radiantRX-7

iTrader: (1)

I asked around though hagerty and pro America. Hegerty wants 1200/year to cover a 45K FD with KBB. Only think I need a beater. I have to fill out some form they give me and recepts. Which isnt a problem.

Pro America wants 2100 for the year with out a beater however they say i have to get an appriser out and check the vehicle. So Im thinking this, if the appriser comes out he/she might say. Well its not worth 45 or even 40K And they may say only 20K. How many guys here think they will apprise it for a good amount. Even if im satnding there with all the recipts in my hand.

I think in the end it will add up to the same amout etiher way. But I just dont want to get screwed over by an appriser.

GoodfellaFD3S

iTrader: (213)

Keep in mind Haggerty only allows 2-3k miles per year, and they literally only want the car driven to shows and back. I've gotten a bad feeling talking to their reps on the phone, I can foresee problems with future claims with them: "Oh, you mean you took the car out to run an errand? No, we don't cover accidents when the car is used in such a manner!"

I'm not using them right now, btw, I just looked into it extensively.

dgeesaman

iTrader: (7)

If there is an accident, there will be an appraiser or adjuster there intending screw you.

I'd rather resolve that question now rather than wait for it to happen. Just MO.

Dave

maxg765

Hello

Sorry for the long read.

First off, don't mess with your insurance. Its not worth it.

Now for some info.

"GoodfellaFD3S" had very good points. Certain policies only allow 2-3K per year and to shows only. As well those policies usually only allow certain highways that are rated at certain maximum speeds or even certain max distances from your home or place of storage. An then there is the place of storage. You need to advise them where you keep your car. If its not your home or address stated on the policy they may have an issue with that during a miss-hap. I had a friend that had a classic car that got broken into while he was storing it at a friends place. He had specialized low cost classic insurance but ended up not being covered for the damages because when he made his police report and then his claim he gave them the truth, "car was at so and so place for the past few weeks for storage and...." Had he lied about where it happened or advised them that thats where it would be he would have been covered. They gave him the lame excuse that his area home carried a different rate or risk as to where that car actually was stored and they would have to had adjusted his rate to reflect the risk where he left it. The annual diff of the two addresses was like 10$ he found out later. Each district has diff categories and rates.

I have a few classic cars. I have them evaluated every three years as per my insurers request. I also have them plated and insured year round under regular usage even if I store them in the winter. If I have to move them I need them covered.

Now appraisers are not there to screw you. And if you have receipts then a insurance company is obliged to cover or repay the amounts spent. Here is the glitch. If your receipts add up to more than the value of the car in the regular market or even to half you need these items registered with your company. A classic car evaluation done by a party or company that your insurance company recognizes is your best bet. It will cost you some $150, provide all the receipts, and he/she will catalog and rate the condition and miles of your car and provide you with a estimated street value. With my experience this has always been in line with what I accept. With this report they have no cause to devalue your car.

I actually recommend anyone do that with a car that they feel is worth more than the Kelly Blue book or equivalent. My brother-in-laws winter car is a 2004 Honda Civic $4 door SI which now only has 14000Kms. Its still new. He will have it done this summer and the value he would get if sold today is well above what the insurance would pay out. He get it done and sends it in to them registered. They have to accept the appraised value.

Finally what most of you don't know is that if you spend money on your car, any car, in repairs or add-ons (as long as they are fixed to the car) and you have the receipts your are covered for those expenses over and above the car.
I had a Audi 90 Stolen from me and never found. Car was evaluated at 10500$ at the time (I did not have the evaluation done) which was fair market value. I also had new mags put on that summer but no invoice however I did have pictures of my car with them. I got an extra 1400$. I also had just spent the month before some 2800$ at the audi dealer for new breaks and a valve lifter job. I got that refunded as well since it was recent work.

The FD's are an oddity. In theory their book values are way less than what market commands aside from the $$$$$$$ we additionally put into them. Everyone who is unhappy with the book value should do the evaluations in accordance with a company or individual the their insurance comp accepts and register their investments.

Regards

Max

1wide7

iTrader: (1)

first off why did you tell them 45K thats crazy (If all you have done is whats in your sig)and thats why they want an appraisal mine is at 30K agreed on by them and myself no appraisal needed
Second I use hagerty and have used them for the past 7 years you can run errands in the insured vehicle just not every day unless its to the auto parts store or some sort of "event"
I pay 540 a year for my coverage plus 100 for the 73 Dodge so 642 a year total

radiantRX-7

iTrader: (1)

Thanks for the replies guys.

1wide7 I have to update my sig. I have all kinds of parts waiting to get put on. So i added it up and it will be around that number with the engine work from pettit. Hagerty said it will be around1200/year. But I need a daily. I just really want the apprasier to give me a really close number and not low ball me.How do you manage to pay so little with hagerty? I havent had any crap on my linc. for the past 3 years.

The company America pro wants an apprisel not hagerty. Hag. just said to give them recipts. But I think I will pay the same amout in the end with a beater, since I have to buy the vehicle and insure it and store it somewhere.

BTW hagerty really didnt say I have to drive it so little miles as long as im not taking it out everyday.

str8ryd

iTrader: (473)

There is definitely a mileage restriction placed on specialty insured vehicles. Plus the "beater" you keep referring to is actually not a beater. Last I heard you'll need a car with a 2000+ production date insured under your name with another insurance provider.

GoodfellaFD3S

iTrader: (213)

I'd talk to someone else at Haggerty, they absolutely have many rules designed around keeping the cars more of a garage queen than a road car.

I'm still looking into Haggerty b/c I don't drive my car much at this point, only on weekends in nice weather.

str8ryd

iTrader: (473)

Rich, they do allow you additional mileage for "weekend" drives, etc. They just don't want you using it on a daily basis.