Replacement values and insurance.

[Joe Bob]

I'm having my ride painted. Decided to keep the same color. My declared value is $33K with State Farm.

The bad.....grey market, back date kit, 3.6 powered, no AC, it a cab.

The good ..... it's a cab, low miles 3.6, newer top, fresh paint, 16x7 and 8s with fresh rubber, Carrera sway bars, upgraded T-bars, Recaro SPDs, roll bar, duck tail, fresh 915 with factory LSD, coco mats, premium sounds, H4s, Wevo shifter, etc.

NOT a sale thread....but if it got totaled, I don't think $33 would replace it. State Farm isn't budging on an increase.

Besides changing companies.....is there an easy to convince them with say an independent assessor or something?

[Christien]

Have you asked if they'll accept an appraisal for a higher value? My ins. co. allowed me to up my coverage without appraisal, within their pre-determined value range, which was really wide - something like between $15 and $40k.

[David]

Farmers will only insure to appraised value which is way too low and there are only like 2 appraisers in Texas (I'm sure there are more but not many). My agent said I can go through J.C. Taylor for antique/hotrod insurance and not affect the special rates and umbrella I have with Farmers. Hopefully this will allow for a more appropriate level of insurance. Now I just need to get off my ass and do it.

[911SauCy]

JB.

Why not an agreed value collector policy?

I have American Collectors, number of my buddies use it or Hagerty.

There are some restrictions but you name your price and they shoot you a number.

[HHI944]

What Saucy said. I use AC for my Series and the Lotus, they ask what value and tell me how much it'll be...to easy!

[unclebilly]

I was offered what my 76 was insured for earlier this year... I decided I couldn't live with that so I bumped up the agreed to value.

[onewhippedpuppy]

Originally Posted by 911SauCy

JB.

Why not an agreed value collector policy?

I have American Collectors, number of my buddies use it or Hagerty.

There are some restrictions but you name your price and they shoot you a number.

This. My '88 Targa was with Leland West, they give a great PCA discount BTW. I gave them a list of the car's modifications and recent work done, which help to justify the agreed value. They had no issue with mine at $30k. Unlike some of the others, they also allow you to drive your car to work if desired.

[Joe Bob]

I currently have a 33K agreed value. That's not the problem. I want to have a higher value due to recent increase of SCs and the new paint job.

I guess I will look into an appraiser and submit it to State Farm and see what shakes.

[911SauCy]

Originally Posted by Joe Bob

I currently have a 33K agreed value. That's not the problem. I want to have a higher value due to recent increase of SCs and the new paint job.

I guess I will look into an appraiser and submit it to State Farm and see what shakes.

It's not a true agreed value policy if adjusters are involved.

My call went like this.

Your car is a 78 911 targa?

-yes

Stock or heavily modified?

-mostly stock, I'll email you a few photos.

Ok, what do you want it insured for?

-$26 crackers.

Ok, very good.

[onewhippedpuppy]

Yup, if you want an increase to your agreed value policy they should simply tell you how much more your premium will be. I assume at some point they will put a stop to it (I want to insure my SC for $10 million please), but insuring to your stated value is sorta the point of the entire thing.