Agreed Value Insurance
Thread Starter
Burning Brakes
Joined: Oct 2001
Posts: 842
Likes: 3
From: Woodruff SC
St. Jude Donor '10
Agreed Value Insurance
I'm looking into agreed value insurance through Condon & Skelly. How do they keep up with the 2500 mile limit per year and if you go over, what do they do? :confused: (Insurance Police maybe)? :eek:
Thanks for your input!!! :cheers:
Thanks for your input!!! :cheers:
Safety Car
Joined: Jan 2001
Posts: 4,660
Likes: 3
From: South Central Louisiana
St. Jude Contributor
Re: Agreed Value Insurance (DP77Vette)
DP, I have had Condon and Skelly since I bought my 71. It is agreed value, and they do ASK you what your mileage is every year at renewel time. Now wether they will ever AUDIT or do I physical inspection, I ahve never heard of this happening. And for me it is not a problem, I put less than 2k actual miles a year on my 71 a year.
Safety Car
Joined: Jul 2002
Posts: 3,770
Likes: 3
From: St Louis MO
Re: Agreed Value Insurance (DP77Vette)
I went with State Farm Classic insurance for my 74. I got nice hi limits, low deductible, $15k coverage and no mileage limits for a skosh less than $300/year.
[Modified by Brettmc, 7:38 AM 9/19/2002]
[Modified by Brettmc, 7:39 AM 9/19/2002]
[Modified by Brettmc, 7:38 AM 9/19/2002]
[Modified by Brettmc, 7:39 AM 9/19/2002]
Instructor
Joined: Mar 2002
Posts: 238
Likes: 1
From: Conyers GA
Re: Agreed Value Insurance (Brettmc)
[QUOTE]I went with State Farm Classic insurance for my 74. I got nice hi limits, low deductible, $15k coverage and no mileage limits for a skosh less than $300/year.
Brettmc,
Are you sure about the mileage limits :confused:. When I checked with State Farm about Classic insurance (I have regular use insurance at this time), I was told that it will only cover you to and from a car show....or parade...or when traveling in an organized event. Taking the vette for a Sunday ride would not be covered :eek:
My agent wouldn't recommend it.....but then again he was making more money off of the regular use insurance :yesnod: .
Brettmc,
Are you sure about the mileage limits :confused:. When I checked with State Farm about Classic insurance (I have regular use insurance at this time), I was told that it will only cover you to and from a car show....or parade...or when traveling in an organized event. Taking the vette for a Sunday ride would not be covered :eek:
My agent wouldn't recommend it.....but then again he was making more money off of the regular use insurance :yesnod: .
Safety Car
Joined: Jul 2002
Posts: 3,770
Likes: 3
From: St Louis MO
Re: Agreed Value Insurance (Martin72)
Hmmmmm. I just called the little gal that gave me my binder. She works in the agents office (she's bout 22-24 yrs old). She assured me that there no limitations on driving or mileage. When I actually get my physical policy I'll check to make sure. In the meantime, can you call a different agent and ask these questions from him/her? I'm really curious now. I don't know whether to think if my agent's young assistant is right or your agent is. :confused:
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Safety Car
Joined: Jan 2001
Posts: 4,660
Likes: 3
From: South Central Louisiana
St. Jude Contributor
Re: Agreed Value Insurance (Brettmc)
Thats what I don't like about state farm. They seem to be "wishy washy" to me. And if you are paying over $200.00 a year, thats about $100.00 too much, IMO.
Safety Car
Joined: Jan 2000
Posts: 4,143
Likes: 0
Re: Agreed Value Insurance (Martin72)
Are you sure about the mileage limits :confused:. When I checked with State Farm about Classic insurance (I have regular use insurance at this time), I was told that it will only cover you to and from a car show....or parade...or when traveling in an organized event. Taking the vette for a Sunday ride would not be covered :eek:
It's fully insured up to $20k (agreed value) at only $354 per year !!!
No stinkin' mileage limits for me ! :D :D :D :cool:
Race Director
Joined: Jun 2002
Posts: 13,630
Likes: 0
From: Murfreesboro,TN
St. Jude Donor '03
Re: Agreed Value Insurance (Martin72)
I was told that it will only cover you to and from a car show....or parade...or when traveling in an organized event. Taking the vette for a Sunday ride would not be covered :eek:
My agent wouldn't recommend it.....but then again he was making more money off of the regular use insurance :yesnod: .
My agent wouldn't recommend it.....but then again he was making more money off of the regular use insurance :yesnod: .
I went around and around with my State Farm Agent. Before I moved I had a great agent (I have been with State Farm for over 30 years) but after moving the agent I have didn’t want to do much. He wanted $400/6 mo. I went nuts.:bs :bs
I could not believe it, this is my 5th Vette and I have never paid that. (I have 3 cars, a motorcycle and my house with State Farm) Even after I threatened to cancel all my policies, he would not budge. I posted on here about it and got a lot of replies from State Farm customers. I emailed him 30 responses from people that said my agent just didn’t know what he was doing. It caused him to do some checking and my policy became $90/6Mo.! :)
Antique and Classic are not the same. :nono: If you get antique, yes it is VERY limited. However Classic/Collectable does not have that limitation. We did agreed upon value, and he said it had a 2K a year mileage limit. (Although that mileage limit is not written in my policy)
It’s too bad but sometimes you have to fight to make people do their job.:boxing :cuss
