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FastCarFan FastCarFan is offline
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Join Date: Dec 2005
Location: Hudson, OH
Posts: 1,279
Garage
If you do end up going with a "normal" insurance company, make sure you insure the car for an "agreed amount", not a "stated amount".

With a stated amount, you state the value of your car. However, if you have a claim the insurance company might argue that the car worth a lower amount, and that is what they will pay.

With an agreed amount, you and the insurance company agree upfront on the value of the car. In the event of a total loss, they will pay the agreed amount.

I use the same insurance company for my '88 Carrera as I do for my daily-driver cars. I used Hagerty's valuation tool to come up with a value for my car, including their definitions of the different condition levels (e.g., #2 - "Excellent"). I also provided photos to confirm the condition I claimed.

Every couple years they ask me to provide documentation again.

My 2 cents.
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Doug Miller

1988 Guards Red Carrera
Old 09-18-2020, 09:36 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #4 (permalink)