Did haggerty value go up again?

[bpu699]

Originally Posted by zakira

If Hagerty is jacking up the valuation to collect higher premiums, then why don't they do it to all collector cars across the board? They'll surely make more money that way. But they don't. Some go down.

But whenever I post this, it gets ignored like it doesn't exist. But it is a legitimate point. Too tough to answer?

We all want our cars to be worth a lot. Wouldn't mind selling mine and buying 5 others... If you think an 87 driver is 180 k I can sell you mine. It could use a paint job, so I can even knock 15k of for you...

[boosted79]

"If Hagerty is jacking up the valuation to collect higher premiums, then why don't they do it to all collector cars across the board? They'll surely make more money that way. But they don't. Some go down.

But whenever I post this, it gets ignored like it doesn't exist. But it is a legitimate point. Too tough to answer?"

No. They track the trend but don't go in the opposite direction. If the resale values of a model are clearly dropping then they'll drop the insured values but not as much as the actuals are dropping. Same on the uptrend, they inflate the insured values more than the actual resale market reflects.

[IMR-Merlin]

100k agreed value on my slightly modified (hehe) 930 with Hagerty

[Hams930T]

The only relevance this conversation has to me is what I need to insure my car for... I have no intention of selling so I could care less about it's value. With that to say, I do care about it's insurable value to make sure I am adequately compensated in the event of a loss or if I wanted to try and replace it. - the second half of that sentence opens yet another question... I love the 930 but I don't know I'm a buyer at the $100-150K mark.

Anyhow, just voicing an opinion.

- Chris.

[IMR-Merlin]

Originally Posted by Hams930T

The only relevance this conversation has to me is what I need to insure my car for... I have no intention of selling so I could care less about it's value. With that to say, I do care about it's insurable value to make sure I am adequately compensated in the event of a loss or if I wanted to try and replace it. - the second half of that sentence opens yet another question... I love the 930 but I don't know I'm a buyer at the $100-150K mark.

Anyhow, just voicing an opinion.

- Chris.

I am the same as you. If somoene hits me or I make a mistake, I want to make sure I am "covered"

[Mick_D]

Maybe Hagertys adjusts their valuations in part based on what kinda of agreed values customers want?

[RarlyL8]

Definitely need to be covered, but being over-insured is a waste of money. The insurance companies also know the more valuable your car is the less you will drive it, which of course is a win-win for them. I need to get mine appraised and will insure it for that amount.

[kenikh]

Hagerty won't let you blindly insure for any value. When I seriously upped the insured value of my 65 to match the market, they asked for photos.

[Tippy]

Originally Posted by cover

I don't think you can substract any solid information from eBay.

First of all, 930s are generally not eBay material anymore.
An nice 930 offered on an eBay auction will appear "fishy" by definition now.

Furthermore, there is so much going on behind the scenes that it distorts the appearance of things.

Peace, just throwing out what Ronnie might be referring to as many posted those cars never sell.

[jsveb]

The most important part of the valuation - based on personal and horrendous experience, which I do not wish for any to experience - is the fact that an insurance co will total your vehicle if they in any way can get away with not paying the repair bill.

A high appraisal will help us, even in court ( been there) if need be.

[cover]

Originally Posted by Tippy

Peace, just throwing out what Ronnie might be referring to as many posted those cars never sell.

No bad vibes at all.
We're just debating here ;-)

[zakira]

Originally Posted by bpu699

We all want our cars to be worth a lot. Wouldn't mind selling mine and buying 5 others... If you think an 87 driver is 180 k I can sell you mine. It could use a paint job, so I can even knock 15k of for you...

Originally Posted by boosted79

No. They track the trend but don't go in the opposite direction. If the resale values of a model are clearly dropping then they'll drop the insured values but not as much as the actuals are dropping. Same on the uptrend, they inflate the insured values more than the actual resale market reflects.

I do agree that their valuation of the 930 as of late is a little overinflated compared to reality. They seem to be only tracking the auction results.

[RarlyL8]

The most important part of the valuation - based on personal and horrendous experience, which I do not wish for any to experience - is the fact that an insurance co will total your vehicle if they in any way can get away with not paying the repair bill.
A high appraisal will help us, even in court ( been there) if need be.

VERY GOOD POINT! Makes me look at this issue much differently.

.

[Ferraripete]

Originally Posted by zakira

Is it just me? When I'm over at Ferrarichat, the guys over there high five each other when the values of their cars go up, say the Testarossa or the 308, but over here when they're told the values of their cars went up, they get bent out of shape and fights break out.

lol...I have no problem when my good taste in cars is affirmed when the market or market experts say my car's value is rising. I got lucky with my 308 gtb, my 512 bbi and my 930...market likes each of them

[93097004xx]

Originally Posted by RarlyL8

'78-'88 are the years I am talking about. By "driver" I mean a driver; cars with miles and wear, no matter if stock or modified. Cars between #3 and #2 on the insurance scale.

The early 930 and '89 G50 are wild cards having prices all over the place.

Can't lump 78/79 in with the later cars. Totally different market. Totally different beasts too. Early 3.3s drive handle and accelerate totally different from the tamed down later year 3.3s.

After 100s and 100s of 930s selling at $75,000 $100,000 $300,000 we are still having this debate... A nice stock 930 is $75,000. A show car is worth into the low 100k range.




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[Ronnie's.930]

Originally Posted by 93097004xx

Can't lump 78/79 in with the later cars. . . . Totally different beasts too. Early 3.3s drive handle and accelerate totally different from the tamed down later year 3.3s.

Hogwash.

Originally Posted by 93097004xx

After 100s and 100s of 930s selling at $75,000 $100,000 $300,000 . . .

More hogwash.

[93097004xx]

Originally Posted by Ronnie's.930

Hogwash.







More hogwash.

Lol you need to educate yourself on both accounts.


Period.


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[Ronnie's.930]

Originally Posted by 93097004xx

Lol you need to educate yourself on both accounts.


Period.

You need to heed your own advice considering that you have consistently demonstrated major shortcomings in both performance and market assessments of these cars.

[93097004xx]

Ronnie, I can sell your car for $50,000 tonight.

When can you meet me???

I won't even charge a finders thee!

Let's get this done!


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[Ronnie's.930]

^^^

Claiming to be a successful salesman does not prove that you know anything about these cars, which you clearly do not, and there is nothing to "get done" as I have never once expressed an interest in selling my car.