RE: Hagerty Insurance - Page 2

**COPO** · #11 10-31-2002, 11:12 AM

Agreed Value and Stated Value are the same.

will · #12 10-31-2002, 04:25 PM

I have been with hagerty for about a year,about 2months ago,a tool box turned over a hit the front fender of my 67 camaro.I called them to check about it they said get an est. and call them back.

the est was 897.oo they had a check to me/shop in a few days ,told me not to worry these things happen a my rates won't go up .
well I just got my renewal notice and guess what

same as before!

defintly a thumbs up for hagerty!!!! [img]/ubbthreads/images/icons/laugh.gif[/img]

DjD · #13 10-31-2002, 11:06 PM

A little more support for Hagerty, I've used the towing and submitted a claim and got a check asap and when I needed a windshield replaced they didn't bat an eye. I actually had the work done, then submitted the claim and even though that was not their normal practice they paid up and kept it painless...

Agreeded value is the way to go. I thought stated (you state what you paid for the vehicle) value coverage is what your daily driver is covered with and if the car is totaled you get the lowest of Blue book or comps. By comps that doesn't mean Z for Z or copo for copo, that's camaro for camaro.....

djunod · #14 11-01-2002, 12:58 AM

Dennis, "Agreed Value" & "Stated Value" are the same thing and are the value you say it is. "Actual Value" is what the insurance company calls the blue book value.

Unreal · #15 11-01-2002, 01:10 AM

I am in the process, now. Not only do you have to show that "you" have another daily driver, but you have to have one for every licensed driver in the household. So if you have 4 kids plus your wife and yourself, you have to have 6 cars over and above your toy. If you only have 5, you have to either buy another car, or kill your wife. [img]/ubbthreads/images/icons/smile.gif[/img]
I have a company car, and had to get some forms from the leasing company.

As I have a clone, I wasn't sure whether to define my car as stock, or modified. I called it stock, as I was cloning a stock car, not building a street rod. They had guidelines for max value, which was about $18,000. when I told them it was a 427, the max value jumped 40%. Anyone have experience with stock vs modified for a non-original engine?

**mhassett** · #16 11-01-2002, 02:03 AM

Maurice, I know what you are talking about. I have been with American Collectors for about (15) years and they were good but now they have me at a $225,000 cap and that is NOT ENOUGH. They are asking for unreasonable items (like Original Window Stickers, sprinker system in the garage) she said my Letter from Joel Rosen was Not Usable on the MOTION. I called Hagerty and am VERY PLEASED no hassles, fast service and friendly and seemed to know the True Values on the Super-Cars. I have AGREED Values on (8) cars and Driving Prevledges. Thanks everyone for the imputs. Mark [img]/ubbthreads/images/icons/grin.gif[/img] [img]/ubbthreads/images/icons/smirk.gif[/img]

Mark_C · #17 11-01-2002, 01:50 PM

<font color="red">"Agreed Value" & "Stated Value" are the same thing and are the value you say it is. </font color>

NO, NO, NO, NO. They are not the same thing, and if you have a stated value policy and suffer a loss, you can expect to get next to nothing for your car. Read your policy VERY carefully, make sure the words "agreed value" appears in it. Agreed value is the only type of policy that insures your car for a specific amount of money that you and the insurance company have "agreed" is the value of the car. Stated value is the upper limit of what the insurance company may pay you for the car. They obtain the value from the NADA used car book and from local car dealers. They do not care if the car has a 6 cylinder or a ZL1 engine. You will lose out if you have a stated value policy when it comes time to make a claim.

Check this out.
Camaros.net Discussion on Insurance - March of 2002

I have an agreed value policy on my 69 Pace Car with Haggerty. 25K value, no questions asked, no appraisal. $191 a year for complete coverage (in Mass.) with 100/300K liability.

DjD · #18 11-01-2002, 07:59 PM

This should set things straight... http://www.edmunds.com/advice/fiw/ar...7/article.html about 1/3rd of the way through it covers; agreeded, stated and actual and all 3 are different. Agreeded is the only way for a collectable!

**COPO** · #19 11-01-2002, 08:20 PM

Great link Dennis. I have an "agreed value" policy with Grundy on my cars as Hagerty did not like the fact that I had a single speeding ticket that was 3 years old.

ford26t · #20 11-01-2002, 08:48 PM

Give sandy a call at collector car ins 1-800-787-7637 they were the cheapest for better coverage she will give you a price on the phone

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