C4 Tech/Performance L98 Corvette and LT1 Corvette Technical Info, Internal Engine, External Engine

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Old Dec 31, 2008 | 08:23 AM
  #1  
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Default Do you have enough

I work in insurance and I was shocked to find out the NADA on my "classic" 1985 corvette. here is the link

http://www.nadaguides.com/SectionHom...=22&p=0&f=5003

we use this to determine how much an agreed value on your car.

Do not under insure your car. Hagerty has a great deal on agreed value.
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Old Dec 31, 2008 | 11:35 AM
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Holy ****. I need to go out and have a wreck. can I get NADA to buy my car?

RACE ON!!!
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Old Dec 31, 2008 | 11:40 AM
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Originally Posted by CFI-EFI
Holy ****. I need to go out and have a wreck. can I get NADA to buy my car?

RACE ON!!!

No poop they said my 85 was worth 20k! Take it from some one in the business you will NOT get nada classic car value for your car unless you have a agreed value policy
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Old Dec 31, 2008 | 11:56 AM
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Originally Posted by shamdave
No poop they said my 85 was worth 20k! Take it from some one in the business you will NOT get nada classic car value for your car unless you have a agreed value policy
The last time I looked into Agreed Value coverage, they said that you had to have a registered auto for each licensed person in your household in addition to the car that you are insurring. Is this still the case?
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Old Dec 31, 2008 | 12:00 PM
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Originally Posted by pmihaltian
The last time I looked into Agreed Value coverage, they said that you had to have a registered auto for each licensed person in your household in addition to the car that you are insurring. Is this still the case?
I work for Liberty Mutual/Safeco with us I do not think so, I would gie a call to your Independent agent. Like every one else revune is down so they are being more lienient. Check Hagerty They seems to have the best deal going.
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Old Dec 31, 2008 | 12:56 PM
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Those nada values are really inflated . The chicago market is like 60% of what is listed.
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Old Dec 31, 2008 | 01:25 PM
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Originally Posted by viii
Those nada values are really inflated . The chicago market is like 60% of what is listed.
We can go partners and buy a transporter. You buy the cars in Chicago for market value, we'll truck them out here, and I'll sell them for NADA here in Utah. We'll be rich!

RACE ON!!!
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Old Dec 31, 2008 | 01:33 PM
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Originally Posted by CFI-EFI
We can go partners and buy a transporter. You buy the cars in Chicago for market value, we'll truck them out here, and I'll sell them for NADA here in Utah. We'll be rich!

RACE ON!!!
What's up with CFI? He's making jokes, scheming, being nice - are you sneaking around with Mary Jane again? .......

Back on topic: I've looked into the classic car insurers and they all seem to severely limit the miles and use of the vehicle. Is it true that to get an Agreed Value you are limited to the type and amount of driving you can do?
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Old Dec 31, 2008 | 01:40 PM
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Originally Posted by janarvae
What's up with CFI? He's making jokes, scheming, being nice - are you sneaking around with Mary Jane again? .......
I've always made jokes. Many of them have been to subtitle for the masses and others, misunderstood, have gotten me in trouble.

RACE ON!!!
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Old Dec 31, 2008 | 01:48 PM
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Originally Posted by janarvae
What's up with CFI? He's making jokes, scheming, being nice - are you sneaking around with Mary Jane again? .......

Back on topic: I've looked into the classic car insurers and they all seem to severely limit the miles and use of the vehicle. Is it true that to get an Agreed Value you are limited to the type and amount of driving you can do?
It depends on the company with Liberty no but we are more expensive, hagerty claims as long as it is not your daily driver you are un limited on miles. Some companys will limit it if you list as a classic or antiquie. With liberty you can still have a agreed value, be a daliy driver and keep is as a passenger veh BUT it is more expensive.
The more you give up (miles coverage ect) the lower the cost
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Old Dec 31, 2008 | 03:27 PM
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Originally Posted by CFI-EFI
We can go partners and buy a transporter. You buy the cars in Chicago for market value, we'll truck them out here, and I'll sell them for NADA here in Utah. We'll be rich!

RACE ON!!!
I thought everybody drove Pick-up trucks in Utah?
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Old Dec 31, 2008 | 04:37 PM
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Originally Posted by shamdave
It depends on the company with Liberty no but we are more expensive, hagerty claims as long as it is not your daily driver you are un limited on miles. Some companys will limit it if you list as a classic or antiquie. With liberty you can still have a agreed value, be a daliy driver and keep is as a passenger veh BUT it is more expensive.
The more you give up (miles coverage ect) the lower the cost
Hagerty and Grundy also restrict the use of the car. No errands or driving to work. No "daily drivers."
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Old Dec 31, 2008 | 04:42 PM
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Originally Posted by CFI-EFI
Many of them have been to subtitle
RACE ON!!!


Is that like a Kung Fu movie?
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Old Dec 31, 2008 | 04:50 PM
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Originally Posted by MK 82
Hagerty and Grundy also restrict the use of the car. No errands or driving to work. No "daily drivers."
Hmmmm.... WTF else is there besides "errands", "driving to work" and "daily drivers" ? Saturday and Sunday joy rides ??

Of course I assume they also limit the miles that you can drive per year.

I feel like I just got a Grundy .......

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Old Dec 31, 2008 | 05:20 PM
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Try American collectors Ins. Only restrictions are reasonable milage limits. No restrictions such as where you can drive it. Lets be realistic here, you are not going to get cheap rates on "daily drivers".
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Old Dec 31, 2008 | 05:21 PM
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Oh yeah, Hagerty's and Grundy also want a LOCKED garage. I believe if you read further, you're only allowed to drive the car to, from and in car club events and car shows. I paid twice as much as Hagerty's for agreed upon for my 1930 Model A Ford with State Farm. It's a whopping $30 a month for $12k. I have a little more on the Vette. Hagerty's and Grundy are cheap for a reason, the vehicles are almost never at any risk.
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Old Dec 31, 2008 | 10:22 PM
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I got agreed value on my '85 for $15,000 through my regular carrier for no added premium. All I had to do was have the car appraised by a professional. No questions about locked garage, (it is) mileage or anything.
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