Quote:
Originally Posted by nathanbs
I wouldn’t want a market value policy on a car like that. When you have a relatively stock car it can be fine. You would be better off with an agreed value policy from Hagerty or elsewhere. Statefarm has had major losses in auto claims lately and is facing a $250 million dollar class action payout for auto so don’t expect them to be generous anytime soon
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It isn't a market value policy he is trying to get from State Farm. It is an agreed policy. I have one on my 89 speedster with State Farm. The only problem with State Farm is they don't know the values. As my Speedster kept appreciating, I called them once a year requesting a bump up in agreed value. They said they couldn't go any higher without proof. I had to supply them sales from the big auction houses, along with Hagerty price guide, before they would increase the value to my now $200,000.
What's odd about State Farm is they set up a big booth at Mecum Auctions, that reads, "Classic Car Insurance" But they don't know classic car values!
Btw, awesome looking car. Even when it's inverted!!