Actual Value Insurance - Z06
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Pro
Joined: Jun 2021
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From: SW Florida
Actual Value Insurance - Z06
I just bought a 2019 C7 Grand Sport. My insurance company appears to only offer full coverage that will cover the car based on depreciated value. But I am looking for an agreed value policy. I drive less than 5,000 miles per year but cannot garage the car.
I have researched this a little bit and know that Hagerty offers the coverage but I think they require the car to be garaged.
Any suggestions?
I have researched this a little bit and know that Hagerty offers the coverage but I think they require the car to be garaged.
Any suggestions?
Drifting
Joined: Aug 2017
Posts: 1,981
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From: Dayton, OH
I tried several different insurance companies. After carefully reading the policy I would find restrictions or limitiations to the usage of the car such as not driving it to work more than a few days a week or running errands or even more restrictive such as to and from 'car related' events only.
SafeCo, now Liberty, had only one requirement, that is to have garage storage. They do offer an agreed value policy.
SafeCo, now Liberty, had only one requirement, that is to have garage storage. They do offer an agreed value policy.
Pro
Joined: Nov 2021
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From: Pittsburgh, PA
I have Haggerty but I do keep my cars in the garage. I have mine insured for $85,000 and if something happens and it gets totaled I can buy it back for $1. I pay $1200/yr. If I insured it with Geico it would be double that.
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From: SW Florida
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From: Fairfield California
Instructor
Joined: Sep 2005
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From: Erie, PA
I have NCM insurance for my 2016 C7 Z06. I pay $656 a year for a guaranteed value of $75K
They don't check mileage but I told them I will drive less than 3k per year, it's garaged.
I also have my 2001 Camaro SS insured through them as well. Around $530 a year with a guaranteed value of $55k, again with less than 3K miles per year.
They don't check mileage but I told them I will drive less than 3k per year, it's garaged.
I also have my 2001 Camaro SS insured through them as well. Around $530 a year with a guaranteed value of $55k, again with less than 3K miles per year.
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Thread Starter
Pro
Joined: Jun 2021
Posts: 529
Likes: 47
From: SW Florida
I have NCM insurance for my 2016 C7 Z06. I pay $656 a year for a guaranteed value of $75K
They don't check mileage but I told them I will drive less than 3k per year, it's garaged.
I also have my 2001 Camaro SS insured through them as well. Around $530 a year with a guaranteed value of $55k, again with less than 3K miles per year.
They don't check mileage but I told them I will drive less than 3k per year, it's garaged.
I also have my 2001 Camaro SS insured through them as well. Around $530 a year with a guaranteed value of $55k, again with less than 3K miles per year.
Last edited by C6SEUSA; Yesterday at 08:41 AM.
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From: Bowling Green, KY
Thread Starter
Pro
Joined: Jun 2021
Posts: 529
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From: SW Florida
Do you have the terms and conditions for the coverage offered by TCM?
Thanks
Last edited by C6SEUSA; Yesterday at 03:24 PM.
Thread Starter
Pro
Joined: Jun 2021
Posts: 529
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From: SW Florida
I called NCM and talked with Adam Voca. Their insurance plans do cover for actual value / stated value but, unfortunately, all seem to require the car be garaged. I do not have a garage that has room in it.
Pro
Joined: Jan 2021
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From: Treasure Coast
I have NCM insurance for my 2016 C7 Z06. I pay $656 a year for a guaranteed value of $75K
They don't check mileage but I told them I will drive less than 3k per year, it's garaged.
I also have my 2001 Camaro SS insured through them as well. Around $530 a year with a guaranteed value of $55k, again with less than 3K miles per year.
They don't check mileage but I told them I will drive less than 3k per year, it's garaged.
I also have my 2001 Camaro SS insured through them as well. Around $530 a year with a guaranteed value of $55k, again with less than 3K miles per year.