State Value Auto Insurance
Thread Starter
Pro
Joined: Apr 2000
Posts: 625
Likes: 0
From: The Villages FL
State Value Auto Insurance
Anyone know what auto insurance companies will write a policy for "stated value" based on appraisals for rebuilt C3's? How are y'all insuring daily driver pro-touring Corvettes?
Spike
Spike
Drifting
Joined: Aug 2002
Posts: 1,731
Likes: 22
From: Marietta Ga.
Race Director
Joined: Sep 1999
Posts: 11,361
Likes: 383
From: Plano TX
Be aware that "stated value" is not what you want. Stated value only puts a cap on how much the ins co will pay you. They can pay much less.
What you want is "agreed value". If you have a total loss with agreed value the ins co will pay exactly the agreed value, no less no more.
What you want is "agreed value". If you have a total loss with agreed value the ins co will pay exactly the agreed value, no less no more.
Melting Slicks
Joined: Apr 1999
Posts: 2,521
Likes: 4
From: Windham, NH
Be VERY careful with who you go thru for "collectable" car insurance. Just that one word differance in the type of policy can mean the differance of getting a check for what YOU know the car is worth or having to prove beyond a shadow of doubt, in court against your OWN insurance company, what your car is worth.
Burning Brakes
Joined: Oct 2004
Posts: 829
Likes: 2
From: Scottdale Pa
Originally Posted by zwede
Be aware that "stated value" is not what you want. Stated value only puts a cap on how much the ins co will pay you. They can pay much less.
What you want is "agreed value". If you have a total loss with agreed value the ins co will pay exactly the agreed value, no less no more.
What you want is "agreed value". If you have a total loss with agreed value the ins co will pay exactly the agreed value, no less no more.
AGREED VALUE ONLY!!!!!!! 
Thread Starter
Pro
Joined: Apr 2000
Posts: 625
Likes: 0
From: The Villages FL
Agreed Value
Unfortunately, Haggerty et al will not work for a daily driver. I have only a 1-car garage, short driveway into a villa with no other parking, so it is all I can have. The car has to do 100% duty. I'm still looking, but have a couple numbers to call Monday. Thank you for the input.
Spike
Spike
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