"Agreed Upon" Insurance Value...Who has it?
#1
Instructor
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"Agreed Upon" Insurance Value...Who has it?
I tried talking to a Geico rep about this and she acted like I was speaking Greek, so for those of you who have it, who do you use? What exactly is the process of having the "value" determined? Post up what you pay and what restrictions you have
#2
Burning Brakes
I use Adam through the National Corvette Museum. I sent him pictures of the car, mileage, mods, additions, etc. I have a 2003 AE Vert with mods with an agreed upon value of 30K. Can't be your daily driver, I think I have 3000 miles a year with rollover. I pay a much better rate than I did with State Farm.
Les
Les
#3
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Oldtimer
I use Adam through the National Corvette Museum. I sent him pictures of the car, mileage, mods, additions, etc. I have a 2003 AE Vert with mods with an agreed upon value of 30K. Can't be your daily driver, I think I have 3000 miles a year with rollover. I pay a much better rate than I did with State Farm.
Les
Les
#4
Drifting
I have 4 cars with an agreed value policy, each 3000 miles/yr, none can be a DD, underwritten by American Modern through an agent in the Northeast. I simply tell him what I want the value to be, and that's what shows up in the policy. I would think that the insurance company would object if the requested value was too far out of line.
#5
Melting Slicks
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St. Jude Donor '13
Another corvette museum customer here. 3000 miles. You determine the value, they set the price. Cheap. You won't find a better deal
#6
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I have it through my KY Farm Bureau fro both my 96 collector and my 72 Nova SS. Very good rates, but needed an independent appraisal, body shop professional was good enough.
I've been told agreed value isn't the best you can get. There are several types available, all very reasonable but all obviously have restraints, some more than others.
I've been told agreed value isn't the best you can get. There are several types available, all very reasonable but all obviously have restraints, some more than others.
#8
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Have Hagerty on my c5 along with a 71 and 72 chev pickups both restored... purchased a very very nice c3 which I put ins. on before picking up... 56 hours later and one deer the car was a total lose, no ? asked the car was paid for at stated value and medical was covered on my friend who was hurt, simply send pics of car and value you want and done no BS.
#11
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Hmm interesting, it seems I'm right on that cusp of 3-4k miles per year. I guess I'll do some researching in Hagertys, from what I understand NCM has a lot of restrictions on where/when you can drive.
#12
Melting Slicks
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St. Jude Donor '13
When I researched it ncm was the least restrictive. The hardest one for some is it can't be your primary driver. You have to provide your declarations page for your daily driver.
#14
Most of these insurers require a "garage". I have a shelter logic car shelter with the heavier material (has worked great here in new england for years). Anybody know an insurer that will accept my storage type?
#15
Melting Slicks
Adam at NCM and who I use (Leland West - lelandwest.com) are both resellers of American Modern Ins. Not sure if Haggerty is or not. However, at Leland West, I have UNLIMITED mileage which I don't think any of the others offer. Since I like to take a trip occasionally, that really helps. My cost is just under $30/month. Leland West is in California and I live in Okla and had to do all my dealing with them via the phone and email. It required sending them some pics, can't be a DD, must be stored in closed locked garage when not in use, etc. Very good insurance plan that fits my needs perfectly. I do NOT want to be constantly worrying about my mileage.
Last edited by CactusCat; 09-30-2013 at 07:42 AM.
#16
I use Adam through the National Corvette Museum. I sent him pictures of the car, mileage, mods, additions, etc. I have a 2003 AE Vert with mods with an agreed upon value of 30K. Can't be your daily driver, I think I have 3000 miles a year with rollover. I pay a much better rate than I did with State Farm.
Les
Les
#17
Melting Slicks
#18
American Collector ins.
I have American collector also known as American Reliable ins.Co. Based in FL. for the last 10 years. Full coverage. Road side . Including towing. it has been great. Also have an agree valued. For my 2000 C5 Vert. i think its about $500 per year . 3000 miles not a DD.
#19
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CI 1-2-3-4-5-6-7-8-9-10-11-12 Vet
St. Jude Donor '07-'08
NCM Sinkhole Donor
Our restrictions are a lot less than any other collector car company out there. Like everyone else, we don't insure errands. We have a work endorsement that allows the occasional work usage (up to 2 times per week).
877.678.7626 or www.ncminsurance.com
I use Adam through the National Corvette Museum. I sent him pictures of the car, mileage, mods, additions, etc. I have a 2003 AE Vert with mods with an agreed upon value of 30K. Can't be your daily driver, I think I have 3000 miles a year with rollover. I pay a much better rate than I did with State Farm.
Les
Les
I have 4 cars with an agreed value policy, each 3000 miles/yr, none can be a DD, underwritten by American Modern through an agent in the Northeast. I simply tell him what I want the value to be, and that's what shows up in the policy. I would think that the insurance company would object if the requested value was too far out of line.
I have it through my KY Farm Bureau fro both my 96 collector and my 72 Nova SS. Very good rates, but needed an independent appraisal, body shop professional was good enough.
I've been told agreed value isn't the best you can get. There are several types available, all very reasonable but all obviously have restraints, some more than others.
I've been told agreed value isn't the best you can get. There are several types available, all very reasonable but all obviously have restraints, some more than others.
877.678-7626
Adam at NCM and who I use (Leland West - lelandwest.com) are both resellers of American Modern Ins. Not sure if Haggerty is or not. However, at Leland West, I have UNLIMITED mileage which I don't think any of the others offer. Since I like to take a trip occasionally, that really helps. My cost is just under $30/month. Leland West is in California and I live in Okla and had to do all my dealing with them via the phone and email. It required sending them some pics, can't be a DD, must be stored in closed locked garage when not in use, etc. Very good insurance plan that fits my needs perfectly. I do NOT want to be constantly worrying about my mileage.
I don't think I have ever sold a $5000 deductible! Most folks get the best break at a $250 deductible...
We can do a $0 deductible too, but most times it makes the most financial sense to have a $250 deductible.
#20
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I use Adam through the National Corvette Museum. I sent him pictures of the car, mileage, mods, additions, etc. I have a 2003 AE Vert with mods with an agreed upon value of 30K. Can't be your daily driver, I think I have 3000 miles a year with rollover. I pay a much better rate than I did with State Farm.
Les
Les
There are restrictions, however since my convertible is a weekend, pleasure car, they are no big deal.
So far so good. I just renewed for my second year of coverage.