per year.
__________________
Tim
87 930:G-50 5 Speed, Powerhaus Headers, K-27, Garretson Intercooler, RarlyL8 exhaust and 1 bar boost....
85 911:Wevo shifter,full adjustable suspension,bigger torsion bars,Carbon fiber hood,930 brakes and rims.
Old 09-02-2018, 06:06 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #11 (permalink)
Turbo Powered Snow Blower
 
Join Date: Mar 2016
Location: Rocklin, CA .... Galveston, TX
Posts: 2,684
Garage
Quote:
Originally Posted by slow&rusty View Post
I got sick of Hagerty's high rates and made the change to Grundy
I called and complained about the increase. We discussed miles driven and I was able to get my rates lower. So I stayed. I ended up less than $100.00 more than Grundy.
__________________
Derrick
Old 09-02-2018, 06:09 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #12 (permalink)
Rocket Scientist
 
Join Date: Jun 2008
Location: Detroit
Posts: 895
So, what is the point of agreed upon coverage? I have coverage through Progressive as part of a multi car policy, with $1k deductible on the 930, and 5K miles per year. They never asked me if it was modified or not. My whole policy for all three vehicles was less than the Haggerty quote, roughly $2200/year. As far as I know, they have to pay the replacement cost for the 930.
Old 09-02-2018, 06:20 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #13 (permalink)
Old car guy.....
 
Hot Euro's Avatar
 
Join Date: Mar 2014
Location: Lubbock, Texas
Posts: 559
Garage
Quote:
Originally Posted by Speedy Squirrel View Post
So, what is the point of agreed upon coverage? I have coverage through Progressive as part of a multi car policy, with $1k deductible on the 930, and 5K miles per year. They never asked me if it was modified or not. My whole policy for all three vehicles was less than the Haggerty quote, roughly $2200/year. As far as I know, they have to pay the replacement cost for the 930.
Most auto policies are Actual Cash Value. The insurance company decides what your classic car is worth at the time of the loss. If you do not agree with them, chances are you'll need a lawyer to help you argue the point. Many classic car policies sell stated value as if it was the same as "Agreed Value". It is not! Stated Value policies pay the "Stated Value" or the "Actual Cash Value" ... whichever is less. All that stated value insurance does is help decide how much premium you pay. Only an agreed value is without hidden gotchas. If your car is stolen or totaled, you will receive the agreed value. Period.
I had hagerty for a while thru my local agent until I checked with Leland-West (promoted by PCA).
I saved 50% over Hagerty and the policy had better options. At the time Hagerty was 800 and Leland west was 400 for 40k.
I am going to hit them up for a 20k increase in the spring.
__________________
Steve
1981 SC Steel Widebody, DP Lid, 930/51 to 3.2l, K27 7006 Turbo, DOD, P&P Twin Plug heads, Twinfire Ignition, Ruf Intercooler, Powerhaus headers, Zork, CIS Euro FD, 009 injectors, 044 pump, BLwur, 930 4 sp LSD, Mocal 44 w/fan, LM2, Brembo, Retroair, Euromeisters
2003 BMW Z4 Daily Driver & Autocross car.
Old 09-03-2018, 03:34 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #14 (permalink)
Registered User
 
Join Date: Aug 2013
Posts: 1,152
Quote:
Originally Posted by Rawknees'Turbo View Post
I use American Collectors - declared modified and no problems with that.
Same here. Recently upped the agreed value as I was woefully under value. They asked me for a few pics and done.
Old 09-03-2018, 03:37 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #15 (permalink)
Registered User
 
Join Date: Mar 2007
Posts: 237
Have used American Collectors for a long time...insure 2 Pcars, Carrera and Turbo. No problems, easy to work with, good rates.
Old 09-03-2018, 07:26 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #16 (permalink)
Rocket Scientist
 
Join Date: Jun 2008
Location: Detroit
Posts: 895
Thanks for the info. It is what I expected. I think I will ask Progressive what they think my actual cash value is. I wonder if they will do that without a claim.

Quote:
Originally Posted by Hot Euro View Post
Most auto policies are Actual Cash Value. The insurance company decides what your classic car is worth at the time of the loss. If you do not agree with them, chances are you'll need a lawyer to help you argue the point. Many classic car policies sell stated value as if it was the same as "Agreed Value". It is not! Stated Value policies pay the "Stated Value" or the "Actual Cash Value" ... whichever is less. All that stated value insurance does is help decide how much premium you pay. Only an agreed value is without hidden gotchas. If your car is stolen or totaled, you will receive the agreed value. Period.
I had hagerty for a while thru my local agent until I checked with Leland-West (promoted by PCA).
I saved 50% over Hagerty and the policy had better options. At the time Hagerty was 800 and Leland west was 400 for 40k.
I am going to hit them up for a 20k increase in the spring.
Old 09-03-2018, 11:37 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #17 (permalink)
Registered User
 
freesaints's Avatar
 
Join Date: Feb 2017
Location: Austin TX
Posts: 42
I had American Modern on stated value and recently moved over to SafeCo on stated value for my unmodded '87 Turbo. It saved me a few hundred by moving over since I could bundle it with our other two cars. Before that, it seemed that Grundy and American Modern had the best rates when I was shopping them around.

Hot Euro - that's interesting about the Stated value vs Agreed Value. I'll have to look into that. I was under the impression that if the car were totaled, I'd get the Stated value. Not so?
Old 09-04-2018, 08:55 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #18 (permalink)
Old car guy.....
 
Hot Euro's Avatar
 
Join Date: Mar 2014
Location: Lubbock, Texas
Posts: 559
Garage
Quote:
Originally Posted by freesaints View Post
I had American Modern on stated value and recently moved over to SafeCo on stated value for my unmodded '87 Turbo. It saved me a few hundred by moving over since I could bundle it with our other two cars. Before that, it seemed that Grundy and American Modern had the best rates when I was shopping them around.

Hot Euro - that's interesting about the Stated value vs Agreed Value. I'll have to look into that. I was under the impression that if the car were totaled, I'd get the Stated value. Not so?
My original reply was copied from:
https://www.lelandwest.com/stated-value-vs-agreed-value-classic-car-insurance.cfm
__________________
Steve
1981 SC Steel Widebody, DP Lid, 930/51 to 3.2l, K27 7006 Turbo, DOD, P&P Twin Plug heads, Twinfire Ignition, Ruf Intercooler, Powerhaus headers, Zork, CIS Euro FD, 009 injectors, 044 pump, BLwur, 930 4 sp LSD, Mocal 44 w/fan, LM2, Brembo, Retroair, Euromeisters
2003 BMW Z4 Daily Driver & Autocross car.
Old 09-05-2018, 04:30 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #19 (permalink)
Registered User
 
freesaints's Avatar
 
Join Date: Feb 2017
Location: Austin TX
Posts: 42
Wow, that's eye opening. Will need to call my broker to double check. Thanks for the head's up.
Old 09-05-2018, 05:19 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #20 (permalink)
Reply

Thread Tools
Rate This Thread
Rate This Thread:

 


All times are GMT -8. The time now is 01:46 AM.


 
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2018 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website -    DMCA Registered Agent Contact Page
 

DTO Garage Plus vBulletin Plugins by Drive Thru Online, Inc.