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Registered
Join Date: Nov 2007
Location: USA
Posts: 359
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Quote:
Originally Posted by FastCarFan
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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Who is your insurance provider? This is exactly what I’m facing!
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'88 911 Coupe (sunroof delete) / FRP/Carbon Front Fenders & Bumpers / Elephant Racing Suspension / 3.4L Motor Conversion
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09-18-2020, 09:46 AM
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