Quote:
Originally Posted by Nathans_Dad
We got a new auto insurance company and they originally insured my 1984 all stock guards red 911 coupe with 107,000 miles on it for $40k. After we sent them some photos of the vehicle including the engine (which I have never been asked to do before by any insurance company) they sent us a letter this week stating their underwriters felt the car should be insured for $30,500. I think this is probably close to the value of the car, but I am wondering if you guys think I should call them and try to get something more around $34k or just leave it as is?
|
As a data point for you, my 84 is insured for $35,000 agreed value. It has considerably more miles on it than yours. Further I also did receive a letter in the mail a while back informing me that due to market values, I should bump it up as the agreed value is too low. I chose not to as that also raises premiums.
As for the engine bay picture, the one particular insurance company I use asked similarly. First time ever with such a request. Their excuse was that it proves the engine is unmodified. Um ok, sure, whatever. You have to understand even though they are the gate keepers to liability exposure for the actual party insuring, underwriters are also a huge drag on IQ stats.