Insurance Question
Thread Starter
Pro
Joined: Mar 2004
Posts: 640
Likes: 1
From: Mertztown Pa
Insurance Question
Right now I have my 70 vette insured through Nationwide. I must have an appraisel for the policy. The last time I had it appraised was in 97. With the value of these cars going up I should get another appraisel. I tried the other year and found out that the price of an appraisel has gone through the roof. I think it was 300 dollars! I thought the easy way to go would be with a collector car insurance company with an agreed value. I was thinking 30,000 would be a good number. Any opinions? Also right now I pay $394 a year. I was thinking about Grundy or Hagarty. Sorry if this topic has been beaten to death.
Pro
Joined: Jun 2004
Posts: 692
Likes: 69
From: Juneau AK
Originally Posted by 70Donnybrooke
Right now I have my 70 vette insured through Nationwide. I must have an appraisel for the policy. The last time I had it appraised was in 97. With the value of these cars going up I should get another appraisel. I tried the other year and found out that the price of an appraisel has gone through the roof. I think it was 300 dollars! I thought the easy way to go would be with a collector car insurance company with an agreed value. I was thinking 30,000 would be a good number. Any opinions? Also right now I pay $394 a year. I was thinking about Grundy or Hagarty. Sorry if this topic has been beaten to death.
As for value, there was a thread here yesterday about what would it take for someone off the street to buy your car from you. If you can come up with that number, that might be an indicator.
Then there's the "Pro-Team" approach... find a similar car on Ebay, take its final selling price and then add a zero just to the left of the decimal point.
kdlp
Team Owner
Joined: Aug 1999
Posts: 30,995
Likes: 99
From: Ontario
You can get an appraisal on-line for $70. The company is a Forum sponsor.
http://www.vettefinders.com/index.cf...Appraisals.htm
http://www.vettefinders.com/index.cf...Appraisals.htm
Le Mans Master
Joined: Aug 2003
Posts: 7,720
Likes: 12
From: Chattanooga TN
You can get a appraisal for about $45 on Ebay. Take good pictures, put an honest description. Give it a $100,000 reserve. If it sells, great. If it doesn't, then you know what a willing buyer would pay for it. ($40 to list, $5 for a reserve I think).
Thread Starter
Pro
Joined: Mar 2004
Posts: 640
Likes: 1
From: Mertztown Pa
Now I am unsure if I qualify for hagerty. Right now my car is in a locked garage. In the summer I usally keep it locked in my enclosed car trailer. Grundy seemed to be better, they did not say anything about the garage. They were over 100 dollars less a year then what I am paying now.
Anyone have any problems with grundy?
Anyone have any problems with grundy?
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Verdad Gallardo
Safety Car
Joined: Jun 2005
Posts: 3,775
Likes: 4
im looking for something for my vette and could use some suggestions.
its a 69 vert, it does not stay in a locked building, and im under 25 years old.
i normaly get hung up on one or the other with most of the major historic insurance comapanies.
any suggestions on a place that could work for me?
its a 69 vert, it does not stay in a locked building, and im under 25 years old.
i normaly get hung up on one or the other with most of the major historic insurance comapanies.
any suggestions on a place that could work for me?
Le Mans Master
Joined: Mar 2000
Posts: 9,127
Likes: 2,326
From: Pottsville, PA. USA Home Of America's Oldest Brewery Yuengling
Originally Posted by 70Donnybrooke
Now I am unsure if I qualify for hagerty. Right now my car is in a locked garage. In the summer I usally keep it locked in my enclosed car trailer. Grundy seemed to be better, they did not say anything about the garage. They were over 100 dollars less a year then what I am paying now.
Anyone have any problems with grundy?
Anyone have any problems with grundy?
Did you try Stoudts for an appraisal since you are so close?
Thread Starter
Pro
Joined: Mar 2004
Posts: 640
Likes: 1
From: Mertztown Pa
Originally Posted by Corvette ED
Did you try Stoudts for an appraisal since you are so close?
