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Another Insurance Question......

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Old Oct 6, 2006 | 06:56 PM
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Default Another Insurance Question......

Are there any companies out there that offer an "agreed value" policy if you don't have a garage???

(maybe with a higher premium???)
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Old Oct 6, 2006 | 10:28 PM
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Most of the major carriers (like Allstate) offer an agreed value option, but you pay a ton for them.

Just as an FYI, if you have access to a carport, literally all you need to do is have a curtain with some padlock on it to legally meet "enclosed, locked garage."

Also, If you have a parking space at work in a garage, that can qualify.

Disclaimer: I'm not an insurance representative, nor a lawyer...I have, however, seen many claims paid out on cars that didn't actually get stored in garages.
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Old Oct 6, 2006 | 11:02 PM
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I looked into all the insurance, finally I called GEICO my current policy holder. I simpley added my 81 and 74 with full coverage. I had to take them to a garage they have lined up for inspections. They looked them over, faxed the report to GEICO and they were added to my policy. Value is based on NADA or blue book. If you have a top flight etc, then you need the collector car insurance and if it;s worth that much, a garage.
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