Quote:
Originally Posted by Rawknees'Turbo
^^^
It sure seems like that must be Hagerty's motivation for the absolutely ridiculous valuations stats (which have been nonsense since the start of the "price increase wave" of these cars). When this has been suggested in the past, some people point out that Hagerty is hurting themselves by paying out for over insured vehicles, but maybe they do so little paying out, that there is not much risk there for them?
Excellence's evaluations are just as bad, butt maybe they get their info from Hagerty?
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They are so much more expensive than Grundy's is, and I'm sure the actuarials are the same, so yeah, Hagerty makes a killing on agreed value classic car insurance.